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Clamor for devaluation to boost industry in Britain

Section: Daily Dispatches

Devalue Pound to Boost Economy, Says JML Founder

From The Telegraph, London
Saturday, March 22, 2014

John Mills, the millionaire founder of direct consumer products company JML, is to launch a campaign for the immediate devaluation of sterling to boost the economy and revive the UK's struggling manufacturing industry.

The entrepreneur, who founded his home shopping empire from the basement of his Camden home in 1986, claims his plans could "transform our prospects" and boost the UK's annual economic growth to 5 percent within a few years.

On Tuesday he will launch "The L campaign," which will lobby politicians to "change our economic polices or face decades of stagnation." The launch will be accompanied by the publication of a paper by think tank Civitas, in which he calls for "radical changes from the orthodoxy that has prevailed in the UK for too long." ...

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