Brexit Britain: the poor man of Western Europe?

The UK has economic strengths, such as a flexible labour market, which ensures that unemployment is low even in many of its economically struggling regions. But contrary to much of the received wisdom, Britain has not been one of Europe’s economic stars over the last 15 years. Britain’s problems lie mainly on the supply-side and in the structure of public spending. Three key issues stand out: poor skills among a sizeable chunk of the workforce; weak infrastructure and a lack of affordable housing; and the centralisation of political and commercial power in London. Unfortunately, Brexit risks aggravating most, if not all, of these problems.

ESO: Background information: Brexit will make Britain's mediocre economic record worse http://www.europeansources.info/record/brexit-will-make-britains-mediocre-economic-record-worse/

ESO: Background information: The economic consequences of leaving the EU: the final report of the CER Commission on Brexit 2016 http://www.europeansources.info/record/the-economic-consequences-of-leaving-the-eu-the-final-report-of-the-cer-commission-on-brexit-2016/

ESO: Background information: Brexit hits real British economy http://www.europeansources.info/record/brexit-hits-real-british-economy/

---