This is an example why exiting global cooperation such as the European Union is bad for the economy. Another side effect may be that For example the real estate market in London goes lower due to less foreign professionals competing for housing. Plus the price of vegetable at the supermarket will be higher due to more expensive imports from Holland the gardeners of Europe and Spanish fruits being more expensive. There is a benefit less carbon emissions from transport. Amazon selling less may be good for the local economy in that local producer can sell more local made products. Consumers will be hurt as they can buy less goods for the same amount of money.
As a European I hope UK will want to rejoin the EU. This will take time. I see price inflation in UK due to less foreign trade will lead to price increases. Inflation will make central banks raise interest rates which will make it more expensive with mortgages. I guess this was not the story UK brexit politicans sold to the UK people. And yes less income less income to UK national health service in form of taxes which was also not what was sold by politicians. Hope UK will rejoin EU soon. Frankly post Covid-19 the question is if UK can afford to exit EU.
As a European I hope UK will want to rejoin the EU. This will take time. I see price inflation in UK due to less foreign trade will lead to price increases. Inflation will make central banks raise interest rates which will make it more expensive with mortgages. I guess this was not the story UK brexit politicans sold to the UK people. And yes less income less income to UK national health service in form of taxes which was also not what was sold by politicians. Hope UK will rejoin EU soon. Frankly post Covid-19 the question is if UK can afford to exit EU.