'Devalue pound' says Labour donor

Press Association
Updated
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a

%VIRTUAL-SkimlinksPromo%Labour's largest individual donor has launched proposals for a new economic strategy which he believes would boost GDP growth to 5% and remove the need to eliminate the UK's national deficit.

Businessman John Mills called for a radical devaluation of the pound to boost exports, coupled with a drive to boost investment in business from its current rate of 13.5% of national income to more than 20%.

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