Early day motion 553

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OVERVALUATION OF STERLING

That this House notes the comments by former IMF Deputy Director for Europe, Professor Ashoka Mody, that the pound was 20 to 25 per cent overvalued in trade-weighted terms before the Brexit campaign got underway and that this currency distortion would have inflicted deep damage if it had been allowed to continue for another five years; and further notes Professor Mody's conclusion that the UK economy is rebalancing amazingly well and that it is a stunning achievement that a once in a 50 year event should have gone so smoothly.

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Total number of signatures: 7

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Showing 7 out of 7

Name Party Constituency Date Signed
Bottomley, Peter Conservative Party Worthing West 18.10.2016
Flynn, Paul Labour Party Newport West 20.10.2016
Godsiff, Roger Labour Party Birmingham Hall Green 19.10.2016
Hoey, Kate Labour Party Vauxhall 19.10.2016
Hopkins, Kelvin Labour Party Luton North 17.10.2016
McGarry, Natalie INDEPENDENT Glasgow East 25.10.2016
Stringer, Graham Labour Party Blackley and Broughton 07.11.2016