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The increases would come from hefty tariffs on imports and the cost of increased border checks on food coming into the country.
Currency has dropped 1.5% over past two trading days, and has flirted around the $1.30 mark
Sterling has lost two cents against both the euro and dollar amid City fears of no deal.
How has the Leave vote affected the UK economy, ask Swati Dhingra and Thomas Sampson (LSE) in this second of two blogs based on the CEP Election Analysis briefing on Brexit.
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.
New research carried out by Tourism Ireland has found that a growing number of people in Britain are booking their holidays later and will take fewer short breaks than normal in the next 12 months because of Brexit.
Retirees suffer ‘real hardship’ and fear Brexit will impoverish them further, says Jeremy Morgan QC
‘The level of food waste is morally reprehensible,’ says National Farmers’ Union chair.
The UK economy is 2.9 per cent smaller than it would be ... model also shows that the biggest victim of the Brexit vote has been business investment, while the weaker pound has failed to foster the big gains in exports that some Brexiters hoped for.
The UK government has announced a ban on some drug exports to protect NHS patients' access to medicines.
Pharmaceutical industry leaders want a temporary ban on drugs exports to prevent the NHS being hit by shortages in the event of a no-deal Brexit.
‘They are shorting the pound and the country’ warns Nick Macpherson of Boris Johnson’s hedge fund supporters.
It comes after a searing article by former chancellor Philip Hammond about the PM.
Rachel Johnson reveals her suspicion that Boris Johnson's behaviour may down to pressure from investors who have invested billions in shorting the pound and the economy.
Sterling rallies as PM’s grip on power slips.
Sterling jumped 1% against the dollar on Wednesday to trade above $1.22 for the first time since Aug. 30, after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit.
It came after the pound slid to a three-year low on Tuesday as investors braced themselves for a turbulent day in Westminster.
The pound fell to its lowest level since October 2016.
Britain's Prime Minister Boris Johnson will suspend Parliament for more than a month before Brexit, enraging opponents and raising the stakes in the country's most serious political crisis in decades.
UK-listed firm is latest to be targeted by a foreign buyer since pound weakened amid Brexit fears.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
The five key metrics are not pointing to anything good.
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
As the British pound continues its fall against the Euro many headlines have focused on holidaymakers getting less spending money - but for people in France and Spain with an income from the UK, the situation is a lot more serious.
If no-deal Brexit goes ahead, the pound could be worse than a US dollar, exceeding the current record lows.