, Columnist
Post-Brexit Britain Faces a Pay Squeeze
Those Britons who are barely getting by will struggle even more in 2017.
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Don't tell Tiny Tim, but even if Brexit hasn't put a damper on Christmas 2016, next year might be a different story. Come January, Britons will pay 5 percent more for their Lego sets, as the Danish company raises prices in response to the pound's decline in the wake of the U.K. decision to leave the European Union. And if the Office for Budget Responsibility is right, incomes won't increase by anything like enough to match the higher prices of consumer goods.
QuickTake Why Britain is Leaving the EU