Economics of Brexit

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    WTO option in practice: how a no-deal Brexit would seriously damage key UK industries

WTO option in practice: how a no-deal Brexit would seriously damage key UK industries

A no-deal Brexit would mean falling back on WTO law when it comes to trading in goods and services with the EU. This would result in serious economic damage for key industries in the UK, write Kahraman Altun and Johannes Müller. In this post, they explain what a no-deal Brexit and reverting to trade under WTO law would entail in practice.

Whilst a no-deal Brexit […]

Continental Breakfast 11: fragile politics and trading relationships

Business Europe hosted a panel of LSE experts for a joint seminar with business representatives in Brussels on 25 June 2018 to discuss the current state of Brexit negotiations. Professors Kevin Featherstone and Tony Travers talked about the political situation in the UK, and Professor Paola Conconi and Jan Kleinheisterkamp went on to discuss potential new UK-EU trade relationships. Elsa Leromain (CEP, LSE) […]

Greener or leaner? Planning policy after Brexit

Is Brexit a chance to free UK planners from onerous environmental standards, or to set new, clearer environmental goals? While planning is not a core EU competence, membership has helped shape it. Richard Cowell (University of Cardiff, left), Olivier Sykes and Thomas Fischer (University of Liverpool), Geraint Ellis (Queen’s University Belfast), Anthony Jackson (University of Dundee) and Thomas Muinzer (University of Stirling) look at the possibilities ahead.
As the uncertainty surrounding the […]

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    Long read: Can Brexit defy gravity? It is still much cheaper to trade with neighbouring countries

Long read: Can Brexit defy gravity? It is still much cheaper to trade with neighbouring countries

Is the UK locked into economic relationships dominated by geography? Can it reorient its trade and FDI patterns from the slower growing European economy to faster-growing markets in Asia, Latin America and Africa, as promised by the proponents of Brexit? In this article Saul Estrin, Christine Cote (LSE), and Daniel Shapiro (Simon Fraser University) concentrate their attention on trade in goods […]

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    A global trade war is one more reason for the UK to prioritise its future relationship with the EU

A global trade war is one more reason for the UK to prioritise its future relationship with the EU

The world is amid a global trade war which currently shows no signs of dissipating. How could this global trade dispute affect Britain and the Brexit process? Josh De Lyon (LSE) argues that it is becoming increasingly clear that the UK is beginning to prioritise its future relationship with the EU, and that potential trade agreements with third countries appear […]

Hard cheese? Dairy products will be more expensive after Brexit

Britain imports a lot of dairy produce, nearly all of it from the EU. At home, the industry employs a large number of workers from the rest of the EU. Jan Bakker and Nikhil Datta (LSE) predict that dairy will become more expensive after Brexit. Even if Britons switch to UK-produced dairy, it will take some years for domestic […]

What a no-deal Brexit would mean for Britain’s energy markets

Given what is happening at a macro political level, a no-deal Brexit looks increasingly possible. It’s the worst-case scenario for the UK’s energy markets, writes Alex Harrison (Hogan Lovells).

UK electricity and gas trade with the EU27 is worth approximately €6bn annually. Eighty percent of that trade is natural gas. The UK imports gas from the EU27, but the country is […]

No-deal Brexit: the biggest test yet for UK crisis management?

How should the government prepare for a no-deal Brexit? Until now, DExEU has been reluctant to communicate its activities to the public. John Connolly (University of the West of Scotland) and Andrew Judge (University of Glasgow) explain why co-ordinated planning across government departments, and clear communication with the public, are vital.

The news that the UK and EU are stepping up their preparations […]

It’s time for the EU to negotiate seriously

The UK white paper on Brexit should be given serious consideration, writes Guntram Wolff (Bruegel). While it breaks a number of European red lines, it is also an attempt to resolve some issues. The question is whether the EU will be ready to negotiate seriously. Geostrategic considerations suggest that it is time for it to do so.
After the British cabinet […]

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    The UK’s industrial supply chains are dependent on European manufacturers

The UK’s industrial supply chains are dependent on European manufacturers

What impact will Brexit have on UK manufacturing? As Bob Hancké points out, the domestic economic effects of Brexit are dynamic, not static. While some industries will be devastated by Brexit, resources may switch to other areas which, in theory, could thrive. But for this to happen, the UK needs to revamp its industrial supply chains, which are dependent on close links […]