brexit economy: uk faces squeeze on living standards /

Published at 2017-03-24 13:30:30

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The latest monthly Guardian analysis finds signs of a slowdown as prices rise and genuine pay shrinks succor fund our journalism by fitting a Guardian supporterBritish households are being warned to prepare for a tightening squeeze on living standards,as a Guardian analysis shows the Brexit vote’s blow to the pound is stoking inflation while pay packets are shrinking in genuine terms.
As Theresa Ma
y prepares to trigger article 50 next week, kicking off the formal process of the UK leaving the EU, and the economy continues to defy the doomsayers who predicted a sudden downturn after the referendum. But signs of a slowdown are now emerging as higher prices put pressure on companies and consumers alike. Related: How has the Brexit vote affected the UK economy? March verdict Related: 'The Brexit vote is starting to have major negative consequences' – experts debate the data Continue reading...

Source: theguardian.com

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