Economists put reason for divergence down to Brexit and Britain’s energy price guarantee
Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.
The government can only pretend external factors are entirely to blame for so long. As more and more evidence like this continues to pile up, it will become politically untenable. Eventually it'll just be the maddest of the mad still in the Brexit camp and the less devoted Brexiteers will want to disassociate.
Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.
I know we'll not regain the special privileges we had and will need to eventually move toward the Euro but good lord we should be rejoining the EU posthaste.
You do realise that Germany and Italy are in a literal recession right now, with negative growth rather than slowing growth? I don't think that's Brexit.
Ever since after world war 2 Uk inflation has been high compared to other nations in Europe and the US. Get your cash out of the UK. Invest in the S&P500
Labour nor the Tories are ever going to make brexit viable. At this point the decision to stay out of the EU is purely ideological and has zero benefits.