Brexit vote has cost each household more than £600 a year, says NIESR

Thinktank says it is ‘almost certain’ leave vote has damaged living standards as it scales back economic growth forecasts

British households are each more than £600 a year worse off following the vote to leave the European Union, according to one of the UK’s leading economic forecasting bodies.

The National Institute of Economic and Social Research (NIESR) said it is “almost certain” the leave vote has damaged living standards and hit the growth potential of the economy. The thinktank also scaled back its expectations for growth in the UK for the next three years.

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