Boris Johnson’s Brexit deal will fuel a £470 real terms cut in workers’ pay, a report claims today.
A study by the Resolution Foundation think tank and London School of Economics warns that while the impact of the Trade and Cooperation Agreement the Prime Minister signed with Brussels will take years to assess, the UK will end up poorer over the next decade.
The Foundation said: “The full effect of the TCA will take years to be felt but this move towards a more closed economy, say the authors, will make the UK less competitive, which in turn will reduce productivity and real wages.
