BONAI, Nigeria — The U.N. World Food Program is predicting that the cost to U.K. households of food will rise by up to 20% as a result of the Brexit vote.
The World Bank also said that the Brexit result will likely result in a significant increase in imports and a decline in the purchasing power of British households.
It expects that Britain’s inflation rate to rise from 3.7% in the second quarter of 2019 to 6.2% in 2020.
Ahead of the referendum, the World Bank said that Britain would likely remain in the E.U. despite the Brexit, and that the UK would likely see a gradual decline in imports.
For Britain, the Emancipation Proclamation has been a key driver of its economic recovery.
The E.P.A. is expected to approve an E.C.O. overhaul in 2019, which will allow the EMA to cut energy-related subsidies to the EMEA.
Despite the economic impact, the U-K.
and the E-E, the two main political parties in the U, are still considering the referendum.
There are many uncertainties ahead, said Andrew Tannock, the head of research at the UBI Foundation.
The economy is expected, however, to pick up, as the UPD is expected increase GDP by 1.2%.
If the referendum results go against the UU and the UK, the country’s economy will suffer from a loss of confidence in its ability to implement austerity measures, Tannocks said.
This is an economic and political decision that the UPU cannot accept, he added.
If Brexit does not lead to a significant decline in inflation and consumer confidence, then it is highly likely that the economic downturn will last until the second half of 2019, Tinsley said.