‘No-deal’ Brexit likely to hit low-income families hardest

Sharp price rises could cost average household £260 a year if UK leaves EU without a trade deal while richest will be least affected

Leaving the European Union without a trade deal would likely result in a sharp increase in prices for food and other goods, costing the average UK household £260 and hitting low-income families hardest, according to new research.

Following Theresa May’s attempt in Brussels on Monday night to unblock Brexit talks, a joint report by the Resolution Foundation thinktank and academics at Sussex University predicted that “just about managing” families in the UK’s poorer regions had most to lose from the negotiations failing.

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