A lack of productivity A less flexible labour market And the UK’s changing international relationships after Brexit gracegausden93 looks at why inflation is so much worse in the UK than in the US and Europe ⤵️
This is thanks to a growing number of people opting to study rather work alongside older people opting to retire sooner.
Neither the EU or the US have such a delay so it effects the inflation figure sooner, as such April’s inflation figure is predicted to be closer to Europe’s. Danni Hewson, head of financial analysis at AJ Bell, added: “The US imports far less than the UK, including energy, plus the Fed went harder on rate hikes than the Bank of England even though it started the cycle earlier, so the effects are already being felt in the economy.
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