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Better off in UK


Moghrey Mie

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1 hour ago, genericUserName said:

It is important that we do not forget that the disproportionately high prices British consumers are now paying for food is the direct responsibility of those who supported the decision to leave the EU.

Since 2019 UK exports to the EU have dropped by 25%.

That's an awful lot of £business down the Swannee.

And before all the usual suspects pile in with "covid!" etc all our peer group economies have grown beyond their pre covid high while the UK languishes in the doldrums and we all know why...

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2 hours ago, genericUserName said:

You are comparing one period of year-on-year inflation. But the important numbers here are around the amount by which British food prices have increased (disproportionately) compared with the EU since the Brexit vote and especially in the period since the decision to push through a hard Brexit - which imposed significant trade restrictions, bureacracy and other complications. An absolute own goal for British consumers. It would also make sense in this context to be careful to disregard price increases which have resulted from the Russian invasion of eastern Europe.

Year-on-year inflation, taken out of context, is a cold statistic which does not account for the fact that consumers will already be dealing with the amount by which prices have already increased over the preceding periods. The government in London, for example, has a goal of halving inflation. That's a relatively soft target given that prices have already jumped so significantly. A less disengenous goal would be to reverse those price increases by, say, half.

It is important that we do not forget that the disproportionately high prices British consumers are now paying for food is the direct responsibility of those who supported the decision to leave the EU.

1.1% it says, and that's even if we took it as gospel. Dwarfed by the inflation for one year in some of those EU countries. Sounds like a bargain to me.

I agree about the goal of halving inflation. Means nothing and going to happen anyway. As fuel and commodity prices reduce, so should retail prices.

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