Economics of Brexit

Britain can make a great success of (a clean) Brexit

How will Britain fare outside the European Union? Can Britain and the EU maintain good relations, despite testy Brexit talks? In “Clean Brexit” Liam Halligan and Gerard Lyons offer a vision of how Britain could make a great success of Brexit. If the negotiations go well, the UK could become an inspiration for voters elsewhere in Europe who have long demanded […]

Does Scotland really want to stay in the single market without a say in the rules?

The Scottish government has made a strong case for staying in the single market and the customs union, writes Kirsty Hughes (Scottish Centre on European Relations). It contrasts with the lack of detail from either the UK government or the Opposition – though glosses over the democratic implications of leaving the UK with no say in the running of […]

  • Permalink Gallery

    Passporting remains the best option for UK financial services industry post-Brexit – or New York may have the last laugh

Passporting remains the best option for UK financial services industry post-Brexit – or New York may have the last laugh

After Brexit, UK banks will lose their passporting rights — which allow financial companies authorised in the UK to sell their products across the European Union. This would damage the reputation and status of the City of London as Europe’s leading financial centre, writes John Ryan (LSE). 

Cities in the EU such as Frankfurt, Dublin or Paris are attracting some business from […]

After a period of resilience, things appear to be turning sour for the UK economy

Eighteen months on from the referendum, it is still far from clear what effect the Leave decision has had and, more importantly, will have on the British economy. Although the worst excesses of ‘project fear’ have justifiably been debunked, writes Iain Begg (LSE), recent indicators suggest the UK economy has been less resilient than it first appeared.

In the second […]

The migrant labour shortage is already here, and agri-tech can’t yet fill the gap

Crops have gone unpicked and unharvested because of a growing shortage of agricultural labour. Richard Byrne (Harper Adams University) explains why farming is so dependent on workers from eastern Europe and why some have already left, or chosen not to come to Britain this year. Agri-tech is not going to fill the gap immediately, and the UK needs to […]

Brexit could be an opportunity for the Welsh economy

Brexit could be good for Wales, writes James Foreman-Peck (Cardiff Business School). EU models of regional aid relied on a stand-alone conception of the Welsh economy, but in fact the country is deeply interlinked with the neighbouring English regions and cities. In a European Free Trade Area like the one Britain originally wanted to create, Wales’ strengths – such as […]

Regional visas could work, but whether they are a good idea is a political rather than an economic question

Should the UK introduce subnational visas after Brexit, so that immigrants would only be able to work in a particular region? Several advocacy organisations and politicians have mooted the idea. The Migration Observatory looks at the pros and cons of such a scheme. Although the regions of the UK have very different labour needs and levels of population growth, the question […]

When the banks leave: London’s possible futures post-Brexit

The City will not emerge unscathed from the vote to Leave, writes Nicolas Véron (Bruegel). Confidence in the UK is already damaged and a resurgent Eurozone looks like a safer haven than the City. Whether Britain leaves the Single Market in an orderly fashion – or doesn’t leave it at all – will dictate how bad things become. It is […]

Would you like hormones, GM and extra antibiotics with that? How Brexit threatens food security

Chlorine-washed chicken is only one of the foodstuffs the US will want to import into the UK if it secures a bilateral trade deal after the UK leaves the EU. The overuse of antibiotics, hormone-treated beef and dairy and GM crops are commonplace in US farming. British farmers will struggle to compete with these imports unless they abandon EU standards themselves. […]

  • Permalink Gallery

    Understanding the Brexit vote: the interplay between economic internationalisation and cultural openness

Understanding the Brexit vote: the interplay between economic internationalisation and cultural openness

The Leave vote prevailed in regions where local workers do not interact much with foreign cultures – yet some of these places rely on jobs created by foreign firms. If internationalisation in the workplace does not match internationalisation ‘at home’, pressure on local workers to opt out from further economic integration increases, write Riccardo Crescenzi (LSE) (left), Marco Di Cataldo (LSE), and Alessandra […]