Sterling at lowest since 1985, gilt yield record low below 1 percent
The article reports the steep fall in Pound Sterling post UK decision to leave the Euro Zone – a record low since 1985. The value of Billions of Pounds was eroded in the wake of Economic uncertainty prompted by the Referendum .
Topics include Economic Integration. Discuss the various stages of Economic Integration: PTA, FTA, Customs Union, Common Market and Monetary Union, advantages and disadvantages of each on the International Trade , Exchange rates and Economic Growth rates of the country. Mention the fact that UK maintained its own currency and monetary policy while being a member of the Euro Zone and implication of the earlier position on UK’s Exit.
Evaluation will cover impact on workers, consumers, producers and government through changes in the prices of goods & services, employment opportunities, loss of markets, allocative and productive efficiencies, tax revenues and economic growth rates in UK in both short term and long term.