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UK on brink economic ABYSS because of Brexit - GLOATS German website

After yesterday’s hostile press conference between David Davis and Michel Barnier, questions have been raised about the possibility of staying in the EU with one German news organisation claiming “experts” Tony Blair and Nick Clegg are among those who could reverse the decision to leave.

In terms of economic factors which illustrate Britain’s weakened position, the website, which begins the article “the British do not know what they want”, lays out eight facts showing some stark changes for Britons now, compared with the state of the UK economy before the EU referendum.

The decline of the pound, which has lost 15 per cent of its value since the Brexit vote, leaves the euro in a much stronger position. 

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brexit germany eu referendum britain economyGETTY•REUTERSBritain's economic downturn has been highlighted by German media

After several years of slow growth the economies of eurozone countries are performing better, the euro is now at an eight-year high against the pound.

The website also cites the increasing costs of food and production, with future prices set to hit UK consumers harder as manufacturers are unable to continue absorbing the higher costs and are forced to pass them on to the British public.

The increasing prices have had an impact on

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