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What was the expected cost of Brexit in terms of wage stagnation and inflation relative to EU? Sure, now the cost is added on top of the global average, but th
by alkonaut 4y ago
What was the expected cost of Brexit in terms of wage stagnation and inflation relative to EU?
Sure, now the cost is added on top of the global average, but the UK economy would be suffering regardless, now it’s just suffering more.
But this was a deliberate choice. The Brexit was about “are you willing to pay X to get Brexit?”. Even low estimates of X were pretty bad.
- crisdux 4y agoThe fears of brexit causing inflation never panned out. How do you justifying your suggestion that brexit has had a meaningful impact on recent inflation? The UK inflation rate has maxed out at around 2.5% for the last decade until mid/end of 2021. It's growth is line with the rest of the developed world.
- alkonaut 4y agoAny Brexit impact on UK inflation would be due to weakened pound more than anything. But whatever economic impact Brexit will have is mostly yet to be seen, it’s still hidden by the pandemic and the war (especially supply driven inflation).