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My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
This paper estimates how Brexit has affected goods trade between the United Kingdom and European Union. Using product-level trade flows between the EU and all other countries in the world as a comparison group, we find a sharp decline in trade from the UK to the EU and significant but smaller reductions in trade from the EU to the UK.
Brexit has not had the expected effect of narrowly reducing exports to the EU, but has instead more broadly reduced how open and competitive Britain’s economy is, which will reduce productivity and wages in the decade ahead, according to new joint Resolution Foundation and LSE research.
Brexit has cost the UK economy billions of pounds in lost trade and tax revenues, according to research shared with ITV News by the Centre for European Reform. / It estimates the economy is 5% smaller than it would have been if the UK had stayed in the EU.
Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.
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.
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.
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.
The European Parliament has commissioned dozens of impact assessments or studies on Brexit from experts, across a broad range of policy areas, which are publicly available online. This webpage will be regularly updated to include further relevant publications.
We now estimate that the output loss due to the Brexit vote amounts to about 2% of GDP, or £35 billion. The negative drag from the Brexit vote has increased somewhat since our last estimation and now amounts to roughly £350 million a week. Under current OECD forecast, we expect the output loss to increase to 3.4% of GDP by end-2019.