Brexit

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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 […]

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    Brexit psychology: cognitive styles and their relationship to nationalistic attitudes

Brexit psychology: cognitive styles and their relationship to nationalistic attitudes

Leor Zmigrod looks at the cognitive underpinnings of nationalistic ideology in the context of Brexit. She writes that those with strongly nationalistic attitudes tend to process information in a more categorical manner, and this relationship manifests itself through a tendency to support authoritarian and conservative ideologies.

The failure of political polling in the recent elections of Europe and North America […]

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    Lessons from South Korea: What would a hard Brexit mean for British manufacturers?

Lessons from South Korea: What would a hard Brexit mean for British manufacturers?

The UK government has proposed maintaining a ‘common rulebook’ with the European Union following Brexit, which would in principle prevent non-tariff trade barriers from developing. But if this proposal fails and the UK leaves without a deal, how would British manufacturers be affected? Robert Basedow draws lessons from the South Korean car industry, noting that manufacturers based outside of […]

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    National sovereignty seems to mean something clear and precise. It does not.

National sovereignty seems to mean something clear and precise. It does not.

Sovereignty is often invoked by Brexiters, yet it is an increasingly slippery concept in a globalised world, where the demands of trade and diplomacy force states to compromise their independence. Philip Allott argues that the EU’s lack of a common identity has enabled sovereignty to be deployed as a patriotic concept.

The debate on UK withdrawal from the EU has included […]

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    The dismantling of the State since the 1980s: Brexit is the wrong diagnosis of a real crisis

The dismantling of the State since the 1980s: Brexit is the wrong diagnosis of a real crisis

Abby Innes writes that the vote to leave the EU and the administrative chaos around it pull into focus the crisis we should have been talking about before: the failures of homegrown neoliberal policies and their dire implications. She argues that while Brexit has been heralded by supporters as a solution to a number of problems, what it will […]

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    It will be cheaper for the UK to trade with EU countries after Brexit – at least in the near term

It will be cheaper for the UK to trade with EU countries after Brexit – at least in the near term

Can the UK reorient its trade and FDI patterns from the European economy to faster-growing markets in Asia, Latin America and Africa, as promised by Brexiters? Saul Estrin, Christine Cote, and Daniel Shapiro explain why in practice it is much cheaper to trade with neighbouring countries, at least in the short to medium term.

One of the arguments made in […]

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    UK financial power after Brexit: understanding the country’s external balance sheets

UK financial power after Brexit: understanding the country’s external balance sheets

Mona Ali argues that the UK’s financial position is reflected in its ‘balance of payment’ dynamics. Here she compares the UK’s external balance sheets with those of the US, and explores the potential implications of Brexit for the country’s politico-economic future. She explains why Brexit is likely to leave the economy adrift for quite some time.

Few nations have been […]

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    Generation wars over Brexit – and beyond: how young and old are divided over social values

Generation wars over Brexit – and beyond: how young and old are divided over social values

Pippa Norris explains how generation gaps divide the electorate and mainstream parties. She writes that, while the EU referendum is a prime example of how these divisions play out in the UK, the changing nature of electoral cleavages raises important questions about politics and party competition in Western democracies more generally.

The Brexit decision shocked Britain’s image of itself, and […]