Withdrawal from the EU, the formal procedure which has just begun, has already had a negative impact on the welfare of UK residents. This is evidenced by the results of a study conducted by experts from the Centre for Economic Performance (London).

According to them, Brexit was “an unexpected shock” to the UK economy. The pound sterling immediately after the vote fell by 10%, which is reflected in the value of imports and dispersed inflation (+1.7 percent).

Because of inflation, the average household in the UK was forced to spend a week on a 7.74 pound more than before. For the year, these losses amounted to 404 pounds ($534).

Inflation has reduced real wage growth. Because of the referendum the British workers lost 448 pounds ($592) salary per year is equivalent to the average weekly wage of the worker.

The largest price increase recorded in goods with a high share of imports is bread, dairy products, cereals, coffee, tea, wine. Of non-food products significantly increased prices on furniture, watches and jewelry.

From called referendum of inflation has affected practically all Britons, regardless of income level. Loss as the most rich and the most poor were roughly comparable.

Earlier it was reported that the UK is ready to pay up to €40 billion euros to settle financial obligations to the EU after Brexit.

Brexit cost the British at the cost of a week’s wages 20.11.2017

Share this news

Share to Google Plus
Share to LiveJournal
Share to Odnoklassniki