Brexit economy: inflation spike shows the effect of the vote, finally starting to bite

Brexit economy: inflation spike shows the effect of the vote, finally starting to bite

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Voting UK to leave the EU, at last feeding through into the UK economy, based on the Guardian's studies, which shows rising inflation offsetting brisk business for the company. Buoyant consumer spending, unemployment that is low, housing costs, and also the continuing development of the dominant sector of the nation in phrases of services to a strong finish to the season, contrary to earlier forecasts by the Bank of Others and England, that the economy will grind to a standstill. But anxieties are actually increasing on the prospects for 2017, as signs emerge this blow Brexit vote every pound provoking inflation and also the effect of individuals purchasing energy. As the particular date for the start of the withdrawal of the EU negotiation methods, the pound came under new strain in recent weeks and were susceptible to more downward lurches with every mention of political Brexit - most recently by the very first Minister of Scotland Nicola Sturgeon increasing the prospect of a brand new vote for the independence of Scotland.

Full article

https://www.theguardian.com/business/2016/dec/21/brexit-economy-referendum-inflation-uk-2017

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