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A thank you to Brexiteers.

You will be able to point to where the BoE report cites increased wages as the driver for their inflation forecast, rather than higher prices for energy and goods from abroad, which is what they actually refer to.

Cheers - Louis MacNeice
A refreshing change from trying to pin the blame on Covid then. And with the UK having less than 1% of Europe's gas storage infrastucture, and you probably don't see Brexit paying a role in escalating energy price rises either, right?
 
A refreshing change from trying to pin the blame on Covid then. And with the UK having less than 1% of Europe's gas storage infrastucture, and you probably don't see Brexit paying a role in escalating energy price rises either, right?
What has that got to do with anything I have just written?

Cheers - Louis MacNeice
 
A refreshing change from trying to pin the blame on Covid then. And with the UK having less than 1% of Europe's gas storage infrastucture, and you probably don't see Brexit paying a role in escalating energy price rises either, right?
:confused: So if Brexit hadn't happened UK would have had more than 1% of EUrope's gas storage infastructure?
 
What has that got to do with anything I have just written?

Cheers - Louis MacNeice
Sigh Spoon-feeding....

Boris Glass, senior UK Economist at S&P Global Ratings
  • The tight labour market was a key element in the Bank’s assessment. Current wage negotiation rounds are likely to yield better than usual results for workers across many sectors and regions. If this trend continues and much higher wages become widely embedded in contracts, employers may have to raise prices further, translating into ongoing higher inflation.

  • It’s that risk of unhealthy wage-price-inflation dynamics in the future that the Bank is worried about.
 
A lot of countries in the EU and elsewhere are experiencing near-identical labour shortages and corresponding pay rises, it seems to have more to do with people being sick with long COVID than with how many immigrants their governments have kept out, so I don't Brexit should be celebrated for creating wage rises - or blamed for inflation by tight-fisted companies trying to avoid raising wages.

But Britain does seem in store for higher inflation than its neighbours, according to a Reuters forecast.

argentinainflation.png
 
Sigh Spoon-feeding....

Boris Glass, senior UK Economist at S&P Global Ratings


That is not from the Bank of England and it doesn't even say that wage increases to date have caused the current rise in inflation. You are really not getting this are you...perhaps there's a hole in your spoon?

Cheers - Louis MacNeice
 
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