Brexit is making cost of living crisis worse, new study claims

The Guardian says BRITAIN’S cost of living crisis is being made worse by Brexit dragging down the country’s growth potential and costing workers hundreds of pounds a year in lost pay, new research claims.

Brexit is making cost of living crisis worse, new study claims

The Guardian says BRITAIN’S cost of living crisis is being made worse by Brexit dragging down the country’s growth potential and costing workers hundreds of pounds a year in lost pay, new research claims.

The Resolution Foundation thinktank and academics from the London School of Economics said the average worker in Britain was now on course to suffer more than £470 in lost pay each year by 2030 after rising living costs are taken into account, compared with a remain vote in 2016.

In a report six years on from the referendum, the researchers said Brexit was damaging the competitiveness of UK exports on the world stage just as companies are forced to deal with the fallout from the coronavirus pandemic and Russia’s war in Ukraine pushing inflation to historic levels.

“A less open Great Britain is expected to be poorer and less productive,” it said.

Read on

https://www.theguardian.com/politics/2022/jun/22/brexit-is-making-cost-of-living-crisis-worse-new-study-claims

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