Letter: The advantages of depreciation
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Sir: The few of us left in manufacturing industry with a high percentage of exports welcome low interest rates and therefore a so- called weak pound.
Our City friends who sell our currency want a strong pound and therefore high interest rates.
The questions are: Who are their buyers? Are their interests our interests? How many people do they employ?
Low interest rates and a 'weak' pound make imports expensive and relieve the cost of mortgage interest and other debt from my employees.
What is wrong with that?
Yours faithfully,
ALAN ROUTS
Managing Director
Sheen Instruments Ltd
Teddington, Middlesex
25 August
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments