Cheaper fuel means cheaper food does in not, well it should be.
Anyhow, since the oil went bottom dollar a few months ago, they never did change the VAT, fuckers should have compensated for that.
With the pound dropping, it makes for cheaper export of British goods also, thats a win too.
What is with imports?
With imports its is more expensive, the trade off with the dollar or Euro, if the pound is lower than them, then to buy from abroad is more costly.
You may say its swings and roundabouts, if the pound is higher at any moment, then goods that are imported get more expensive to buy.
So with a low £ its cheaper when some one imports from the UK , but not the other way around.
How much does the UK exports vs what it imports?
It imports more than it exports. Which means UK won't benefit from the drop, rather the contrary.
But anyway, people are too dumb to see on the long term, they're just happy to see the first positive effects...