Love Actually… more expensive than pre-Brexit?

Iain Begg is a Professorial Research Fellow at the European Institute at the London School of Economics and Senior Fellow on the ESRC’s UK in a Changing Europe initiative.

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As Lysander put it in A Midsummer Night’s Dream, ‘the course of true love never did run smooth’. Now it also has to contend with the consequences of the Brexit vote. The fall in the pound since the referendum means that any commodities for which there is a world price, often denominated in dollars, suddenly became more expensive. This applies to oil and many other raw materials, but also to those two essential ingredients of the engagement ring: gold and diamonds. Continue reading