Roger Bootle is one of us! He is prominent in his views that House prices have much further to fall. However, he has different views on British manufacturing and the exchange rate and how we might come out of this recession. There is a view by many that 'because we don't make anything and sterling has been devalued we are doomed.' Not necessarily so! This is the best article I have read yet that articulates why, although we are heavily in the SH*!?, we are not alone and may actually benefit in the longer term.

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