Herald Scotland:
Brexit makes people poorer with more pain on the way, warns study
1 June 2017
Although last year’s vote to quit the European Union has had “no obvious effect” on GDP growth, the collapse in the value of the pound – down 13 per cent against the US dollar and nine per cent against the euro by the end of April – has fuelled a surge in inflation from 0.5 per cent to 2.7 per cent and a fall in real wage growth from 1.3 per cent to minus 0.5 per cent, the report from the London School of Economics Centre for Economic Performance found….
Co-author Thomas Sampson said Labour and the Conservatives plans to “take back control” rather than making Brexit work for the UK economy would “inevitably” be bad for living standards…
Related publications
CEP Election Analysis: ‘Brexit and the UK Economy’, Swati Dhingra and Thomas Sampson. May 2017 Paper No' CEPEA040: http://cep.lse.ac.uk/pubs/download/ea040.pdf
CEP BREXIT Analysis: ‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen. March 2016. http://cep.lse.ac.uk/pubs/download/brexit02.pdf
Related links
CEP Brexit 2016 webpage: http://cep.lse.ac.uk/brexit/
CEP Election 2017 webpage: http://cep.lse.ac.uk/election2017/default.asp