this post was submitted on 01 Jul 2023
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UK Politics

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Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.

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[–] emerty -4 points 1 year ago (65 children)

and Britain’s energy price guarantee

And you're ignoring the second half of the first paragraph?

Why?

[–] sunbeam60@lemmy.one 5 points 1 year ago (64 children)

Not ignoring it. Of course there are other factors. But brexit is definitely a factor. Therefore: Brexit, the gift that keeps on giving.

[–] emerty -4 points 1 year ago* (last edited 1 year ago) (61 children)

I work in agtech, brexit is a gift, it's caused disruption that's a great catalyst for investment in regenerative and vertical farming

Problems are opportunities

Wage growth is also high as a result of the labour squeeze that brexit is partially affecting

[–] G4Z 3 points 1 year ago (1 children)

That seems suitably vague.

be specific, what can you do now that you couldn't have done in the EU and why has that caused more investment that wouldn't have happened anyway?

[–] emerty 1 points 1 year ago (1 children)

The CAP is an environmental disaster. The UK has now created its own agriculture policy that does not subsidise production. This was not possible whilst in the EU.

[–] G4Z 5 points 1 year ago (55 children)

So I suppose what you are saying is, now that the cost of food production has increased that's made investments in these things more viable? Kind of sounds like some significant downsides for the other part of that equation. Not quite a Brexit benefit for the rest of us, just those in a specific VC funded R+D company.

I also think... those investments could have still happened in the EU tbh, could and maybe should have been government funded research anyway, considering there is at least one large vertical farm company in Germany.

Not really buying that as a benefit myself, but at least it is arguable!

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