Brexit

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mraniki@lemmy.world

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

submitted 1 year ago by mraniki@lemmy.world to c/brexit@lemmy.world

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“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.”

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[–] juusukun@lemmy.ca 9 points 1 year ago (1 children)

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

[–] captaincoupi@kbin.social 4 points 1 year ago (1 children)

And banks on mortgages, and supermarkets on food, and oil companies on fuel, and energy companies on utilities……

[–] -hypnotoad-@kbin.social 1 points 1 year ago

Nope just landlords...otherwise economic complexities make head go ouchies.