I think there's less investment in the private sector of most European countries imo - not sure why this is, maybe governments not wanting to invest in companies that'll just take their money or the lack of growth opportunities for companies (along with higher wages).


As supply and demand rings true normally it'll have to change back at some point. People have higher increases in price on essentials so money will be taken from things considered less essential (although a lot of public transport in the UK seems to have undergone legal attempts to make them cheaper - or direct intervention if a government entity holds the contract).


I don't know if this is too much of a problem since the UK (and presumably the nordics) have had bumper harvests this year and the EU still subsidises the bloc when they can't produce crops due to weather conditions so I imagine imports can be sought fairly easily.