It is so much simpler to interpret the UK economy if you attribute every single problem to Brexit. But it is also wrong.
Last week, for example, the EU statistics agency Eurostat released preliminary data suggesting that consumer price inflation in the euro area fell from 8.5pc in February to ‘just’ 6.9pc in March, including a drop from 9.3pc to 7.8pc in Germany. The pain in Spain may already be over, with inflation there expected to be a balmy 3.1pc.
In contrast, the UK consumer price (CPI) measure rose to 10.4pc in February. The March data (out on 19 April) will probably still be around 10pc. Cue the predictable cries of ‘it was Brexit wot done it!’, from all the usual suspects.
However, even the briefest of glances below the hood tells a very different story. The gap between inflation in the UK and in the rest of Europe can…
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Utopia, you are standing in it! 
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