Explanation – Brexit is a blow to the UK’s attractiveness for investment. That’s not the only concern.
Successor to Boris Johnson, appointed the following Monday, would find a pile of files on his desk, each one more urgent than the next. From economic conditions to social unrest, the UK faces a tense autumn “Summer of Discontent” Stopped by repeated strikes.
A situation reminiscent of the 1970s, with inflation, social movements, sluggish growth and failing public services. “UK looks more and more like a growing economy” In a note much noticed this summer, Saxo Bank economist Christopher Dembig quotes “Political instability, Brexit and Covid-related trade disruptions, the energy crisis – a real risk of a blackout this winter – and high inflation”.
1. Energy Crisis and Inflation Record
The “cost of living crisis” is weighing on British households a little more each month. Inflation, which already crossed 10% in July, continues its run towards records…
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