I think people also don't give enough credit to the fact that a significant part of why we've had one of the fastest growing economies over the last few years is due to immigrant labour. Who else is going to wait on tables? Wash dishes? Clean your houses? Do your building work? British people won't do those jobs at current pay levels but if you want them to, you'll have to pay more for everything. Oh, you don't want that either....
As it is all our imports will cost a lot more after what happened to GBP. Expect supermarket prices to rise over the next few weeks and the inflation that comes with that. A recession is all but guaranteed as jobs are shed, investment plans shelved and the economy shrinks.
As it is all our imports will cost a lot more after what happened to GBP. Expect supermarket prices to rise over the next few weeks and the inflation that comes with that. A recession is all but guaranteed as jobs are shed, investment plans shelved and the economy shrinks.
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