Economics of Brexit

How the financial industry and the law firms that support it are preparing for Brexit

The three years since the referendum have given the financial sector plenty of time to prepare for Brexit, writes Rebecca Christie (Bruegel). Thousands of lawyers have registered to practise in Ireland and firms are using Brexit as a chance to diversify, relocating some services elsewhere in the EU.
The UK is leaving the European Union, in spirit if not in […]

What the UK population will look like by 2061 under hard, soft or no-Brexit scenarios

With the British parliament still deadlocked, the UK’s future Brexit strategy is not yet set in stone. Whatever path the UK chooses from here will have an impact on the future of British immigration policy – and therefore on the size of the population, write Nik Lomax, Paul Norman, Philip Rees (University of Leeds) and Pia Wohland (University of […]

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    Losers’ consent and Brexit: the distinction between ‘graceful’ and ‘sore’ losers

Losers’ consent and Brexit: the distinction between ‘graceful’ and ‘sore’ losers

Why do some voters accept their defeat and agree to a democratic verdict while some do not? Richard Nadeau, Éric Bélanger, and Ece Özlem Atikcan focus on losers’ consent in the Brexit referendum.

In the protracted aftermath of the 2016 Brexit vote, more than 4.1 million UK citizens signed a petition in early 2019 calling for a second referendum on […]

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    Less energy for the energy sector? There is major disruption ahead to both the UK and the EU energy markets

Less energy for the energy sector? There is major disruption ahead to both the UK and the EU energy markets

Alexandra-Maria Bocse (LSE) looks at the impact of Brexit on investment in renewables, on energy efficiency and on connections between the EU and the UK energy markets. She writes that the negative implications of Brexit for the UK will require policy responses.

The uncertainty surrounding Brexit made the UK a less attractive market for renewable energy investors. The business and […]

How the post-Brexit pound has hurt Britain’s workers

The unexpected result of the Brexit referendum, working through the rapid depreciation of sterling, has hurt British workers. Rui Costa, Swati Dhingra and Stephen Machin (LSE) show that the big drop in the value of the pound caused a rise in import prices, which has led to a fall in both wages and training for workers employed in the […]

WTO rules OK? Not any more

Many Brexiteers see the WTO as a desirable framework for the UK’s trade. Donald Trump dislikes it. Steven Woolcock (LSE) explains how the WTO has been undermined by outdated rules, US trade policy and China’s support for its own industries. It looks like rather a poor alternative to negotiating agreements with major markets.

Two developments are seen as evidence of […]

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    Long read: Does the EU stop Britain from using state aid to help its economy?

Long read: Does the EU stop Britain from using state aid to help its economy?

Some argue that when it is no longer constrained by the EU’s state aid rules, Britain will be able to pursue a more interventionist economic strategy. Kitty Stewart (LSE) asks whether this claim stacks up.

A series of EU regulations restrict state intervention in the economy in EU member states, including complex state aid rules aimed at promoting competition. The original […]

Long read: Which groups will suffer most as a consequence of Brexit?

Kitty Stewart (LSE) reviews the evidence on how Brexit is expected to affect different population groups and asks whether it might, at least, reduce income inequality.

How are the effects of Brexit expected to fall across different groups in the population? We consider the possible differential impact by region, sector, skill-level and income group, and what government might do to mitigate some […]

Why should African universities care about Brexit?

Brexit is a British and a European matter. So why should people involved in African higher education care about it? Because the uncertainties associated with this divorce transcend the EU, write Patrício Langa (University of the Western Cape and Eduardo Mondlane University) and Patrick Swanzy (University of the Western Cape), and are likely to affect other parts of the globe […]

Brexit is unnecessary. Indeed, we already enjoy some of its advantages

The UK has been the most successful of all the EU member states in getting its own way in the EU. We have our own form of membership. We get all the advantages of membership and we avoid some of what we have seen as its big disadvantages, writes Philip Allott (University of Cambridge).

The Brexit negotiations have been a prolonged […]