An average amount of 404 pounds ($534) is lost by British families after the referendum concerning the exit of the country from the European Union (Brexit). This was inferred from the research published by the Center of Economic Indicators of the London School of Economics, TASS reports.
According to the research, the exit of the UK from European Union negatively affected the inflation rate, the real wages and the standard of living in the UK. Brexit now costs the households 7.74 pounds ($10.23) on average, which equals 404 pounds ($534) in a year.
The research states that because of the inflation, during a year an average worker loses a sum, that is equal to a weekly pay of labor. Moreover, the highest portion of inflation is observed on the imported goods, such as bread and cereals, dairy products, coffee, tea, cocoa, wine, beer, furniture, jewelry and watches.
Because of the inflation Scotland, Wales and the North Ireland suffered the most, London was least affected.