Unfortunately he's a realist. I'm having to re-cost our products where we import raw materials for production. It's not a pretty sight.
As it happens, it has just dropped another 1.5%* since yesterday. And a lot more to come, I'm afraid. * Edit - more like 2% actually.
In theory yes, but as we build big capital projects it's all about the funding being in place. Which takes forever. Our projects take on average 5 years from conception to breaking ground. And I have known of one or two taking up to 15 years to come to fruition!!