https://www.chroniclelive.co.uk/news...north-14861963
Brexit means Brexit does mean Brexit.
Prices will go up in the North East because of Brexit, new research has found.
The cost of living could rise by 3% in the region, according policy think-tank IPPR.
And the North will be hit harder than London.
That’s because housing costs, which Londoners spend a higher proportion of their income on, won’t be affected much by Brexit.
However the cost of petrol is set to increase. This hits people outside London harder because they are more likely to drive, while people in the capital are more likely to use public transport.
Prices will rise by 3% in the North East if there is a “hard Brexit” with no new trade deal with the EU, but will rise by 1.5% even if there is a deal.
This is on top of the usual impact of inflation each year, which tends to be matched by wage increases for many workers.
The cost of living could rise by 3% in the region, according policy think-tank IPPR.
And the North will be hit harder than London.
That’s because housing costs, which Londoners spend a higher proportion of their income on, won’t be affected much by Brexit.
However the cost of petrol is set to increase. This hits people outside London harder because they are more likely to drive, while people in the capital are more likely to use public transport.
Prices will rise by 3% in the North East if there is a “hard Brexit” with no new trade deal with the EU, but will rise by 1.5% even if there is a deal.
This is on top of the usual impact of inflation each year, which tends to be matched by wage increases for many workers.
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