Economists have explained that while inflation is a “global phenomenon,” the UK’s exit from the EU has been a factor in our particularly high rate.
A short-term cash grab orchestrated by George Osborne has been costing every household in the country £8,900.
Projections for the General Election year suggest that inequality will grow, with little income growth, higher debt and higher household costs.
Borrowers are already facing big increases in monthly bills thanks to mortgage rates moving higher.
Academics say any gains will depend on the possible future expansion of the CTPPP, which as things stand looks both unlikely and undesirable.
"If we believe that WNI is a better measure than GDP, then this drop by more than 9 per cent within 7 years is worrisome."
The chief economist of the Bank of England has told Brits to stop asking for a pay rise and "take their share".
Forecasts suggest the UK will be 15 years late in hitting £1 trillion annual export target set by David Cameron before the Brexit referendum.
“Brexiteers said their closest EU neighbour would be “doomed” – now it’s set to be the top-performing economy in Europe this year.”
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