Britain has voted to leave the EU - but what does it mean for YOU?

Political fallout aside, the historic Leave vote will impact on every part of our lives - from petrol prices to living expenses, mortgages to wages.

Some effects will - and have been - immediate. Others will take more time to be felt.

It is likely buying goods and services from other countries will become more expensive, with the pound plummeting, meaning inflation will be higher.

Goods being flogged from the UK will become cheaper for buyers abroad.

In these uncertain times for Britain’s economy, the path the country will carve is unknown - a voyage in uncharted waters. The true impact on households is not entirely clear.

But we’ve put together these points to give you an idea of what to expect.

Petrol prices

Motorists could be in for a bumpy ride over the price of fuel - according to the AA.

Oil prices slumped on Friday morning - raising fears of a broader economic slowdown that could reduce demand.

But what does that mean?

“Fuel prices will be the biggest immediate concern of drivers with the weaker pound and the Chancellor’s prediction that leaving the EU would lead to fuel duty increases,” said AA President, Edmund King.

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With the pound falling by more than 10 per cent at one point overnight, petrol prices are likely to creep up.

Those supporting Leave say a move to cut fuel duty would combat that. But it could be put up to plug a ‘black hole’ in public finances - if you believe George Osborne’s grim predictions of the rises needed in the event of Brexit.

Put simply, filling your tank is likely to be more expensive in the short-term, with motorists paying the price for a weaker pound.

But it’s hoped the market will ‘correct’ itself, with petrol and diesel prices returning to pre-Brexit levels.

Fingers crossed.

Mortgages, rents and interest rates

Average house price for March

To tackle extra inflation pressures, the Bank of England might raise interest rates, meaning mortgages and loans will be more expensive to pay back.

The Treasury is forecasting a rise of between 0.7 and 1.1 per cent in borrowing costs.

David Cameron reckons the cost of a mortgage could go up by £1,000 a year.

Landlords are likely to pass those increases onto tenants, with rents shooting up.

But, if there is a shock to the economy, the Bank of England might cut rates, meaning lending costs could actually fall and rates would stay put.

It’s anybody’s guess.

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Wages

Put simply, Brexit is going to prove a massive shock to the UK economy.

Some experts say that will see businesses in freefall, with jobs at risk - and unemployment rising.

That would see pressure for wage growth drop.

The Treasury, before the referendum, reckoned wages could be between 2.8 and 4 per cent lower, with Average Joe at least £780 worse off a year.

But we’re still in the EU for another two years. Don’t expect to be looking down the back of the sofa for pennies any time soon, it’s unlikely to be that dire.

Mobile phones

We all jumped for joy when BT and Vodafone capped EU mobile roaming charges.

Bad news...they may no longer apply, with the cost of using your phone in Europe rising.

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But, a future UK government could choose to make European regulations applicable in British law, meaning the price restrictions would still apply.

So, again...it’s anybody’s guess.

Household bills

The Unison union has warned energy bills could rise following the referendum vote, with power supplies more vulnerable in the UK.

Just like petrol, household fuel prices could go up as the pound recovers. Again, as the market adjusts, prices could fall again.

The Leave campaign argued household bills could be cut because the UK would no longer have to abide by EU rules that stop member states cutting VAT below 5pc.