The Brexit hit to living standards

The referendum vote is already costing UK households according to Nottingham economist, Dr Holger Breinlich.

Ahead of Wednesday's Budget the first detailed analysis of how the Brexit vote has impacted inflation, wages and living standards, has been released.

It shows that UK households are already paying a high economic price and that Brexit is costing the average household £7.74 per week through higher prices – equivalent to £404 a year.

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