• TheGrandNagus@lemmy.worldEnglish
    151·
    5 months ago

    I love to bash the Tories/Brexit more than most, but I don’t think the recent massive increase in inflation is a UK only thing or a Brexit thing.

    Nor do I find it particularly strange that commonly visited articles on a government website are stuff to do with welfare/taxes/vehicle safety inspections.

    I get it, UK=bad™ and you want to vent and feel superior about it, but this seems unsubstantial.

    • rufusEnglish
      4·
      5 months ago

      I think the gist of it is, it’s somewhat worse for the UK. And that wouldn’t have been the case without a few home-made problems, mainly brexit which has quite some impact on trade and economics. I think it’s fascinating that these kind of politics only cause a few percent points of inflation more than other countries have.

      • TheGrandNagus@lemmy.worldEnglish
        2·
        5 months ago

        It hasn’t caused a few percent of inflation, our inflation has been pretty much identical to that of France’s, which is the most similarly sized economy in Europe.

        The UK proportionally importing more food, as well as being more susceptible to energy price changes due to extremely poor gas storage facilities, have been the main drivers of additional inflation in the UK.

        Brexit will have 100% had a negative impact, but it’s not even in the top 3 of inflation drivers, and certainly isn’t adding multiple percentage points.

        These doom and gloom submissions paint a completely inaccurate picture. People in most of Europe are experiencing broadly the same problems right now.

        • rufusEnglish
          1·
          5 months ago

          Yes. I think the whole world shares this problem. The USA, China, … not only european countries. And forunately it’s getting better.

          I’m not sure if I share the same view. As france had something like 6% of inflation, the UK hit double digits in 2022, up to 11% if what I find on the internet is correct. Other countries had it a bit worse, I think Germany spiked to about 9%. But the difference by a few percent makes a huge difference for economy. You’re right, the Consumer Price Index for the UK and France look eerily similar for the last few years. I wouldn’t have expected that.

          I mean I’m not sure if this is the correct way to compare this. We don’t import our lettuce and groceries from the UK. But Brexit affects us other Europeans as it affects the people from the UK. I personally can feel it since I used to source some electronics components from the UK and buy things from eBay. It’s all gone by now. I’m not sure if this had gone on forever since competing against China is difficult. But it was way more convenient to buy for example a used graphics card from the UK than have it delivered from China.