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  • A weak currency helps as long as the materials are not imported, which of course they are largely.

    tangentially related to industry and import/exports is the fact it all needs the black stuff...and we have to buy oil & gas in dollars.

  • Did the government intervention cap the wholesale prices in Dollars or Sterling?

    Sterling

    EDIT: Not that it actually matters to the taxpayer. Whether its pegged to USD or GBP the taxpayer still has to find the USD amount one way or another....government debt or cash.

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