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Abstract:

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CEP BREXIT Analysis
The Brexit Vote, Inflation and UK Living Standards
Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
November 2017
Paper No' CEPBREXIT11:
Press Release | Full Paper (pdf)
| Technical Paper (pdf)

Tags: brexit; economic uncertainty; trade; eu; inflation; uk living standards

The vote to leave the European Union (EU) was an unanticipated shock to the UK economy that increased uncertainty and reduced the country’s expected future openness to trade, investment and immigration with the EU. Our research examines the observed effect of the Brexit vote on UK living standards since the referendum, focusing on inflation and real wage effects.