“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.”
From an outsider’s perspective, it looked like insanity had taken over your country since the downsides of Brexit were so obvious.
Just like how “President Trump” looked to the rest of the world.
Yes, Trump and his following is our version of that.
Whenever I hear inflation I instantly think “how much do you want to bet a bunch of greedy landlords and whatnot jacked up their prices without any of their costs going up even remotely as much, while blaming it on inflation?” and I feel like it’s literally every landlord, capitalist who’s money makes them money and they have an overinflated sense of importance and societal value
It’s mostly just old farts that voted in favor. Most of them aren’t around anymore or won’t be in the next 5 years. Such a shitty way of doing it imo
Important decisions like that should always be some sort of majority vote, the way all of it came about is just odd
Technically it was a majority vote. It’s just the arrogance of the people that set up and agreed to the referendum that thought nobody would vote for it meant that they didn’t define what the majority should be. >50%, 60%, 75% etc. It was a massive failure of state craft made easier because the case to remain hinged on a “if you’re not with us you’re a racist” argument that didn’t go down well to win people over.
