“It really seems like ‘Brexit’ has to bear a disproportionate role in explaining the inflation.” https://www.cityam.com/us-uk-trade-deal-never-going-to-happen-warns-former-bank-of-england-bigwig-as-he-says-high-inflation-is-down-to-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
“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
“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…
“Meanwhile, Allan rejected suggestions from the Bank of England’s governor that people should not ask for big pay rises because…
“Turkey is in the throes of an economic crisis with official inflation figures above 21%.” https://www.msn.com/en-gb/money/other/bulgarian-shoppers-find-bargains-in-turkey-as-lira-struggles/ar-AASaNal?ocid=st
“We are not at 1970s levels of inflation, but we are now experiencing enough inflation that real pain will be…
“The Bank of England has forecast that Britain’s inflation will go over 4%, more than double its target.” https://www.reuters.com/article/imf-worldbank-bailey-idUKKBN2H708S