Too Strong a Pound - The millstone round the UK's neck by John Mills

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John Mills is an economist, industrialist, and founder and Chairman of the consumer goods brand JML, the global import-export business which operates out of 80 countries.

John recently established The Pound Campaign to highlight the historically high value of the British pound and the damaging effect it has had on the manufacturing industry and the wider economy. Now that the UK has voted to leave the EU, and the value of the pound has fallen, this is our chance to increase competitiveness, boost UK exports, increase our productivity and stimulate economic growth.

This film is about why an overvalued pound has caused deindustrialisation, trade deficits, over-borrowing, under-investment, low and unstable economic growth, stagnant wages and too many people missing out on the benefits of globalisation.

John has recently written a pamphlet entitled ‘The Exchange Rate’ which details why the government needs to have an economic policy which takes account of both the country’s competitiveness as well as the need for a reasonable balance between manufacturing and every other sector of the UK economy.

More information about The Pound Campaign: http://www.poundcampaign.org.uk
More information about The Exchange Rate pamphlet: http://www.labourfuture.org.uk/the_ex...
More information about John: http://www.john-mills.info

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