Economy: Currency Fluctuations - Motion to Take Note

Part of the debate – in the House of Lords at 1:40 pm on 17th November 2016.

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Photo of Lord Vinson Lord Vinson Conservative 1:40 pm, 17th November 2016

I apologise for asking the noble Baroness to give way so early in her speech, but clearly you cannot expect manufacturing, where it takes three or four years to introduce plant and capital and get people trained, suddenly to fill the gap. It will take five to 10 years for us to rebalance our economy. It is surprising that anything has happened at all in a couple of months.