Article 68SAB Brexit is a self-inflicted wound of unparalleled severity | Phillip Inman

Brexit is a self-inflicted wound of unparalleled severity | Phillip Inman

by
Phillip Inman Economics Editor
from on (#68SAB)

Quitting the EU has stalled business investment, making us reliant on workers who are now scarce. Hence rising wages, high inflation and increased interest rates. Result? A looming recession

Whenever Andrew Bailey, the governor of the Bank of England, talks about the economy, he is forced to mention the toll taken by Brexit.

Business leaders, initially reluctant to criticise the Tory decision to quit the EU, have begun to find their voice. Most recently, leading City figure Guy Hands called Brexit a complete disaster" and a bunch of total lies" that has harmed large parts of the economy.

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