U.K. inflation is likely to stay higher for longer than that in the U.S. and other countries in Europe due to factors including labor-market pressure caused by the country’s exit from the European Union, Jefferies says.
...a combination of supply chain problems, Brexit, inflation and unseasonably warm weather ended with Hunter Boot going into administration, the UK’s version of bankruptcy.
Former Bank of England head blames Brexit for UK inflation
Brexit to blame for soaring inflation, former Bank of England boss says: ‘We told you so’
18/06/2023
Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.
Two thirds of voters including a large number of Leavers say leaving the EU is contributing to rising supermarket prices and high inflation.
UK’s exit from EU helped fuel inflation crisis, says top US economist Larry Summers.
New research by the London School of Economics (LSE) has revealed that British households have incurred a £7 billion ($8 billion) cost since Brexit due to trade barriers affecting food imports from the EU.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Economists say border costs added £7 billion to grocery bills. / Study comes as ONS data shows food prices driving inflation.
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.
“You bring Brexiters on, you never challenge them. You let them talk utter rubbish about Brexit. Year after year after year.”
The UK’s final post-Brexit border checks will cost food importers hundreds of millions of pounds under the government’s own internal estimates, adding to upward pressure on inflation.
Bank of England policy maker Catherine Mann waded into the Brexit debate, blaming UK’s departure from the European Union for adding to inflation. / “However, the UK has also been affected by a third type of shock which makes it unique: no other country chose to unilaterally impose trade barriers on its closest trading partners,” she added.
Superdry chief executive Julian Dunkerton has become the latest company head to warn of the possible risks from Brexit to British companies.
A town hall will need to stump up an extra £38m for its new wave of council homes due to soaring costs.
‘From rhetoric to recession’: Dutch press say Britain is now facing economic realities of Brexit
20/01/2023
Labour shortages have made inflation more persistent, Joost Derks said, putting Britain's economy in a slippery slope.
Iain Overton examines the lack of consequences for the Brexiters that promised us sunny uplands.
System working ‘broadly as Leave advocates promised’, say think tanks’ report. / Post-Brexit immigration rules have led to a shortfall of around 330,000 workers in the UK and had helped fuel inflation, according to top economists.
If inflation stays high, will the PM be honest enough to agree with the Bank of England that leaving the EU is partly to blame?
Brexit regret: Why the ‘undeniable disaster’ finally hit home with the British public in 2022
01/01/2023
Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.
Fruit and veg supply could be ‘in trouble’, says NFU – citing added costs of Brexit and Ukraine war.
Egg shortages ‘just the start’, says NFU – warning tomatoes, cucumbers and pears could become scarce.