Impact of Brexit weighing on UK economy: IMF

The IMF said that despite a strong recovery in global growth, the impact of Britain’s decision to exit the European Union has weighed on the economy.

The IMF said that despite a strong recovery in global growth, the impact of Britain’s decision to exit the European Union has weighed on the economy.

"The sharp depreciation of sterling following the referendum pushed up consumer price inflation, squeezing household real income and consumption.