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The super rich prepare for Brexit whilst the rest struggle.

September 16, 2019 12:00 PM

The super-rich are also importing more luxury cars ahead of the Brexit deadline Lib dems Join (Lib Dems .org)reported the Guardian (12/8) In order to avoid tariffs that might be introduced following a hard Brexit more than 3,800 luxury cars were imported in the past year, a 16% increase on the previous 12 months, according to the law firm Boodle Hatfield.

"A no-deal Brexit could mean luxury car imports become 32% more expensive overnight," Fred Clark of Boodle Hatfield said.

Meanwhile, Reuters (London) report that:

Mortgage lenders' claims for home repossession in England and Wales rose to the highest since late 2014 during the three months to June, according to official data that add to concern about households' finances.

Britain's Ministry of Justice recorded 6,179 claims in county courts for repossession, a 39% rise compared with a year ago and the biggest annual increase since the financial crisis.

So are we all be saving for a rainy day?

No, the household savings rate - a measure of how much households save out of their disposable income - stands near a record low and the number of people falling into financial distress has increased over the past 18 months.

Little wonder therefore Therese Coffey MP, new Secretary for Work and Pensions in the Brexit Government and Suffolk Coastal MP, that under your under funded roll out of Universal Credit people are having to turn to Foodbanks Off portrait of Dr Thérèse CoffeyAttribution 3.0 Unported Chris McAndrew (Attribution 3.0 UnportedChris McAndrewhttps://beta.parliament.uk/media/CsHBoP4f)


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