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The UK has experienced a sharp slowdown in income growth while inflation has risen, warns the Resolution Foundation think tank.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn't even started yet
07/04/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
Brexit has contributed to far bigger fall in living standards than 1990s recession, research finds
17/07/2019
Real household incomes have fallen by 0.5 per cent over past two years amid pound’s slide and welfare cuts.
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
Worst case forecast ‘now less severe’ but Britain could still face soaring unemployment and inflation, says governor.
Labour Demands Probe Over Claims Financial Backers Of Boris Johnson Stand To Profit From A No-Deal Brexit
28/09/2019
It comes after a searing article by former chancellor Philip Hammond about the PM.
No-Deal Brexit Tariffs Will 'Destroy' British Firms And 'Betray' Farmers, Say Industry Leaders
08/10/2019
Labour says the government "fiddling while Rome burns" as business groups complain they were ignored.
From the outside, nothing much has changed yet. From the inside, however, the UK has undergone a radical and at times ugly transformation. The June 2016 referendum has helped set off a chain of events that has impacted many aspects of life in the country.
With inflation set to rise, alongside the cost of shopping and transport, the economic fallout will squeeze Britons’ budgets.
The Prime Minister has used the Tory conference to downplay the societal and economic impact already being felt around the UK by leaving the European Union.
Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’
Food and drink firms are seeing "terrifying" price rises, a sector trade body has said, warning of a knock-on effect for consumers.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
The next generation will reject Brexit and the way it diminished our country – Europe will welcome us back
03/11/2021
Across the world, there is incomprehension at what we have done to ourselves.
Brexit: The crisis that must not be named
04/11/2021
Now that Brexit has been ‘done’, the British government is refusing to talk about it. But the rapidly escalating crisis in the UK has everything to do with the country’s departure from the EU. The opposition, meanwhile, has gone awol.
Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
Bureaucratic Brexit checks have begun and are hitting British businesses when they’re at their most vulnerable
06/01/2022
Inflation is rising, worker shortages are grinding us down and consumers are hurting, but No.10 is introducing measures which will make the situation worse
The clip was filmed in 2018 as part of a three-part documentary on the US embassy called Inside the American Embassy.
Food bank charity Trussell Trust warns rise in prices will lead to more families relying on grocery handouts
16/02/2022
Three food parcels are handed out to struggling households every minute, as Tesco boss warns worst of supermarket price rises are ‘yet to come’.
Adam Posen, a former Bank of England policy maker, said most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.
Extra trade barriers created by Britain's exit from the European Union and subsequent trade agreement have added 6% to the cost of food, researchers from the London School of Economics and other universities estimated on Wednesday.
Britain has delayed imposing its full post-Brexit import controls on goods from the European Union again, pushing it back until the end of next year, saying it did not want to add more fuel to fast-rising inflation.