Economy | How Brexit is harming financial confidence

Brexit is part of our everyday language – but what does it really mean? When it comes to finances, British employees are still in the dark.

Research from Neyber, a financial wellbeing provider, has found that 56% of 18-34-year olds are uncertain about the impact Brexit will have on their finances – suggesting they may benefit from advice or information from their employer.

And, as the Government fights to come to an agreement on the form that Brexit may take, British people are becoming increasingly unsure. While 35% said they were unsure how their finances would be affected by Brexit in 2017, this year the percentage has climbed to 45%.

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The DNA of Financial Wellbeing 2018 Report

Other events, too, are causing uncertainty to grow. 11% more people say they don’t understand how British politics will affect their finances, 10% more are unsure about the impact of US politics and nine per cent are confused at the result of terrorism.