Brexit vote has cost each household £404 per year

A report by the Centre for Economic Performance has finally proved that Brexit is hitting the living standards of UK citizens, calculating the cost to be over £400 a year per household.

Liberal Democrat leader Vince Cable said:

"This comprehensive study finally nails the lie that the Brexit process has now damaged the economy, and with it the living standards of every British citizen.

"The average household simply can't afford to lose £404 a year at a time when many have not recovered from the financial crisis of almost a decade ago.

"But it didn't have to be this way: if the Conservative government had responded by guaranteeing that Britain would remain in the single market and customs union, the pound would not have fallen so sharply and inflation would not have risen. That was not the fault of how people voted but how the government responded to the vote, embarking on the most extreme and damaging version of Brexit."

Elaine Bagshaw, Parliamentary Spokesperson for Poplar & Limehouse said, "Tower Hamlets is one of the poorest boroughs in the country. People here can't afford to lose over £400 a year - they're already struggling every day. The Tories have been utterly irresponsible on this and Labour have let them get away with it."

Share this post on social media:

Sign in with Facebook, Twitter or Email.