Economics of Brexit

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    The EU isn’t protectionist – it’s one of the most open economies in the world

The EU isn’t protectionist – it’s one of the most open economies in the world

US President Donald Trump recently criticised the EU for being protectionist, and several political figures in the UK have suggested that Brexit will allow the country to remove protectionist tariffs and regulations to boost trade. But how accurate is this claim in reality? Using data on various aspects of trade, Mark Manger and Atom Vayalinkal argue that the EU […]

Britain’s ambitious trade plans are barely off the drawing board

What can we glean about the government’s plans from its new white paper on trade? Not much, says Fabian Bohnenberger (King’s College London). The paper is frustratingly short on detail and suggests plans are still in their early stages. While the commitment to give developing countries preferential access to the UK market is commendable, the sections on establishing the […]

Why Brexit could hit productivity in the UK

UK economic performance has been poor since the vote to leave the EU in June 2016, but has not been the catastrophe that many predicted. Nicholas Bloom (Stanford – on left) and Paul Mizen (Nottingham University) draw four results from the evidence gathered in the new Decision Maker Panel survey of around 2,500 businesses in the UK. While most firms expect […]

Brexit has led to falling real wages in the UK

The UK has not yet left the European Union and the long-term economic effects of Brexit remain unknown. However, one of the trends which has attracted attention so far is a drop in real wages for UK workers, which many economists have put down to the immediate depreciation of the pound after the referendum and a subsequent rise in […]

‘Global Britain’: the trade strategies the UK could pursue after Brexit

One of the stated aims of Brexit is for Britain to forge new trade deals with the rest of the world. Linda Yueh (LSE IDEAS) looks at the strategies the UK could adopt in an effort to become a global trading hub. Retaining and shadowing existing free trade agreements, particularly the FTA with Caribbean nations, is a crucial first […]

Freedom in the skies: secondary mobility and Brexit

The right to move and work freely in the EU is a key point of contestation in the Brexit negotiations. But what effect will leaving the EU have on the ways and means in which EU migrants keep in touch with their relatives? Kathy Burrell (University of Liverpool) and Matt Badcock (Leeds Beckett University) explore the virtual and physical […]

Can mobile roaming be saved after Brexit?

The EU referendum has many unanticipated consequences. One that is gaining visibility in the UK just now is the impact of Brexit on mobile roaming arrangements. UK citizens should not count on continuing to enjoy inexpensive mobile roaming when travelling in EU Member States unless measures are taken to preserve it, write J Scott Marcus and Robert G Clarke […]

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    Florence speech falls short on the details of a bespoke arrangement with the EU

Florence speech falls short on the details of a bespoke arrangement with the EU

Theresa May stepped in to lead the discussion on what the UK hopes to achieve from its Brexit negotiations with the EU. Swati Dhingra and Josh De Lyon (CEP, LSE) argue that her Florence speech has set the tone for details that are yet to come.

On trade, the PM reiterated that the UK would be outside the Single Market and the Customs Union after Brexit. […]

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    Will Brexit be another Black Wednesday for the Conservatives? Lessons from the ERM crisis

Will Brexit be another Black Wednesday for the Conservatives? Lessons from the ERM crisis

In light of the 25th anniversary of Britain’s exit from the European Exchange Rate Mechanism, Jane Green and Will Jennings reflect on the damage done to the Conservatives as a result, and the lessons it could hold for the possible impacts of Brexit. They draw on their latest book to explain how the Conservatives’ policy competence over time corresponds […]

Has Brexit made the UK less attractive to high-skilled EU migrants? New evidence

Several UK employers and business representatives have expressed concern that Brexit could damage the country’s ability to attract skilled workers from the rest of the EU. Matthias Busse (left) and Mikkel Barslund (Centre for European Policy Studies) use LinkedIn data to examine whether these concerns are justified. They find support for the view that Brexit has reduced the attractiveness of the UK for recent high-skilled […]