The UK is worldbeating
We keep on being told how the UK is worldbeating. Or that the cost of living crisis is a Europe wide thing, nothing too do with brexit or Tory party policy. Well they are wrong….but also right!
The inflation rate in the UK is much higher than it is in Europe or any other G7 country. And the graph above reflects average figures from a few months ago. The inflation rate is actually stabilising in parts of Europe and in the US, while in the UK its forecast to go up to 22%. Admittedly there are outliers regarding certain individual countries in the EU and certain products (notably anything dependant on gas), but for what should be obvious reasons. Not to mention inflation is effectively higher the poorer you are. Meanwhile the energy price rises in the UK are well ahead of…
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