High street spending is booming, inflation remains low, unemployment is the lowest it’s been for more than a decade. But it would be a very unwise chancellor who said Britain had escaped this vote unscathed. The UK currency was hammered by the Brexit vote and is down aabout 10% against the euro and 16% against the dollar since the referendum. The OBR’s conservative forecast is for unemployment to nudge up to 5.2% next year from 5% this year. But in the longer-term they are forecast to lose out as protracted Brexit negotiations hit trade.

Source: The Guardian November 23, 2016 20:04 UTC