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Trade and worker deskilling: how the post-Brexit pound has hurt Britain’s workers

Author

Listed:
  • Rui Costa
  • Swati Dhingra
  • Stephen Machin

Abstract

The unexpected result of the Brexit referendum, working through the rapid depreciation of the sterling, has hurt British workers. New CEP work shows that the big drop in the value of the pound caused a rise in import prices, which has led to a fall in both wages and training for workers employed in the most heavily hit sectors.

Suggested Citation

  • Rui Costa & Swati Dhingra & Stephen Machin, 2019. "Trade and worker deskilling: how the post-Brexit pound has hurt Britain’s workers," CEP Brexit Analysis Papers 15, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepbxt:15
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    File URL: https://cep.lse.ac.uk/pubs/download/brexit15.pdf
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    More about this item

    Keywords

    Brexit; EU; Trade; Wages; Jobs; Skills;
    All these keywords.

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