Economics of Brexit

How EU migrants have propped up Britain’s social care

Last week NIESR published new research for the Cavendish Coalition on the implications of Brexit for the health and social care sector.  Their conclusions are stark:  Brexit is likely to lead to a substantial shortfall in nurses and doctors which needs to be urgently addressed by new immigration policy, writes Heather Rolfe (NIESR). However, while the implications of any future immigration […]

Brexit has already hurt EU and non-EU exports by up to 13% – new research

Over the past few months, Terence Huw Edwards (Loughborough University, left), Christian Soegaard (Warwick University) and Mustapha Douch (Aston University) have been investigating how the vote of June 23 2016 has since affected the values and patterns of Britain’s trade with major trading partners inside and outside the European Union. By comparing trade flows with a model of what […]

Universities are a bargaining chip in the Brexit free-trade future

Higher education – although clearly not a government priority – is becoming a bargaining chip as the UK considers its future outside the EU. Anne Corbett (LSE) examines the May government’s proposal to treat higher education as a sweetener for free trade deals, an idea that is likely to have life in it whatever the immediate Brexit outcome.

Spare a thought […]

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    London Calling Brexit: The City of London and the ‘baptist-bootlegger’ coalition

London Calling Brexit: The City of London and the ‘baptist-bootlegger’ coalition

Think of London and Brexit and most will think of what it means for ‘the City’, the heart of the UK’s financial services industry. In this, the second in our London Calling Brexit series, Scott James (King’s College London) and Lucia Quaglia (University of Bologna) examine why London’s financial institutions have failed to wield the influence over Brexit that […]

The effect on foreign multinationals: an under-explored aspect of Brexit

While most of the studies on Brexit have focused on its trade effects, very few have analysed the likely impact on foreign multinationals. Claudia Fernández-Pacheco Theurer (Universidad Autonoma de Madrid), Jose Luis López Ruiz and María C. Latorre (Universidad Complutense de Madrid, left) argue that this is an important omission. They show how data on trade and foreign multinationals affiliates’ sales underlines […]

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    Long read: Global cities, multinationals, and trade in the age of Brexit

Long read: Global cities, multinationals, and trade in the age of Brexit

This post is the third in a series analysing the prospects for trade and foreign direct investment (FDI) diversification, with a particular focus on the UK and Canada in the age of Brexit. Daniel Shapiro, Saul Estrin, Christine Cote, Klaus Meyer, and Jing Li examine the nature of trade in services using ideas developed in the international business and economic geography literature to explore […]

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    Long read: Can the UK capitalise on its service-based economy for trade diversification post Brexit?

Long read: Can the UK capitalise on its service-based economy for trade diversification post Brexit?

As concerns increase over the prospects for a positive post-Brexit agreement with the EU on the terms of exit, much attention continues to be focused on the attractiveness and viability of UK trade diversification. Our first post concluded that physical distance still matters in economic relations between countries and that the role of gravity when considering trade in goods, while […]

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    Just how wrong is the Brexiteer view of an anti-market EU? Ask Canada or Australia

Just how wrong is the Brexiteer view of an anti-market EU? Ask Canada or Australia

Just how wrong is the Brexiteer view of an anti-market EU? Ask Canada or Australia, write Craig Parsons and Benedikt Springer. Brexiteers have frequently characterized the EU as a regulatory nightmare that impedes Britain’s traditional commitment to global openness and free trade. Well-informed observers generally know this is implausible—the EU is built around deep “single market” liberalisation, and promotes free-trade deals worldwide—but […]

The regulation of unfair trading practices after Brexit

The effect of Brexit on unfair trading practices (UTPs) has been largely overlooked, yet it could be very significant – especially in agriculture. Tom Verdonk (KU Leuven) looks at whether the regulations could diverge and what impact that would have.

With the UK’s imminent withdrawal from the EU, the EU’s motto “United in diversity” has clearly taken a hit. While […]

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    Pushing the BoE to the limit: what a no-deal Brexit will mean for UK exchange and interest rates

Pushing the BoE to the limit: what a no-deal Brexit will mean for UK exchange and interest rates

The absence of a trade agreement between UK and EU will yield further depreciations of the pound relative to leading currencies, explain Michael Ellington and Costas Milas. This will then lead to a sharp cut in the Bank of England’s policy rate and to another round of quantitative easing. In other words, a no-deal Brexit will push the Bank […]