Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Tuesday 05 July 2022 9:44 am

Jacob Rees-Mogg says UK’s economic woes ‘very little to do with Brexit’

By: Jack Mendel

Add as a preferred source on Google
Jacob Rees-Mogg
Economists have warned calls from Tory MPs for Chancellor Jeremy Hunt slash taxes after improved borrowing data emerged show “questionable judgement”.

Jacob Rees-Mogg has insisted the UK’s economic woes are “very little to do with Brexit” with other European countries experience worse problems.

The Brexit opportunities minister made his remarks this morning on LBC, when asked by host Andrew Marr whether the “effect of Brexit has been to raise barriers” on trade and movement.

Rees-Mogg, who was a staunch supporter of the UK’s exit from the European Union, said the country had simply “taken control of our borders, so we now decide who comes in here” which he insisted was a “pretty important gain from Brexit that people wanted.”

This comes as the UK continues to suffer form crippling inflation of more than nine per cent, with the cost of living rising, fuel prices soaring and strikes continuing to loom over the economy.

He insisted that “in terms of people’s concerns economically, these are headwinds faced across the world.”

“The government is tackling a global economic problem. It is an inflationary problem and it is a supply chain problem.”

The economic problems are “very little to do with Brexit” he added, citing external factors such as “cities in China still being closed” and the continuing impact of Covid on the work force.

Current economic issues in the UK have 'very little to do with Brexit' and are 'headwinds faced across the world, Jacob Rees-Mogg insists.

Is he right?@AndrewMarr9 | @Jacob_Rees_Mogg pic.twitter.com/N2G0ObuTXN

— LBC (@LBC) July 4, 2022

He commented that “these are headwinds faced across the world that inflation is running across the world. Germany, has higher food price inflation than the UK does. we’ve had same queues at Heathrow.

“The government is tackling a global economic problem, it is an inflationary problem.”

When asked whether Brexit had increased or decreased red tape, he said the UK government is “looking at the broader global markets.”

” So we’re reducing red tape in relation to other countries. And that’s really important. We could get a trade deal with India by the end of this year. That is more than a billion people. That’s a really fantastic opportunity, which we couldn’t do in the EU because he was too slow and sclerotic to get its act together and negotiate”.

Read more

An apology to Keir Starmer

Keir Starmer

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • Brexit

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Brewdog chief executive quits after only one year

  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

More from City PM

  • An apology to Keir Starmer

    Business
    Keir Starmer
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • ‘Not all sunlit uplands’: Pub bosses weigh in on whether Brexit leaves a bitter taste

    Hospitality
    Tim Martin speaking at a business conference, standing at a podium, discussing economic trends and strategies for growth
  • On this day: Brits vote in referendum that changes everything

    Opinion
    UK flag and EU flag waving side by side, symbolizing Brexit referendum discussions and future political relations.
  • Brexit ten years on: my journey from Remain to Leave

    Opinion
    UK Parliament voting on Brexit Leave decision, politicians in debate, capturing pivotal moment in Brexit negotiations
  • Starmer weighs cut to EU student fees in bid for Brexit reset

    Politics
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.
  • A decade after Brexit, what does the City want next?

    Banking
    European Business Alliance meeting discussing economic growth strategies, with diverse leaders engaging in a roundtable di...
  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy