Inflation could soar to 4% next year amid impact of Brexit says the National Institute of Economic and Social Research (NIESR).
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The CBI predicts that the fallout will start to take full effect next year.
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And it also said a return to inflation was inevitable with prices expected to turn higher in the first quarter of 2017
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http://news.sky.com/story/cbi-slashe...rexit-10641203
Brexit is so complex it could overwhelm politicians, warn senior academics.
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“Brexit has the potential to test the UK’s constitutional settlement, legal framework, political process and bureaucratic capacities to their limits – and possibly beyond,” Menon said.
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Prof Anand Menon also said: “An irritating aspect of the current debate is the tendency of Brexiters to accuse those who warn of difficulties of ‘talking Britain down’. It’s a good line but a pathetic argument. Since when was rational debate a bad thing? Forewarned, surely, is forearmed, and this report will help identify potential stumbling blocks ahead.”
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https://www.theguardian.com/politics...hanging-europe