Swati Dhingra, a member of the Bank of England Monetary Policy Committee, admitted on Wednesday:e Brexit has contributed to higher prices and lower wages in the US. United Kingdom, as well as slowing post-pandemic trade flows compared to other advanced economies.
“It is undeniable that we are seeing a much greater slowdown in trade in the UK compared to the rest of the world”Dhingra said he appeared before the House of Commons Treasury committee with central bank governor Andrew Bailey.
Exit the European Union (EU) for the Economist caused real wages to be 2.6% below what they could have been, increased the cost of food in the country by about 6%.
this The UK consumer price index (CPI) rose to 11.1% from 10.1% in October. It’s a 41-year high in September, the Office for National Statistics (ONS) reported on Wednesday.
Bailey, the bank his analysis, Brexit It could have an impact of around 3% on the British economy.
“As a public official I am neutral about Brexit itself, but I am not neutral about saying these are the most likely economic impacts,” he said. He claimed.
The head of the issuing bank also stressed “The “dramatic gap” in the evolution of British GDP After the coronavirus pandemic compared to other developed countries.
of the size UK economy shrank 0.7 percent Bailey said the eurozone was 2.1 percent higher and the US 4.2 percent higher than at the end of 2019.
“There are many factors” The governor said that this development included the decrease in the number of active workers after the pandemic.
“The UK is the only OECD country to experience such a ‘shock’ in the labor market.” He claimed.
Bailey also stated that: Britain damaged its ‘international reputation’ Former Prime Minister Liz Truss was forced to withdraw due to aggressive tax cuts that took financial markets by storm.
“It will cost more to rebuild that reputation than to straighten the cost of the debt curve.” He assured the head of the Bank of England.
Source: Informacion
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