The UK in a Changing Europe blog:
New evidence shows UK households paying high economic price for vote to leave EU
20 November 2017
The first detailed statistical analysis of how the referendum outcome has affected UK inflation, wages and living standards shows UK households are paying a high economic price for the vote to leave the European Union. The report – ‘The Brexit vote, inflation and UK living standards’, finds Brexit is costing the average household £7.74 per week through higher prices – which is equivalent to £404 a year. Higher inflation has also reduced the growth of real wages. The impact of price increases due to the referendum is equivalent to a £448 cut in annual pay for the average worker. In other words, the Brexit vote has cost the average worker almost one week’s wages.