The fall in sterlingwillalsobluntdeflationarypressures that mightotherwiseexacerbate the creditcrisis, sincewhenpricesstartfalling the burdenofdebtrisesinrealterms.
Well, exports have been going up - volumes have risen about 9%, overall, since the coalition took office, helped, presumably, by the big fall in the value of sterling at the start of the financial crisis.