While opinion varies greatly on the short-term impact, we are closely monitoring potential long-term results, particularly what market basket items could change cost of living allowances in Europe.
How will BREXIT impact your Cost of Living Allowance?
Panic-buying and BREXIT-piling
In recent months, there have been news references to panic-buying and BREXIT stockpiling. In the event of a no-deal BREXIT, some media outlets advise to have a minimum of two weeks’ worth of food, water, and household items, such as toilet paper, for the immediate short-term.