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Rising Inflation and Slow Growth Confirm Post-Brexit Fears

  • As per reports, consumer confidence in the UK is at its lowest in recent years with rising inflation, increasing living costs, greater job losses and low GDP growth, all contributing to an overall pessimism.

    After initial optimism by a large section of people on the positives of Brexit, ground reality is only now emerging with several companies announcing plans to relocate jobs outside the UK. The pressures of job losses and rising living costs are beginning to show and now increasing numbers are questioning UK’s wisdom in favour of Brexit. 

    To add to the uncertainty, British Prime Minister Theresa May has called for an early snap election, the results of which could well add pressure to the economy.