A sterling crash is a godsend

Telegraph
"Britain has twice averted disaster over the past century by a timely – if humiliating – crash in sterling. In neither case was it obvious that this would lead to a decade-long revival in British fortunes. .....This is not to underplay the gravity of Britain's crisis. We are in a worse state today than in 1992 or 1931. Our budget deficit is 13pc of GDP. We are living £175bn a year beyond our means."