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Burnham baby burn
- The removal of yet another UK Prime Minister raises the risk of a further shift in economic policy.
- The incoming PM will face the same economic challenges of his predecessor, with economic growth moribund, public debt set to rise further, inflation consistently above target for two years, and the Bank of England forced to maintain interest rates at near 4%.
- On the tenth anniversary of Brexit, business investment stands out as the most obvious area of damage following the rupture with the EU market. While services exports from the UK have held up well, goods exports have fallen, as UK firms have faced increased red tape and costs in trading with EU countries.
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