It has become very convenient for Brexiteers, now renamed Rejoiners, to blame the current slowdown in the economy on Brexit.

That position doesn’t consider that first the EU economy is suffering at least as much as the UK currently and, in any event, two of the most serious issues, energy shortages and supply chain issues that include transport of foodstuffs from Ukraine have no basis in Brexit.

Furthermore, it is only a matter of time before the European Union begins to pressure EU members who are not Eurozone members to either join or leave.

Catherine Mann, a member of the Bank of England’s Monetary Policy Committee, decided to use a speech she made last week. To broach the subject of inflation becoming embedded in the economy.

With Railway workers striking to support wage demands and other industries also considering industrial action, Mann may be right that inflation fuelling wage increases are set to be a significant factor in the Bank’s considerations going forward.

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