Labour's Biggest Business Donor: Why the UK needs a much lower exchange rate for the Pound

John Mills, Chairman of JML, The Pound Campaign and Business for Britain 

Labour Party donor and businessman John Mills  told FPA members that as someone close to the realities of the commercial world he was only too aware that the UK was miles behind what's happening in the Far East. The amount of GDP we invest is pitifully low at 14% (in China it's 46%) manufacturing and productivity had fallen dramatically and we have a chronic balance of payments problem. This was caused by a large trade deficit and the transfer of huge sums abroad. Between 2000 and 2010 the UK had sold £ 600 Billion of portfolio assets - things like railways and energy companies. John Mills said the only way to get the economy going was to reverse these trends and get the exchange rate down. He is bringing out a book later in March laying out how he thinks we can revive our economy and cut the government deficit without damaging and unnecessary austerity. More @ http://www.john-mills.info/call-to-action