Neil’s narrator adds:
Since the Brexit referendum the UK economy has grown faster than Germany, France and Italy, which are all still in the EU. So much for the Brexit drag.
The higher inflation, higher interest rates and poor fiscal position are overwhelmingly the result of the economic policies of previous Tory governments, exacerbated by the current Labour one, which continued to borrow too much, tax too much, spend too much. Hence the UK’s high gilt yields. Brexit didn’t even have a walk on role.
To summarise my point: Brexit has led to lower growth and higher inflation, thus a worse fiscal position, necessitating higher interest rates and creating more expensive gilts than we otherwise would have had worsening our gap compared to France since 2020. To summarise
@afneil point: the worsening gap with France is purely Truss and Reeves and unlinked to Brexit. Make your own mind up!