Economics of Brexit

  • london1
    Permalink Gallery

    The UK should prioritise getting a good deal from the EU over getting a speedy one

The UK should prioritise getting a good deal from the EU over getting a speedy one

In the Brexit negotations, Britain should prioritise getting a good deal from the EU over getting a speedy one. Now it’s more important than ever to embrace free trade and open our economy to the world, writes Simon Walker.
Almost five months on from the EU referendum, politicians are still coming to terms with the complexity of legally disentangling the […]

  • prime_minister_narendra_modi_meeting_british_pm_theresa_may_at_the_2016_g20_summit
    Permalink Gallery

    Indians aren’t impressed with Theresa May’s business offer

Indians aren’t impressed with Theresa May’s business offer

Theresa May’s three-day tour of India marks the start of her attempt to secure post-Brexit business with non-EU countries. Yet the message beginning to emanate from the UK government is: Indians, we want your business, and your high-net-worth business travellers, but the rest of you are not as welcome. Nikita Sud writes that Indians aren’t impressed with the Prime Minister’s offer.

While the UK […]

  • red_roses
    Permalink Gallery

    In the wake of the Brexit vote social democrats must recognize capitalism as a source of injustice

In the wake of the Brexit vote social democrats must recognize capitalism as a source of injustice

Despite the threat of populist nationalists seizing the day in the maelstrom of Brexit, the British centre-left has refused to reconsider its basic understanding of European capitalism. Douglas Voigt argues that for Europe’s sake, social democrats must recognise this economic system as the very source of injustice.

Since June 23, this obstinacy is reflected in the contrast relentlessly expressed by figures in […]

  • 260477261
    Permalink Gallery

    Despite strong GDP data, it is difficult to ascertain what effect Brexit will really have on the economy

Despite strong GDP data, it is difficult to ascertain what effect Brexit will really have on the economy

Four months on from the referendum, it is still hard to establish how much it has affected the economy and what will happen next. Iain Begg analyses the surprisingly strong GDP data published by the ONS on 27 October and asks whether the overall UK economy is as resilient as it seems.

The more extreme projections of a slide into recession […]

Why Britain cannot bank on India for post-Brexit business

The UK’s freedom to directly negotiate its economic relations with emerging economies, including India, has been one of the key arguments of Brexiters. But to think that this would be an easy task in practice would be to ignore India’s economic, political, and other domestic considerations, explains Nikita Sud.
We used to run the biggest empire the world has ever […]

Patriotism: last refuge of a scoundrel, or foundation of a healthy trading state?

Throughout the West, patriotism is on the rise, writes Victoria Bateman. During the EU referendum, the issue of sovereignty was high up the agenda. An outpouring of patriotism came along for the ride – a patriotism that Theresa May has since found herself defending on behalf of Brexiteers. But just how much of a threat is patriotism to the economy? Is it […]

Punishing Britain with a tough Brexit will harm everyone

The mood against Britain in Europe is hardening, with French president François Hollande calling for a tough Brexit to deter other states from leaving. But, argues Stefan Kooths, this is an enormous mistake. The uncertainty will harm everyone involved in negotiations. If Britons are to be convinced of the EU’s benefits – and perhaps one day decide to rejoin – we should […]

Brexit negotiations will be tough. Britain does not hold all the best cards

We still have no real idea of what kind of Brexit Britain is heading towards, writes Iain Begg. What we do know is that we will probably not – despite the claims of Brexiteers – get exactly the deal we want from the EU. The UK’s departure will leave a huge hole in the EU’s budget. Then comes the question of […]

What’s Germany really thinking? Vince Cable, Simon Hix and Jeromin Zettelmeyer discuss Brexit

German economic policy advisor Jeromin Zettelmeyer (far left) joined the LSE’s Simon Hix (near left) and former UK business secretary Vince Cable on 7 September to discuss how Germany plans to negotiate Brexit. How much will Angela Merkel – herself under domestic pressure – be prepared to concede to keep the UK in the Single Market (assuming Britain wants to do so)? What […]

  • 20389123388_93d542dc4c_b
    Permalink Gallery

    When it comes to financial services, the UK has much to lose and little to gain from leaving the EU

When it comes to financial services, the UK has much to lose and little to gain from leaving the EU

Brexit means Brexit, or out means out – and that includes the UK’s exit from the single financial market, writes Karel Lannoo. He argues that with financial services accounting for about 8% of the country’s GDP, it is understandable why the UK attaches immense importance to retaining access to the EU’s single market. But putting a mutually acceptable regime in […]