Economics of Brexit

Low-carbon services can enhance UK’s post-Brexit economy

The future of the UK’s trade with the EU and beyond is currently uncertain. What is certain is that the UK will need to secure trade deals to guarantee its future prosperity post-Brexit. But what exactly does the UK have to trade? Maria Carvalho (LSE) explores how exporting more low-carbon services could enhance the UK’s future prosperity.

The government’s post-Brexit customs proposals, published on 15 August, […]

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    The Economists for Brexit predictions are inconsistent with the basic facts of international trade

The Economists for Brexit predictions are inconsistent with the basic facts of international trade

There is a degree of consensus among economists that a Brexit will make us worse off. The exception is recent work by Economists for Brexit. Their forecast of income gains from Brexit contrasts with all other economic analysis, explain Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen.

The possibility of the UK leaving the European Union (EU) has […]

Listen to businesses now – we urgently need a transitional deal

Businesses have been scrambling to prepare for Brexit – but it is only in recent weeks that the government has really begun to engage with the business community, says Nicole Sykes of the CBI. Uncertainty about the nature of the final Brexit deal is starting to bite. We need a two to three year transitional period after 2019 to […]

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    There’s no such thing as ‘associate membership’ of Euratom

There’s no such thing as ‘associate membership’ of Euratom

The UK’s Article 50 letter which triggered its exit from the European Union also indicated that the country would be leaving the European nuclear regulator Euratom following Brexit. However, several MPs, including some prominent leave campaigners, have criticised this position, arguing instead for the UK to have some form of associate membership of Euratom after it leaves the EU. […]

Leaving the Single Market will tear apart Britain’s economy – and Jeremy Corbyn will perish with it

In even thinking about leaving the EU Single Market, the UK is heading full steam towards an iceberg of historic proportions. This will tear apart the British economy and bring Labour down with it unless Jeremy Corbyn changes course, writes Matthew L Bishop. 

We are plausibly living through the endgame of a neoliberalism that has drastically over-reached itself. The great value of Corbynism is […]

If Britain doesn’t pay the Brexit divorce bill, her ex-partners will have to

Walking away from the EU without paying a ‘divorce bill’ – or only a small one – would have major consequences for the remaining member states, because they would be forced to make up the shortfall for EU projects until 2021. That would leave the UK short of goodwill, writes Michiel Scheffer, a regional minister in the Netherlands, and […]

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    All of a sudden Britain has become the slowest growing of the major western economies

All of a sudden Britain has become the slowest growing of the major western economies

All of a sudden Britain has become the slowest growing of the major western economies, and there are increasing concerns about its medium-term outlook. Iain Begg (LSE European Institute) writes that with both government and opposition fixated on what kind of Brexit to favour, there is a growing risk that fundamental and necessary measures to underpin the economy will be neglected.

Until well […]

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    LSE Continental Breakfast 4: Britain’s future trade relationships

LSE Continental Breakfast 4: Britain’s future trade relationships

In the fourth of LSE’s Continental Breakfasts – held under Chatham House rules, so participants can speak as freely as they wish – a roundtable discussed the future of Britain’s trade outside the Single Market. Chrysa Papalexatou reports on some of the key points.

The UK’s preferred Brexit outcome remains unclear – at least in any depth. The General Election result has only […]

Which British regions will suffer most – and least – from Brexit?

Britain’s richer cities, particularly those in the south of England, will be hit hardest by Brexit, according to a study by the LSE’s Centre for Economic Performance (working with the Centre for Cities think tank). Henry G Overman writes that the local economic impact will be particularly apparent in areas with strong specialist service industries.

Our research (with Swati Dhingra and Stephen Machin) looks at […]

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    Unemployment, reliance on factory jobs and low income explain Brexit

Unemployment, reliance on factory jobs and low income explain Brexit

The Brexit vote represented a key moment for European integration. Sascha O. Becker, Thiemo Fetzer, and Dennis Novy examine it in great detail, using statistical analysis as a way to highlight which factors proved to be the strongest predictors of the ‘Vote leave’ share. Though their findings establish correlations, not causation, they nonetheless underscore the many complex issues that surfaced in the ‘Vote Leave’ result. 

EU […]