Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.
emerty
joined 2 years ago
Did you even read the article?
Economists said most of the reason for the divergence between the UK and the EU was down to the UK government’s energy price guarantee (EPG), which has capped the cost of gas and electricity bills to the equivalent of £2,500 a year for a typical household until July. In the eurozone there have not been similar caps fixing the price over a lengthy time period, meaning their inflation rates better reflect the recent global decline in wholesale gas and electricity prices.
Lol, no they're not. Productivity is not GDP...
And the 4% is over 15 years and is a result of loss of comparative advantage.
If you have to compound an effect over 15 years to get 4%, the effect is fuck all.
The Dunning-Kruger effect effect occurs when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence
That's you that is
Fucking hell,
GDP is one thing
Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries.
GDP per capita is a measure of productivity and living standards
What Is GDP Per Capita? Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output per person. Economists use GDP per capita to determine how prosperous countries are based on their economic growth GDP per capita is calculated by dividing the GDP of a nation by its population. Countries with the higher GDP per capita tend to be those that are industrial, developed countries
Once you've worked that out, tell me what the loss of productivity that the OBR is forecasting is down to.
Hint, it's comparative advantage. When you've learned what that is, let me know.
Lol, smashing. You haven't got a clue pal.
There you go again, defending failure
I didn't vote for those idiots, moron.
LOL
Fuck off and learn something before you give it large pal.
The post-Brexit trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU
Productivity, as in GDP per capita. Not GDP.
https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/#assumptions
The 2% target inflation is core or not?
Lol, the OBR said 4% of GDP per CAPITA OVER 15 YEARS
LOL, YOU HAVE ABSOLUTELY NO FUCKING CLUE WHAT YOURE TALKING ABOUT 😂😂😂😂
Find your own sources
https://www.politico.eu/article/the-scandal-hanging-over-ursula-von-der-leyen/
And kindly fuck off now, you're boring
I stand corrected, I thought they used core CPI