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  So blatant now that even the BBC are reporting it.
  
  Brexit factor at play
  
  The obvious question posed to Mr Bailey was about a Brexit factor here. Economists predicted that Brexit would make the trade off between inflation and growth more difficult, both because of trade barriers and labour shortages.
  
  If forecasts of UK underperformance turn out to be true, then this would be consistent with a Brexit factor at play, making inflation more stubborn than elsewhere, and perhaps requiring interest rates to be hiked higher.
  
  A smaller pool of workers should mean the UK labour market is now less flexible. The British Chambers of Commerce yesterday implored the government to review urgently its shortage occupation list, as hotels and restaurants turned away clients amid staff shortages.

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