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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by juniordev7 on Friday March 24, 2023 @11:50AM (#35290733)
UK is doomed. These idiots thought they would be better off outside Europe.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by londons_explore on Friday March 24, 2023 @11:58AM (#35290900)
I think the UK was doomed inside or outside Europe.

Not quite sure why, but their relative productivity per worker has been dropping since 2007 compared to all other developed nations. [1]

With low productivity, it doesn't matter if you have sweet trade deals - you're still going to decline eventually.

[1]: https://www.bbc.com/news/business-47826195.amp

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by skippyboxedhero on Friday March 24, 2023 @12:29PM (#35291468)
This isn't the case. The stuff you read about this is just ludicrously inaccurate.

One, UK is growing at about the same rate as other developed economies. This is quite remarkable because, if you look at Europe, 100% of these countries have significantly higher unemployment.

Two, productivity growth has slowed everywhere after 2007. The UK is comparable to Western Europe, slower than Germany, faster than Italy, it depends heavily on what start and end date you pick. This isn't particularly surprising given that we essentially outlawed the most productive sector of our economy after 2007.

Three, the UK had no financial boom in the 2010s, the US did, and the EU did...let's just wait until the debt has to be repaid to see the full score on whether that has worked out economically.

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by 10xDev on Friday March 24, 2023 @12:05PM (#35291041)
The culture in the UK is to live for the weekend. Weekend consisting of getting drunk and watching football. A lot of the people carrying it both in blue collar and white collar jobs are foreigners. Even when it comes to academics, go to any top university and you will forget you are in the UK.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by londons_explore on Friday March 24, 2023 @12:06PM (#35291069)
As well as declining productivity per worker, they are also suffering a declining worker pool as more people are switching to part time, taking early retirement, or are claiming unemployment/disability.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by chatmasta on Friday March 24, 2023 @11:51AM (#35290754)
Europe is also experiencing high inflation.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by juniordev7 on Friday March 24, 2023 @12:00PM (#35290958)
War ends sooner or later but Brexit and it's effects are here to stay forever.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by chatmasta on Friday March 24, 2023 @12:04PM (#35291020)
Sure, but keep in mind that will be true regardless of whether its "effects" turn out to be the same effects you're predicting.
Re:UK: Food inflation rises to 18.2% as it hits highest rate... by okeuro49 on Friday March 24, 2023 @12:47PM (#35291831)
The UK will last longer than the EU. The EU has a fundamental schism of a shared monetary policy, without a shared fiscal policy (see euro sovereign debt crisis). It also has a problem regarding the population becoming increasingly sceptical of freedom of movement, voting for more socially conservative parties.

Hopefully the EU can be reformed to go back to a trading bloc, with a liberal visa regime for member states, rather than an idealistic United States of Europe model, punctuated periodically by brutal austerity.

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by juniordev7 on Saturday March 25, 2023 @04:30AM (#35300640)
Nah unless it's for blood money UK would have been bankrupt a long time ago