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Brexit: It giveth… and it taketh away… March 29, 2017

Posted by WorldbyStorm in Uncategorized.
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And…

Speaking of negative effects of Brexit. The Economist Intelligence Unit said London is cheaper than New York for the first time in 15 years, and that relative prices in Manchester have fallen so far that the cost of living in the city is now on a par with Bangkok.

But:

“While the declines mean that British cities are cheaper compared to their international peers, the rise in import prices caused by the weak pound will mean that locals won’t see their own shopping baskets falling in price. In fact the opposite is likely to be true and, while UK cities fell down the ranking local prices for the basket of goods surveyed have begun to creep back up,” said the EIU.

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