One of the UK’s core selling points has always been its commercial geography — between North America and continental Europe. But, at the moment, it is getting the worst of both worlds. As Andrew Bailey, the Bank of England governor, warned last week, the UK economy is “weakening rather earlier and somewhat more than others”. The country will face “a further step-up” in inflation later this year — and its prices problem will have “more persistence”. Like the US, Britain had a strong post-Covid surge. But two years of pent-up demand and changed tastes were unleashed on an economy that proved unable to satisfy them. This fuelled rapid growth, but the mismatch between supply and demand also generated inflationary heat.
一直以来，英国的核心“卖点”之一就是它在贸易上的地理位置——位于北美与欧洲大陆之间。但眼下它在两边都在碰壁。正如英国央行行长安德鲁•贝利(Andrew Bailey)上周所警告的，英国manbetx20客户端下载 “转弱比其他国家早了很久，也严重了一些”。这个国家今年晚些时候将面临通胀的“进一步上升”——而且它的物价问题将会“更持久”。