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Watch #Newsnight’s @BenChu_ explain why post-Brexit checks which begin to come in on Wed will push up the domestic price of some imported produce from the EU
Leaving the European Union was never going to solve the structural issues in this country.The overall impact of Brexit on the economy has been to make us much poorer. Analysis from the National Institute of Economic and Social Research estimates that at the end of last year, GDP was between 2% and 3% lower than it would have been had the UK not left the EU; the equivalent of an £850 per person loss in national income, rising to £2,300 per capita by 2035. Moreover, levels of business investment are down 30% compared with its pre-referendum trend.
Analysis from the Resolution Foundation shows that real wages will be no higher in 2024 than they were in 2006, a terrible tale of stagnation. External factors like the war in Ukraine have contributed to rising energy bills and food prices, but Brexit has not only made household incomes less resilient to these shocks, but through its impact on the levels of the pound, has itself acted to drive up inflation.
The Tories’ Brexit populism was never going to win them long-term success at the ballot box because their promises were built on sand. A poll last week found 57% of people think Brexit has been more of a failure; just 13% think it has been more of a success. But whether or not the public blames Brexit for the state of the economy, the polls suggest voters are prepared to hold the government accountable for the cost of living crisis and the state of the NHS. Ministers are unlikely to escape their complicity in misleading the public and inflicting economic pain on the country; but not before they have wreaked untold damage to the UK’s long-term interests.
The Guardian.co.uk
Certainly seen no benefits have weMost people don't give a shyte because it's not made the slightest bit of difference to their day to day lives despite what the doom mongers keep saying
So has cost of living.Wages for a lot of trades have gone up
Thread title doesn't make sense. It looks like prices are predicted to be higher.
It's called click bait and a few idiots on here use it regularly.
Most people don't give a shyte because it's not made the slightest bit of difference to their day to day lives despite what the doom mongers keep saying
So has cost of living.