beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
A relative of ours had a quotation for their loft conversion a couple of years ago but due to Covid19 it was not taken up until very recently the cost in the mean time has gone from £50,000 to 70,000 with the blame going on Brexit and more recently energy, I was looking at our 9% inflation the highest in Europe and wondered how that figure was reached and an article in the independent put Brexit at 6% and Energy at 3%
Adam Posen, a former Bank of England policy maker, said on the 27th April 2022 most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.
The economist who heads the Peterson Institute for International Economics in Washington, a prominent research group, said that 80% of the reason why the International Monetary Fund expects Britain’s inflation to remain elevated for longer than its Group of Seven peers is the impact of its departure from the European Union
read articles on Posens comments and they mean the difference in forecast inflation. current inflation is down to massive energy price increases and supply chain contraction which same everywhere, brexit is a small impact right now, mostly the higher cost of labour. shown by the example of 50k to 70k (40% increase) they are rising prices and getting the work, indicating money around and not enough labour which is largest cost in building.