“Sterling, King says, is in the sights of ‘vigilantes’ – investors who look around the world for the weakest currencies…
“This is a reaction to the economic trap Britain is in, intensified by the implosion in its EU trade post-‘Brexit’…
“Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by ‘Brexit’.” https://www.theguardian.com/business/2022/may/01/bank-of-england-duty-bound-to-trigger-recession-to-curb-inflation?CMP=Share_AndroidApp_Other
“Trade friction has ‘clear and robust impact’ on supermarket prices, economists say.” https://www.independent.co.uk/news/uk/politics/brexit-food-prices-living-costs-b2065985.html
“Think-tank finds ‘clear and robust impact’ of ‘Brexit’ on rising food prices.” https://www.theguardian.com/politics/2022/apr/27/post-brexit-trade-barriers-increase-price-of-food-imported-from-eu-report?CMP=Share_iOSApp_Other
“Adam Posen, a former Bank of England policy-maker, said most of Britain’s inflation problem stems from ‘Brexit’.” https://www.bloomberg.com/news/articles/2022-04-27/brexit-explains-80-of-u-k-inflation-former-boe-official-says
“Orders received by manufacturers have almost stalled, driven by an increasing loss of exports. ‘Brexit’ and transport delays were seen…
“Spending appetite drops to worst level since 2008 as cost-of-living concerns mount.” https://www.ft.com/content/113d93fb-add5-46e2-a482-114cab7b00ea?segmentId=bf7fa2fd-67ee-cdfa-8261-b2a3edbdf916 UK consumer confidence plunges to near-record low…
Inflation will limit UK consumers’ spending power, with energy costs a particular problem Britain’s economy is at growing risk of…
“We’ve been robbed. In the 2019 General Election, the Tories pledged to match ‘at a minimum’ EU social funding after…