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    Brian - the currency position is due to the fact that the UK economy was so weakened by Brown's Recession. We are fortunate to still have sterling so it could take some of the pressure out of the economy, unlike the weaker Euro countries who are locked into the Euro.

    The currency exchange rate is one of several factors that contribute to rising prices as distinct from inflation which refers to the amount of money in the system.

    The purchasing power of £sterling is down CPI 3.7% or RPI 4.8%, whichever measure you prefer - not 20%. Money is measured by what it can buy based on a basket of goods rather than against a different currency. On the positive side the weak £ means that our exports are cheap and that is helping keep people in work.

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