Skip to content
Tuesday 25 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,886.16
+0.29%
DAX
26,266.14
+0.61%
CAC 40
8,439.20
-0.16%
STOXX 50
6,455.63
+0.12%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
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

Drive to Survive renewed by Netflix as Formula 1 docuseries gets ninth season

Lando Norris, in an orange racing suit, holds up a white and blue patterned trophy, cheering on a podium.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • Brexit

Trending Articles

  • Andy Burnham hints at tax rises in Autumn Budget

  • Can debt-ridden Morrisons become a Big Four supermarket again?

  • Budget 2026: Which taxes will Burnham and Healey hike?

  • As it happened: Stocks rally; US to unveil ‘economic D-Day’ Iran sanctions

  • Burnham shelves Thames Water administration plans over costs

More from Morning Wire

  • Drive to Survive renewed by Netflix as Formula 1 docuseries gets ninth season

    Sport Business
    Lando Norris, in an orange racing suit, holds up a white and blue patterned trophy, cheering on a podium.
  • Balfour Beatty ups profit forecasts as it defies construction gloom

    Transport & Infrastructure
    Balfour Beatty construction site showcasing cranes, workers, and building progress against a city skyline backdrop
  • Astrazeneca explores $400bn megadeal with US rival 

    Markets
    AstraZeneca building exterior with logo, glass facade, UK flag, and wildflowers in foreground.
  • Government to inject millions into electric vehicle firms despite mandate backlash

    Politics
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Britain has an AI minister – now it needs an AI answer

    Opinion
    Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...
  • Poundland owner eyes sale one year after takeover

    Retail
    Exterior view of a Poundland store entrance with its teal blue signage and glass doors
  • Resurgens Technology Partners Invests in Qarma to Advance the Future of Quality and Compliance

    Business Wire
  • AI powerhouses are betting on London’s future

    Opinion
    Aerial view of Kings Cross St. Pancras station and square, London, with people, buses, and surrounding buildings.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook