Brexit economy: living standards are falling as the snap election looms

The latest monthly Guardian analysis finds rising prices, sluggish wage growth and a mood of uncertainty among employers as the UK heads to the polls

The pound's sharp fall since the Brexit vote and a mood of uncertainty among employers has hit household budgets, creating a tough economic backdrop for Theresa May's snap election, a Guardian analysis shows.

The prime minister will be hoping the resilience seen in the UK economy will hold over the coming months now that she has called an election for this June. But the Guardian's monthly tracker of economic news shows living standards are already falling as rising prices outpace meagre pay growth.

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