The Financial Impact of Brexit on the UK Economy [Infographic]

Over the past year the Brexit vote has had a significant effect on UK financial services and consumers’ personal finances.

It’s even likely to have negatively affected prices of your favourite chocolate bar.

But what other changes have their been? The graphic below displays an at-a-glance summary of some of the most significant effects of Brexit on the UK economy since the referendum.

Brexit Impact on Financial Services

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How Brexit Has Affected UK Personal Finance

Here is a transcript of the data contained in the image.

  • The number of job vacancies dropped by almost 700,000 in the week after Brexit.
  • 10% of people are now less likely to book a holiday to Europe as a result of the weakening pound.
  • The pound fell 10% – at one point to its lowest level since 1985.
  • 40 per cent of the food we consume is now from overseas, so grocery prices have risen.
  • Cocoa prices for UK buyers have surged to their highest level since 1977.
  • The number of cuts to home-buying asking prices went up by 163% in the 12 days after the referendum result.
  • The FTSE 100 has risen 16% since the eve of the referendum.
  • Growth in the UK’s service sector limped to a five-month low in February 2017.
  • HSBC stopped offering its cheapest ever mortgage – a two year fix at 0.99pc on December 6th 2016. Rates increased across their range of deals.

Want to know mow? Understand further effects of brexit.

Charlie Howells

After finishing his business studies degree at Bath, Charlie has been involved with a number of startups and finance companies. He regularly writes about personal finance and works as an analyst and writer for Best Savings Rate.