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Preparing for 'Brexit,' Britons feel the pinch at home

The economic backdrop of political uncertainty unfolds May as her party lost the governing majority

Peter S Goodman | NYT 

Right about now, Eddie Stamton, a construction worker, would normally be making preparations to jet off to a sandy stretch of the Mediterranean for a summer holiday. Not this year. In the year since Britain’s shocking vote to abandon the European Union, the British pound has surrendered 13 percent of its value against the euro, raising the cost of cherished European vacations. Food from other lands — meat, cheese, wine — is more expensive, too. So is gasoline. Accelerating inflation may help explain the stunning electoral rebuke of Prime Minister Theresa ...

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First Published: Mon, June 12 2017. 23:13 IST