“We [the Bank] laid out in advance of Brexit that this will be a negative supply shock for a period of time and the consequence of that will be a weaker pound, higher inflation and it will end weaker growth,” he told The Daily Telegraph. “And the central bank will need to lean against that now that’s exactly what’s happened. It’s happened in coincidence with other factors, but it is a unique aspect of the economic adjustment that’s going on here.”
Brexit ripped me and my LDR English partner apart and it‘s been a struggle to try and navigate ever since. We had planned for me to go there due to my English being better than his German, but Brexit was what changed our course. So they lose two people with skills in IT and welding! Hope that helps with inflation, eh?
The only upside of this is that once we are done with this horrendous immigration process (fuck Austria too for that), he will be away from England/UK for good, which I see only as going downhill, as they don‘t invest in infrastructure or healthcare, but instead in surveillance and protest suppression.
My right winger family members here are cheering this on too and are already hoping Austria will leave the EU as well, in which case we plan to move to Germany. I‘m not dealing with the fallout from nationalist stupidity again.