UK Politics

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Eurozone inflation falls to 5.5% in sharp contrast to UK (www.theguardian.com)

submitted 1 year ago by ToastedYoyo@lemmy.fmhy.ml to c/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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[–] sunbeam60@lemmy.one 22 points 1 year ago (94 children)

Brexit is the gift that keeps on giving.

[–] noodle 8 points 1 year ago (1 children)

The government can only pretend external factors are entirely to blame for so long. As more and more evidence like this continues to pile up, it will become politically untenable. Eventually it'll just be the maddest of the mad still in the Brexit camp and the less devoted Brexiteers will want to disassociate.

[–] emerty 1 points 1 year ago

Did you even read the article?

Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.

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[–] Doherz@lemmy.world 2 points 1 year ago (1 children)

I know we'll not regain the special privileges we had and will need to eventually move toward the Euro but good lord we should be rejoining the EU posthaste.

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