Trade and deskilling: how the post-referendum sterling depreciation hurt workers
The unexpected result of the Brexit referendum, working through the rapid depreciation of sterling, had a sizable negative impact on UK workers. New CEP work by Rui Costa, Swati Dhingra and Stephen Machin shows that the big drop in the value of the pound caused a rise in import prices, which has led to a fall in both wages and training for employees in the most heavily hit sectors.
1 July 2019 Paper Number CEPCP551
This CentrePiece article is published under the centre's Labour markets programme.