Brexit

354 readers

3 users here now

A place to debate and discuss the UK's exit from the European Union. Be Kind and Courteous.

[email protected] [email protected]

founded 1 year ago

MODERATORS

[email protected]

‘We told you so’: Brexit to blame for soaring inflation, former Bank of England boss (web.archive.org)

submitted 1 year ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

“We [the Bank] laid out in advance of Brexit that this will be a negative supply shock for a period of time and the consequence of that will be a weaker pound, higher inflation and it will end weaker growth,” he told The Daily Telegraph. “And the central bank will need to lean against that now that’s exactly what’s happened. It’s happened in coincidence with other factors, but it is a unique aspect of the economic adjustment that’s going on here.”

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

Whenever I hear inflation I instantly think "how much do you want to bet a bunch of greedy landlords and whatnot jacked up their prices without any of their costs going up even remotely as much, while blaming it on inflation?" and I feel like it's literally every landlord, capitalist who's money makes them money and they have an overinflated sense of importance and societal value