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The real price of Brexit begins to emerge
18 December 2017
Thomas Sampson and colleagues at the London School of Economics have examined the direct effect of sterling’s depreciation since the EU referendum on prices and living standards. With the pound falling about 10 per cent following the June 2016 result, inflation has risen more in Britain than in other advanced economies. It started with petrol prices and spread to food and other goods, pushing overall inflation up from 0.4 per cent at the time of the referendum to 3.1 per cent last month.
Also in:
The National (Scotland)
How much does Brexit cost UK? Around 3350m per week, analysts find
A study by academic Thomas Sampson and some colleagues at the London School of Economics found that 1.7 per cent points of the 2.7 percentage-point rise in inflation over the past year is due to Brexit. Sampson calculates that “the Brexit vote has cost the average worker almost one week’s wages”.
http://www.thenational.scot/news/15780447.Brexit_costs_UK___350m_a_week_say_analysts/
Huffington Post
Brexit hit to UK economy could be £350m a week leavers promised to claw back
Meanwhile, a study by the London School of Economics estimates the referendum vote directly increased inflation by 1.7 percentage points of the 2.7 percentage-point rise in the 12 months following it.
“The increase in inflation caused by the Leave vote has already hurt UK households,” economist Thomas Sampson told the paper.