As we all know Brexit has not happened yet, however the UK economy already appears to be straining under the uncertainty of our withdrawal from the EU.
Food prices are rising, property prices in London are falling, sterling has dropped against other currencies and large sections banking sector appears to be planning to shift operations to Frankfurt.
Now the National Institute of Economic and Social Research (Niesr) have said that as sterling has plummeted since the vote back in June 2016, has held back the UK economy. Worryingly others nations have accelerated their growth rates.
Niesr economists have said that all of the Brexit turmoil has “almost certainly” cost £600 each per year per UK household.
These influential economists will announce today that UK GDP will only increase by 1.5 per cent in 207 and 2018 down from the 1.8 growth the previous year.
Since you’re here …
We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing.
Every penny we collect from donations supports vital investigative and independent journalism. You can also help us grow by inviting your friends to follow us on social media.