News · 29 June 2026
Brexit's £3.6% Inflation Impact: Bank of England Economist Explains
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Huw Pill, who serves as the Bank of England's chief economist, suggests that Brexit has complicated efforts to manage price increases, exposing the nation to persistent inflation. New trade barriers and the end of free movement for workers have created a labour market more prone to price momentum. UK inflation has averaged around 3.6% since the 2016 Brexit vote, compared to 2.5% in Germany and 1.9% in France.
Reported by The Telegraph · How we write briefs