And this slump is not stimulating growth—meaning Brexiteers don’t have a leg to stand on.
The worst of the rise in inflation is likely over. But as the economy stutters, and with Brexit chaos looming, wage earners will be waiting a long time for any real relief.
Growth could be substantially down by the end of 2017—with the potential figures for 2018 scarier still.
Labour’s plan to raise income tax on £80,000 earners doesn’t cut it.
however these complex and contentious discussions end up, an enduring reality is that the UK’s economic fate and future lie in Europe and not in the romantic, swashbuckling notion of Global Britain.
First published: InFacts, 20/01/2017
The buoyant state of the UK economy has gotten a lot of tongues wagging recently,