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 Britainâs 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 sterlingâs 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.
So was slower growth. Consensus forecasts, including those that will underpin next weekâs budget, point to an economy 3 per cent smaller in 2020 than was expected before theâ¦Previous articleRegulator pens a new tragicomedyPrevious articleNext articleKalashnikov ready to pull the trigger on going privateNext articleSource: Google News