Yawn!
UK inflation 80% caused by brexit
- Thread starter Notch7
- Start date
Yawn!
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Yep, took your advice. Came to my senses and hit the ignore button.
Goodbye Himmy/Red/Captain Necrosis/Bobby/whoever!
Have you ever been a member on this forum under a different name?
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Strange. I ask DevilWorshipper this question and he seems to have left the forum. Again.
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Rather than deal with the topic of the thread i.e. that Brexit it an utter pile of shoite.
As far as I am concerned, the thread topic made up by proven liar Notch does not tally with the fabricated quote he posted. I asked him a question it in post #2 and 470 posts on, I’m still waiting for that answer.Rather than deal with the topic of the thread i.e. that Brexit it an utter pile of shoite.
It was not fabricated, you need to retract that statement and apologise….as I’m most awfully upset
I told you the quote wasn’t verbatim because I had to type it from memory.
the meaning of the quote was changed not one jot, your claim its fabricated is rancid hogwash.
brexit is poo, stop denying it
The thread title doesn’t tally with the link.
The link says that the IMF backs another report that expects that 80% of the reason for UK inflation will remain elevated longer than a group of seven peers. Note: 'expects'. Not has, but they think it will. That does not equate to the thread title of "UK inflation 80% caused by Brexit"
How can something predicted turn out to have already happened? Perhaps you should edit the thread title to reflect the link you posted.
In any case, I’m still waiting for your answer to my post #2 that you have swerved so far. Go on, have a go.
The link says that the IMF backs another report that expects that 80% of the reason for UK inflation will remain elevated longer than a group of seven peers. Note: 'expects'. Not has, but they think it will. That does not equate to the thread title of "UK inflation 80% caused by Brexit"
How can something predicted turn out to have already happened? Perhaps you should edit the thread title to reflect the link you posted.
In any case, I’m still waiting for your answer to my post #2 that you have swerved so far. Go on, have a go.
D
Deleted member 18243
Inflation is governments printing extra money; it is the cause not the effect.
en.wikipedia.org
Hyperinflation in the Weimar Republic - Wikipedia
en.wikipedia.org
Poor Mottie, even his own link proves Brexit is sh1t
oh look: UK inflation rate worse than all EU major economies and worse than Euro area.
Inflation Rate - Countries - List | Europe
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries part of Europe. The table has current values for Inflation Rate, previous releases...
tradingeconomics.com
Worse than the euro area by 0.3%, wow, and lower than several other major economies. Notch, you're a ******* nutjob.
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No it isn't, it is much more complicated than that. Did you read the link you posted?
Brexit is sh1t
It finds that Britain has experienced a sharp decline in trade openness (total trade as a share of GDP) since 2019 – a fall of 8 percentage points. France, which has a similar trade profile to the UK, has experienced a far smaller 2 percentage-point fall over the same period.
This decline is not explained by changes in the pattern of global trade during the pandemic. The report notes that the UK also lost market share across three of its largest non-EU goods import markets in 2021: the US, Canada and Japan.
The full effect of the TCA will take years to be felt but this move towards a more closed economy, say the authors, will make the UK less competitive, which in turn will reduce productivity and real wages. The research estimates that labour productivity will be reduced by 1.3 per cent by the end of the decade by the changes in trading rules alone. This will contribute to weaker wage growth, with real pay set to be £470 per worker lower each year, on average, than it would otherwise have been.
This shift towards a more closed economy will have large effects on some sectors, with the output of our fishing industry expected to decline by 30 per cent, and some workers will face painful adjustments. But it will not fundamentally transform the structure of the economy overall – tradable professional services are expected to shrink as a share of the economy by just 0.3 percentage points, and manufacturing by just 0.1 percentage points.
Detailed modelling finds that one of the worst hit sectors of the UK economy will be the manufacture of electrical equipment, which is particularly reliant on cross-border supply chains. In contrast, the manufacture of food products is set to grow post-Brexit as it supplies the UK market.
These shifts will add to Britain’s productivity challenges, as the manufacturing sectors of the economy that are expected to shrink tend to be more productive than ones that are expected to grow – average productivity among shrinking manufacturing sectors is £47 per hour, compared to £37 per hour among growing sectors.
These contrasting fortunes of different sectors of the economy also mean that the impact of Brexit will be felt differently across the UK.
The report finds that the North East is expected to be hit hardest by Brexit – as its firms are particularly reliant on exports to the EU – while the East of England (which has a high share of food manufacturing) and Scotland are expected to outperform the rest of the country.
The report concludes that while the debate on the impact on Brexit has implied a one-off shock, adjustment will be gradual and create a lasting impact on Britain’s competitiveness and productivity over the coming decade
Brexit has damaged Britain’s competitiveness, and will make us poorer in the decade ahead • Resolution Foundation
www.resolutionfoundation.org
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