butters
High on a Hill
- Joined
- Jul 2, 2009
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https://www.msn.com/en-us/news/worl...31&cvid=6a95faa908364ff4ac457abfd062083b&ei=6
But the truth is that the shadow of Brexit hangs over those election results. The Conservatives did badly partly as a result of the nation finally revolting against their abysmal 13-year record, but also because the spreading woes of Brexit are coming home to those who rightly feel they were hopelessly misled by honeyed words.
The Lib Dems did well because they have made the right judgment on Brexit, and are not afraid to say so. Labour has not done as well as it should because many pro-European voters have made their feelings known by switching to the pro-European Lib Dems.
And another thing: the persistently high level of inflation is much in the news, and being felt in many people’s pockets. But there can be little doubt that this country’s rate of inflation is higher than that in the US and EU.
It is higher because of the dramatic impact of Brexit on import prices
These are deep political waters. But there can be no doubt whatsoever that the Bank of England’s attempt to control inflation has not been helped by our departure from the EU. Nor that, when the figures for the annual rate of inflation do fall, the impact of previous rises will still be felt by a country that has been made poorer by Brexit.