Brexit will make people outside London worse off, two reports have found.
Household bills will rise by between £245 and £1,961 a year after Brexit, with a disproportionately adverse impact on lower-income groups and people in Northern Ireland, Wales, the Midlands and the north-east
The Institute for Public Policy Research found that a hard Brexit might reduce inequality between low- and high-income groups, by hitting higher earners in the pocket most.
“Even if we had free-trade deals with every single country outside the EU and went to no tariffs, there is no way things will be cheaper. It is still a negative situation for everybody,” said Duncan Brewer, partner at Oliver Wyman and head of its retail and consumer team.