That was a disgraceful and arrogant response from your MP, DMcG.

But Iains, he's one of you!

I haven't passed any comment about the pros and cons of either a weak or strong currency. The recent argument here is more about what's actually happening to the pound vs the euro right now. Yes, one swallow does not a summer make. But the pound has been hovering around its current level for many months now, give or take a few cents here and there. You attack for the sake of attacking. A little more attention to the skill of reading passed on to you by well-educated teachers wouldn't come amiss and would help you to focus on what's actually being said here instead of what you wish had been said so that you can go into attack mode.

And, as a matter of fact, a strong pound makes buying foreign goods cheaper. It isn't just those wealthy pensioners, whoever they are - it certainly isn't the majority of them - who benefit (they have actually suffered from ten-year rock-bottom savings rates). A sudden weakening of the pound, as we've seen, causes an inflationary bubble, and that's happened at a time when pay hasn't kept up. No black and white here, but some stability would be a good thing.