Jim Leaviss: The Brexit vote - one year on

One year on from the Brexit vote and a number of its knock-on effects for the UK economy are still very much in focus. Sterling's steep decline, for example, was among the immediate headlines after the referendum and the currency's lower value has persisted to become the main driver of rising inflation. In turn, this ‘cost-push' (= ‘bad') inflation is straining consumer confidence and real income levels, which is a headwind that will need close monitoring in the UK's heavily consumption-driven economy. It is a key point just noted by Bank of England governor Mark Carney in his Mansion Ho...