Quitting the EU has stalled business investment, making us reliant on workers who are now scarce. Hence rising wages, high inflation and increased interest rates. Result? A looming recession
The effect of leaving the EU’s single market has affected UK trade more acutely than first estimated, the Bank of England’s Andrew Bailey has said.The effect of leaving the EU’s single market has affected UK trade more acutely than first estimated, the Bank of England’s Andrew Bailey has said.Last modified on Sun 12 Feb 2023 10.27 GMT
Maybe, given the mounting evidence, it is unsurprising that business leaders, ministers and the shadow Labour team are meeting in secret to discuss how they can turn the situation around., the pharmaceutical firm lauded for providing its Covid-19 vaccine at cost to the UK and developing-world countries, said it would make Ireland the location of a new factory once destined to nestle near its existing UK manufacturing centres in north-west England.
The Office for National Statistics said the gap between UK exports and imports grew by £2.4bn to £26.8bn, making it clear the shortfall was “driven by lower exports of both goods and services”.– has also suffered. It stalled after the 2016 referendum and remained flat until late 2019, when it fell off a cliff.
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