Article 2A611 Brexit economy: weak pound stokes inflation as jobs market cools

Brexit economy: weak pound stokes inflation as jobs market cools

by
Katie Allen
from Economics | The Guardian on (#2A611)

The latest monthly Guardian analysis finds a spending slowdown and article 50 jitters pointing to a challenging year

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The pressure on the pound from Britain's vote to leave the EU is stoking inflation, denting household finances and putting a brake on spending, according to a Guardian analysis.

Official figures this week are expected to confirm the economy enjoyed a strong finish to 2016 as companies and consumers continued to shrug off the shock of the Brexit vote. But signs of a spending slowdown, corporate jitters around the triggering of article 50 and rising prices point to a more challenging growth outlook in 2017.

Related: How has the Brexit vote affected the UK economy? January verdict

Related: 'It's a crisis that keeps on hurting' - experts debate Brexit watch data

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