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Originally Posted by Carth
. . . has been happening long before Brexit, or does your memory only go back as far as the referendum?
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No need to be sarcastic, let's politely disagree.
If we had the greater economic growth that we were due then the Chancellor could afford to relax his tight reign on spending. As it is, we won't. Greater costs from a weakened Pound are putting a squeeze on spending. This is manifesting itself in several ways including contributing to shop and restaurant closures.
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A big factor has been a fall in discretionary spending, spurred by rising shop prices and weak wage growth.
A near 15% fall in the pound since the Brexit vote has pushed inflation over 3% - way above the Bank of England's 2% target. This has made imported goods more expensive, with those costs passed on to consumers.
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http://www.bbc.co.uk/news/business-43240996