Leavers should be ashamed of the harm yet to come from Brexit

Theresa May’s new government is unshowy and serious for a good reason: there are sobering times, and sobering budgets, ahead

No one can accuse the English of not being perverse! A number of post-referendum analyses have produced some intriguing results. Many of the areas of the country that were the most obvious beneficiaries of funds from Brussels or the European Investment Bank in Luxembourg voted to leave the European Union. And, although the initial impression that there was a big protest vote in the north seems to have been borne out by further study, it also emerges that the number of Leave voters in the north was easily exceeded by those in the more prosperous south.

Bogus claims about “sovereignty”, and ill-judged bleating about “Brussels”, influenced many people I met, even before we were presented with the results. This was one reason why I expressed such nervousness in advance, the other being that most people did not seem to appreciate that, in the last month or so, most of the bets with the bookmakers were on Brexit even though the quoted odds were distorted by the weight of big money that had been placed earlier on Remain: that was before everything in the campaign seemed, from the point of view of us Remainers, to go wrong.

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Think jobs, spending and house prices seem Brexit-proof? Fingers crossed for next year

The positive economic data of the past week could be testament to the wisdom of UK households, but it’s more likely to be testament to Bank intervention. And how long can that protect us?

Almost two months after the Brexit vote, Britain’s economy remains in rude health. Unemployment is at its lowest for 10 years, inflation remains low and consumer spending in July was strong.

The doom-mongers who predicted a panic in the aftermath of the referendum were wrong. Even house prices have continued to rise, unaffected by the prospect of the UK being outside the EU in a couple of years’ time.

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Public confidence in UK economy recovers after Brexit vote, survey finds

Markit household finances index suggest people have taken heart from response by politicians and the Bank of England

The British public’s confidence in the economy recovered in August as the country appeared to shrug off concerns that the Brexit vote would harm prospects for jobs and higher wages.

The rebound in sentiment followed a slump in July as consumers fretted about the impact that leaving the EU would have on disposable incomes.

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Airport bureaux de change offering less than a euro for a pound

Holidaymakers at Luton and Stansted receive poor rates as slump in sterling continues to drive up costs following Brexit vote

Holidaymakers are finding that £1 buys less than a euro at some airports’ bureaux de change, as the slump in sterling drives up holiday costs.

In the week that sterling slipped to a new three-year low against the euro following the Brexit vote, researchers found that bureaux de change at Stansted and Luton airports were offering just 99 cents for every pound exchanged.

Related: Inflation figures suggest no Brexit effect. Is that really the case?

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Number of EU nationals working in Britain tops one million

UK employment hits record high after number of EU workers increases by 90,000 in months leading up to referendum

More than 1 million workers from eastern Europe are working in Britain following a rise in the number of foreign nationals entering the labour market before the Brexit vote.

The total number of EU workers employed in the UK increased by almost 90,000 in the three months to the end of June, pushing the overall employment rate to another record high in statistics, which were published on Wednesday.

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Brexit vote has created instability for banking sector, says Santander

Economy has been hit too, adds bank as it lists risks to its business, including the possibility of negative interest rates

The Brexit vote has created instability for the UK banking sector and the wider economy, according to one of the UK’s biggest high street lenders.

Spanish-owned Santander issued the warning in a half-yearly trading update a day after it cut the interest rates on its popular 123 current account by half to 1.5%.

Related: UK inflation hits 20-month high, but ‘no obvious Brexit effect’ – business live

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First post-Brexit data shows UK inflation rose to 0.6% in July

ONS records rise in fuel, alcohol, hotel and restaurant prices with analysts warning that Brexit’s impact on inflation is yet to be felt

Inflation rose to the highest level in 20 months in July, with the consumer prices index ticking up to 0.6% last month from 0.5% in June, according to the Office for National Statistics.

City economists warned of steeper prices rises in the coming months as the full impact of the weaker pound following the Brexit vote is felt.

Related: UK inflation hits 20-month high, but ‘no obvious Brexit effect’ – business live

Related: UK rail fares to rise by 1.9%

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Brexit vote has made businesses pessimistic, surveys show

Two studies suggest increased pessimism and unwillingness to recruit workers as economists raise fears about UK economy

The Brexit vote has made businesses more pessimistic about their chances of success in the next 12 months and bosses have become less confident about hiring staff, two surveys show.

The comments come as economists register their concerns about the immediate prospects for the UK economy following the EU referendum, along with warnings that dire predictions might lead businesses to “batten down the hatches” and create a self-fulfilling prophecy of an economic slump.

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