The country’s withdrawal from the EU free-trade area has fueled the surge in prices, the BoE’s Catherine Mann claims Britain’s departure from the EU and the subsequent trade barriers have contributed to the inflation crisis in the country, Bank of England (BoE) policymaker Catherine Mann has claimed. According to Mann, as cited by Bloomberg, there were signs that the cost-of-living crunch was beginning to abate in the US and the EU, but not yet in the UK. All three had faced shocks to demand and supply driven by the “Covid and lockdown-induced global demand rotation and subsequent supply bottlenecks,” and the ener
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