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Economy 5.5 per cent smaller than if Leave referendum hadn’t happened, says think tank.
‘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.
The think tank study indicates GDP would be 2.3 per cent higher had the UK voted to remain in the EU.
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.
A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.
Figures on the cost of Brexit reported by ITV last week could have given a misleading impression of the cost of leaving the EU.
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.
UK trade with the EU has fallen sharply, new figures from the Office for Budget Responsibility show.
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.
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.
Brexit has already cost the UK economy almost £70bn – the equivalent of £440m a week or £840 for every household in the country each year – according to a new report from the Centre for European Reform released today.
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.
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.
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.
CER: Brexit's impact on services
18/12/2018
Trade in services has not received enough attention in the Brexit debate.
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.
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.
Beth Oppenheim asks John Springford what is in the 585 page withdrawal agreement, and Charles Grant outlines what might happen next: will Theresa May and her withdrawal plan survive?
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.
One government department alone spent £5.5m in a single month on management consultants to help with Brexit policy, it has emerged.
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.
Brexit: The scorecard two years on
02/01/2023
So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.
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.
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.
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.