Brexit is making cost of living crisis worse, new study claims

Lorries queue on the A20 outside Dover in Kent. Exports to the EU are expected to be 38% lower by 2030 than they would have been inside the union. Photograph: Gareth Fuller/PA

Britain’s cost of living crisis is being made worse by Brexit dragging down the country’s growth potential and costing workers hundreds of pounds a year in lost pay, according to new research.

The Resolution Foundation thinktank and academics from the London School of Economics said the average worker in Britain was now on course to suffer more than £470 in lost pay each year by 2030 after rising living costs are taken into account, compared with what would have followed a remain vote in 2016.