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CER podcast: The cost of Brexit to June 2018
24/10/2018
The UK economy is 2.5 per cent smaller as a result of the vote to leave the EU. John Springford talks to Beth Oppenheim about his latest analysis, how he has refined his modelling method and the implications of the findings.
CER: What's the cost of Brexit so far?
23/06/2018
New analysis by the CER – which we will update quarterly – estimates that the UK economy is 2.1 per cent smaller as a result of the vote to leave the EU. The knock-on hit to the public finances is now £23 billion per annum – or £440 million a week.
Polls show average annual gap between those who believe it was ‘wrong’ to vote to Leave compared to ‘right’ has risen to double digits for the first time. / A growing number of Britons say the UK was wrong to Brexit, according to a Standard analysis of more than 200 polls.
CER podcast: What is the cost of Brexit?
01/08/2018
The UK economy is around 2 per cent smaller as a result of the vote to leave the EU. John Springford speaks to Sophia Besch about his analysis, his modelling method and the implications of the result.
The UK economy is 2.9 per cent smaller than it would be ... model also shows that the biggest victim of the Brexit vote has been business investment, while the weaker pound has failed to foster the big gains in exports that some Brexiters hoped for.
Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31 billion
13/06/2022
Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.
UK trade with the EU has fallen sharply, new figures from the Office for Budget Responsibility show.
The Centre for European Reform (CER) estimates that leaving the single market and customs union at the end of 2020 has reduced UK trade by £7.7billion, or 11%, since March.
Real pay set to be £470 lower per worker each year, say top economists. / “We can’t blame Brexit for all of the 5.2 per cent GDP shortfall … but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CEF study.
UK should rejoin single market as quitting EU ‘biggest piece of self-inflicted harm,’ says Sadiq Khan
29/06/2022
Britain should push to rejoin the single market because Brexit is the “biggest piece of self-inflicted harm ever done to a country,” says Sadiq Khan.
Flexibility does not come for free
16/01/2020
An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and regulations.
‘Worse than feared’ – Brexit costs UK £33bn
21/12/2022
Brexit has cost the UK a staggering £33bn in lost trade and investment, according to a new study that found the economic damage is even worse than previously feared.
Brexit has cost UK nearly £16 billion in trade of goods since the 2016 referendum, The Centre for European Reform estimates
12/05/2021
Brexit has delivered a blow of nearly £16 billion to the UK’s trade in goods since the 2016 referendum, leading experts said today.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Brexit ‘ultras’ are undermining the integrity of the Civil Service. The consequences could be grave
02/02/2018
A pro-Brexit minister and MPs have accused the Civil Service of pursuing a ‘Remain’ agenda. Steve Bullock, a former civil servant, argues that the consequences of undermining civil servants in this way are potentially disastrous.
A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.
Brexit has already cost £11.5billion in trade, Centre for European Reform think tank estimates
13/04/2021
Brexit has delivered a £11.5 billion blow to the UK’s trade in goods since the 2016 referendum, a leading think tank said today.
CakeWatch - Episode 33: Baskets Case
29/11/2018
The Centre for European Reform is the UK's foremost think tank on matters European, and Ian Bond is its Director of Foreign Policy, so Chris is in his element this week discussing how Brexit might affect both UK and EU foreign policy. Featuring not one, not two, but three baskets.
Firms are "banging their heads against the wall" two years after post-Brexit trading began, a new report suggests. / The British Chambers of Commerce (BCC) said businesses were still grappling with EU trading arrangements and more red tape.
Center for European Reform says departing the EU single market reduced investment by 11 per cent and goods trade by seven per cent in the second quarter of 2022.
The impact of Brexit on people’s earnings could be ‘substantial’, say experts. / Millions of workers in Britain will be about £1,300 worse off a year due to Brexit, leading experts have said.
Figures on the cost of Brexit reported by ITV last week could have given a misleading impression of the cost of leaving the EU.
Michael Heseltine: Fifty years ago, we joined the EU – today, I deplore the deception of Brexit
01/01/2023
I look back to 1973 as the post-war year when Britain accepted the loss of its empire and chose a new European destiny.
CER: Brexit's impact on services
18/12/2018
Trade in services has not received enough attention in the Brexit debate.
Wonder what happened to 'let's fund our NHS instead?' / New research has found Brexit has cost the UK government £40 billion a year in lost tax revenue.