Economics of Brexit

On Brexit, Transition, Customs Partnership and Max Fac – a drama in four acts

The Brexit process has had its share of surprising twists and turns. But even seasoned observers were taken by surprise recently when the Sun reported that “Brexiteers urge Theresa May to extend the transition period”. Experts have long agreed that the transition period currently provided for in the Withdrawal Agreement is unlikely to be long enough to successfully negotiate a broad […]

LSE Continental Breakfast 8: ‘follow’, ‘unfriend’ or ‘take a break’? Three Brexit scenarios envisaged

‘Follow’, ‘unfriend’ or ‘take a break’? Reporting on LSE Continental Breakfast discussions held under Chatham House rules among Italian and British economists, policy-makers and the public in Rome in early February 2018, Marina Cino Pagliarello (LSE) looks at the economic and political consequences of the three options still open to the UK. She then outlines the possibility of a Brexit that […]

The strong economy: how Brexit dishonesty began

Responding to the latest fall in GDP, the Chancellor described the UK economy as ‘strong’ and said it was making ‘significant progress’, blaming bad weather for the drop. Simon Wren-Lewis (Oxford University) says the media have been too ready to accept dishonesty from the government about the state of the economy.

The first quarter growth figures for the UK are […]

  • Permalink Gallery

    The Airbus case sits at the heart of the Brexit industrial equation

The Airbus case sits at the heart of the Brexit industrial equation

The Airbus case sits at the heart of the Brexit industrial equation.
If the EU takes an aggressive stance, the UK can penalise Airbus to bring Brussels back to the negotiating table, writes Nicolas Petit (École de Guerre Économique).

While an agreement on Brexit negotiations is far from being reached between the United Kingdom and the European Union, Brussels seems to […]

What will happen to health and social care for British pensioners living in the EU27?

In an extract from Next Steps: Implementing a Brexit deal for UK citizens living in the EU-27, Meghan Benton (left), Aliyyah Ahad, Michaela Benson (right), Katherine Collins, Helen McCarthy, and Karen O’Reilly (Migration Policy Institute) explain how access for Britons who use health, benefits and social care systems in the EU27 will change after Brexit. In Spain – where many elderly Britons […]

LSE Continental Breakfast 7: the business consequences of a breakdown in exit negotiations

The seventh Continental Breakfast seminar at the LSE, held under Chatham House rules, focused on the potential implications that a breakdown of the Brexit negotiations would have for UK businesses. The overall message was that the consequences of such a breakdown – a “no deal” outcome – would be severe. Angelos Angelou (LSE) reports on the discussion.

A “no deal” outcome […]

  • Permalink Gallery

    The Commonwealth advantage: trading with the bloc offers buoyant economic prospects

The Commonwealth advantage: trading with the bloc offers buoyant economic prospects

One of Brexit’s potential advantages is the UK’s freedom to negotiate its own trade deals instead of being dependent on the EU. Of course, trade will continue with the EU after Brexit, probably little changed, and there is little doubt that the EU will continue to be a major trading partner after Brexit. But it is widely expected that […]

EU students at UK universities: patterns and trends

What Brexit will mean for UK universities varies from institution to institution. Much data on Brexit’s impact focuses on sector-wide aggregates, the forest that hides the trees. The UK provides excellent teaching and research, as illustrated by the number of its universities ranked in the top 10, 50 or 100 in the world. Yet despite its world-class reputation, the UK’s […]

EFTA’s model of compliance would struggle to accommodate the UK

Would the Norway model mean the UK was subject to the rulings of a foreign court? Morten Kinander (Norwegian Business School) responds to Øyvind Bø’s recent post for LSE Brexit. Yes, EFTA states are subject to the decisions of their Surveillance Authorities, but they are not formally bound by them in the sense that the state is subject to sanctions. This is […]

  • Permalink Gallery

    Britain is already paying a price for voting to leave the EU

Britain is already paying a price for voting to leave the EU

The full economic consequences of Brexit will not be realised for many years. But 21 months after the referendum, we can start to assess how the Brexit vote has impacted the British economy. Thomas Sampson (LSE’s CEP) summarises what we know so far.

Brexit is yet to happen, but the economic effects of voting to leave are already being felt. How is it possible for the […]