Netizen 24 GBR: It's clear who would be the loser in a no-deal Brexit, and it isn't the EU

By On November 14, 2017

It's clear who would be the loser in a no-deal Brexit, and it isn't the EU

Though Mark Carney was spared writing a letter to the chancellor after the latest figures, consumer prices inflation at 3 per cent remains uncomfortably high. Were Britain’s inflation in line with the eurozone average, 1.4 per cent in October, real wages would still be rising. They are, of course, falling, and retailers are counting the cost.

The difference is sterling’s Brexit fall, which has pushed food price inflation to a four-year high. Meanwhile, retail prices inflation, a measure still followed by many, particularly pay bargainers, is 4 per cent. All this was predicted, and was predictable.

It is not simply a case of relying on WTO rules for future world trade
It is not simp ly a case of relying on WTO rules for future world tradeDavid McNew/Getty Images

So was slower growth. Consensus forecasts, including those that will underpin next week’s budget, point to an economy 3 per cent smaller in 2020 than was expected before the…

Previous articleRegulator pens a new tragicomedyPrevious articleNext articleKalashnikov ready to pull the trigger on going privateNext articleSource: Google News

Next
« Prev Post
Previous
Next Post »