Article 2DHFZ Brexit economy: can consumers keep shoring up the UK?

Brexit economy: can consumers keep shoring up the UK?

by
Katie Allen
from on (#2DHFZ)

The latest monthly Guardian analysis finds cracks showing in the picture of resilience seen since the vote to leave the EU

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Rising fuel and food prices are eating into household budgets as the impact of the Brexit vote on the value of the pound pushes up inflation, according to a Guardian analysis that casts doubt over how much longer consumers can continue to shore up the UK economy.

Cracks are starting to show in the picture of economic resilience seen since last summer's vote to leave the EU. Wage growth is slowing just as people's living costs start taking off. Businesses are also feeling the pressures of the weak pound more intensely as it ramps up the cost of imported raw materials and energy while failing to provide the anticipated boon for exporters.

Related: 'The economy looks set to be slowing again' - experts debate Brexit watch data

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

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