Running a tab: the economic cost of Brexit

by InFacts | 22.08.2016
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Brexiteers promised that the benefits to Britain of leaving the EU would outweigh any short-term costs. That will depend to a large extent on the outcome of our exit negotiations. What is already clear, however, is that uncertainty over our future ties with Europe is taking a toll on the economy. InFacts is keeping a tally of the main repercussions of Brexit so far. Most of them are negative but a few are positive.

Thursday 25 August

UK retailers see best sales in six months as Brexit slump fades – CBI

Wednesday 24 August

UK mortgage approvals lowest in 18 months

Commercial property market hit by Brexit vote

Tuesday 23 August

UK investment funds suffered £5.7bn outflows after Brexit

UK banks seen losing customers after Brexit – study

UK manufacturing exports orders highest in two years after Brexit vote

Monday 22 August

May under pressure as big project spending slumps after Brexit vote

Friday 19 August

Brexit impact may hold back Co-op bank’s recovery plans, company warns

Thursday 18 August

Treasury document reveals every major bank expects post-Brexit recession

Norway writes down EU properties

Airports start exchanging less than one Euro for each Pound Sterling

Brexit concerns behind Federal Reserve decision not to raise interest rates in July

Wednesday 17 August

UK jobless falls to 1.64 million

World’s biggest banks already planning mass exodus from London after Brexit

Price of farmland falls as concerns over future of EU payments stifles the market

Doctors are leaving for EU already, health chiefs warn

Brexit decision diminishes migrant workers’ wages sent home

Tuesday 16 August

Fuel prices push up UK inflation rate to 0.6%

UK factory gate prices see biggest rise since 2014 after Brexit slump in sterling

Monday 15 August

Employers ‘more cautious’ on hiring post Brexit, survey says

Staycations on rise as Brexit hits the pound

Brexit threatens English language schools

Prices of UK homes for sale see biggest fall in nine months in August

UK space sector fears Brexit will hinder EU contract bids

Thursday 11 August

MoD facing ‘extra £700m costs post Brexit’

UK housing market ebbs after EU referendum – RICS survey

British charities urged to live with loss of EU funding

Peugeot raises UK prices to weather Brexit fallout

Wednesday 10 August

Brexit cost warning sounded by IFS

UK membership of single market worth 4% more in GDP

Brexit fears drive fall in land prices

UK borrowing costs at record lows amid jitters over Bank’s post-Brexit plan

Tuesday 9 August

Brexit will raise borrowing by £60bn

Retail sales rose in July despite Brexit slump fears, report finds

Friday 5 August

UK job market in ‘freefall’ after Brexit vote

UK house prices fall 1% after Brexit vote, says Halifax

Nissan warns future of UK car plant hinges on Brexit exit

Bank of England predicts UK will avoid short-term recession after Brexit vote

Wednesday 3 August

Brexit could herald the end of British fruit and veg sales, producers warn

Charities fear Brexit will lead to increased demand but put funding at risk

Brexit blamed for fall in crowdfunding deals

Farmer and rural business in limbo amid Brexit cash freeze

UK shoppers feel bite as grocery prices rise

Tuesday 2 August

UK construction activity deteriorates further after Brexit vote

Brexit fears prompt City workers to seek redundancy cover

Monday 1 August

UK manufacturing shrinks at fastest pace in over three years after Brexit vote

Week of 25-31 July

Ford considers closing factories and raising prices in Europe in the wake of Brexit

Third of foreign students less likely to come to UK after Brexit

Brexit shockwaves hit consumers, wages and construction

ITV to cut costs as Brexit uncertainty threatens revenue

Reducing immigration could strain Britain’s public services further

No US-UK trade deal ‘until Britain’s EU relationship clearer’

UK suspended payments from £3bn EU development fund days after Brexit vote

Ryanair to ‘pivot’ away from UK amid post-Brexit uncertainty

Manchester warns funding for ‘wonder material’ graphene at risk after Brexit

Erasmus exchange scheme may ban British students after Brexit

Brexit heightens global economic risks, says G20

Week of 18-24 July

Brexit causes dramatic drop in UK economy, data suggests

Funding concerns for UK’s northern business after Brexit vote

Brexit could force multibillion-pound projects to be scrapped, says NAO chief

Unilever warns shoppers of rising prices after Brexit vote

British strawberries could be wiped out by Brexit, farming leaders warn

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Former fisheries chief brands UK’s post-Brexit plan an ‘illusion’

WizzAir to cut planned UK routes due to Brexit vote

Hiring Brexit experts will ‘cost billions’

Brexit vote knocks UK manufacturers’ confidence to two-year low

Week of 11-17 July

Brexit blow to family finances will be significant, says Bank

Housing market ‘falters amid Brexit campaign and vote’

Brexit will force EU countries to make ‘deeper, costlier carbon cuts’

Brexit has added £245 to the price of a family holiday

Cost of fuel increases since EU referendum

UK scientists dropped from EU projects because of post-Brexit funding fears

Some buyers using “Brexit clause” to drop UK commercial property deals

Week of 4-10 July

Post-Brexit sterling decline will cost poor countries $4bn, claims study

France overtakes Britain as world’s fifth-largest economy as Brexit fears hit markets

More property funds suspended as Brexit tremors continue in the City

Universities already feeling post-Brexit pain

Week of 24 June – 3 July

Carney prepares for ‘economic post-traumatic stress’

EasyJet opens talks over post-Brexit HQ move

Government bond yields fall to fresh record lows led by UK Gilts

Osborne abandons 2020 UK surplus target

Vodafone among firms that may move HQs from post-Brexit Britain

Chaos ahead after Brexit vote, says UK’s food and drink industry body

Many companies plan to implement Brexit hiring freeze

NFU president: Food prices set to rise

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Categories: Economy, Post-Brexit