Falling pound makes UK poorer and less powerful
We’ll only get a real sterling crisis if we crash out of the EU - and that’s unlikely. But if we do, we’ll all be poorer. Thanks Johnson.
Falling pound puts pressure on petrol, holidays and Marmite
Leavers laud the boon of weak pound. But consumers are starting to pay for Brexit through higher prices.
Comment
7 things about Brexit we learned this week
August is typically a quiet time for politics. But there has been no pause in the unforeseen consequences of Brexit.
A weaker pound signals a weaker economy
Sterling’s fall is pushing up food prices and other costs but will not help exports much. A slowing economy will squeeze wages. It’s not what people voted for.
Brexit could, in extremis, trigger budget squeeze
A fall in sterling is likely; a banking crisis is most unlikely; a gilts strike is possible, if improbable.