Speaking in the House of Lords debate on currency fluctuations and the effect that this will have on the consumer in price hikes. Lord Bilimoria notes that the value of the pound has dropped against other currencies since June 2016. He further notes the effect that this is having on British firms who import from outside the UK and discusses the commentary on this by various sources. He also notes that there is a lack of confidence in the UK economy following the referendum vote and argues for encouraging a global economy and giving confidence in UK institutions and infrastructure to those outside of the country.
