Channel 103:
Brexit vote 'has made households #400-a-year worse off', say researchers
20 November 2017
A report from the Centre for Economic Performance (CEP) says the average household is paying £404-a-year extra on food and household items due to rising prices. After the EU referendum vote, the falling value of the pound in comparison with most other currencies has seen the cost of many imports increased. The CEP, which is based at the London School of Economics (LSE), said the impact of the price increases is equivalent to a £448 cut in annual pay for the average worker – the equivalent of one week’s pay. Dr Thomas Sampson, who co-wrote the research, said: “Even before Brexit occurs, the increase in inflation caused by the Leave vote has already hurt UK households.