Originally Posted by
Keyser Soze
Brexit is a partial factor, but if it were the only factor then we would not have seen inflation in the rest of EU and US. So precisely that. The above factors are the combination we are dealing with.
On Global supply chains there are multiple subcauses:
1. Panama canal water levels low, slowing ships through a major Asia > US / Europe / UK transport route, and therefore increasing costs and hitting supply speeds. Some ships have to around Chile and Argentina, creating a massive increase in fuel costs, reflected in final prices
2. Iranian tanker hijacked / stuck in Suez for 18 months ago caused a knock-on impact of Asian trade coming via Suez to the UK / EU. Took twelve months to feed through. Caused a spike in items from China / Asia
3. China lockdown smashing the semiconductor supply chain, hitting all key components of electrical goods from DJ equipment, sound systems, stereos, fridges, freezers and also automobile components. Simply re-opening China wouldn't fix it - it all had to catch up
But more to come. 90% of semi-conductor chips are made in Taiwan via the company called TSMC. In order to sidestep a threat of a China invasion, semiconductor production is being re-shored to the US and to Japan (although that is risky). The labour costs there are Western standard, although it makes it safer from attack. So inflation from that will final prices in big way and that is a long term thing, not a temporary fix.
So its complex. But those saying it's just Brexit are just borderline neanderthals. It plays a fraction of the role in inflation, and the list you supplied covers the global issues causing it. Let the wolves howl in the dark and continue their rent-a-vent.
Pea brains cannot grow, and politically charged debates will never get it. Thank goodness they don't operate on a trading floor. They don't have the skills, they would lose a fortune, and they be sacked in record time. You just cannot think and operate in that biased manner. No wonder so many people's decision making processes in life and barely functional. It is now becoming clearer to me.