The Guardian cites a respected thinktank saying that UK’s withdrawal from EU will stoke inflation and peg back wages to below their 2008 level in 2021.
Of course, the squeeze on pay is only half the crisis. There’s also the continued culling of public services as central and local government adjusts to lower projected national income.
Regular readers will know that this blog has repeatedly warned of the economic consequences of Brexit. But the people listened to the Pied Piper and now they must take the consequences.