Brexit

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A place to debate and discuss the UK's exit from the European Union. Be Kind and Courteous.

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mraniki

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‘We told you so’: Brexit to blame for soaring inflation, former Bank of England boss (web.archive.org)

submitted 1 year ago by mraniki to c/brexit

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“We [the Bank] laid out in advance of Brexit that this will be a negative supply shock for a period of time and the consequence of that will be a weaker pound, higher inflation and it will end weaker growth,” he told The Daily Telegraph. “And the central bank will need to lean against that now that’s exactly what’s happened. It’s happened in coincidence with other factors, but it is a unique aspect of the economic adjustment that’s going on here.”

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[–] PumpedSardines 13 points 1 year ago

I'm not from the UK, but I found it really sad that my dads company decided to switch a lot of their British suppliers with German and French ones due to the increased bureaucracy of dealing with the UK.