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British Economic Downfall
The UK’s economy post-Brexit has been hit severely. The current consumer price inflation rate is at 10.1% with the bank rates heightened at 4.25%.
The UK’s economy post-Brexit has been hit severely. The current consumer price inflation rate is at 10.1% with the bank rates heightened at 4.25%.
Purchasing power of the masses is declining due to rising #inflation thereby increasing #poverty and #inequality among the masses.
#Brexit has largely been accounted for with the economic burden of the #UK. The #British exports have suffered a brunt as they faced trade barriers affecting their competitiveness.
Moreover the imports increased to £1.6B from the @EU_Commission alone further catalysing outflow of capital.
This has pushed #Britain into signing and negotiating #FreeTradeAgreements with other key players in the #Pacific and #NorthAmerica including the giant market of #India, #Australia and the #USA with the mission of making #Britain “Global” again.
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