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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 19 points 1 year ago

Literally the first paragraph says “economists put it down to brexit”. But I’m sure you had enough of experts.

[-] emerty@feddit.uk 3 points 1 year ago

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

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

[-] SMURG@feddit.uk 1 points 1 year ago

A factor, but clearly not the primary one.

[-] emerty@feddit.uk 1 points 1 year ago

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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[-] Biohazard@feddit.uk 2 points 1 year ago

The experts said that inflation was temporary. Look how its going now.

this post was submitted on 01 Jul 2023
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