3. Britons begin to feel the Brexit pinch - EU and Union flags fly above Parliament Square in central London, Britain. UK households are more than £400/year worse off as a result of Brexit-induced inflation. A report by the Centre for Economic Performance says that even before Brexit occurs, the increase in inflation caused by the 2016 vote to leave the EU has already hurt households. The largest inflationary effects have been on products that are typically imported. An alternative calculation of the loss suggests higher inflation has reduced the real wage of the average worker by about £448, the equivalent of one week’s pay.

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