5. 4. UKIP Wales Debate: The Impact of the EU Referendum on Tata Steel

Part of the debate – in the Senedd at 4:14 pm on 6 July 2016.

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Photo of David Rees David Rees Labour 4:14, 6 July 2016

Yes, I accept that point that the pound is down, therefore the exports are cheaper and possibly more enticing to buyers, but, of course, we are buying raw materials in dollars, and the pound has dropped like a rock to a 31-year low against the dollar, so the consequences are that we’ve probably got, perhaps, a worse situation, not necessarily a better situation.