Britain’s economy: enjoy the calm before the storm

The British economy has not weathered the Brexit storm. It is just that the calm before the storm has lasted a bit longer than many had assumed. There is no reason to think Britain will escape serious and permanent damage to its foreign trade and investment and hence living standards. Meanwhile, the Brexit negotiations will be a massive distraction from Britain’s real economic problems: skills, housing, infrastructure, inequality and corporate governance.

ESO: Background information: Focus: Economic developments in the aftermath of the UK referendum on EU membership http://www.europeansources.info/record/focus-economic-developments-in-the-aftermath-of-the-uk-referendum-on-eu-membership/

ESO: Background information: Brexit Britain: the poor man of Western Europe? http://www.europeansources.info/record/brexit-britain-the-poor-man-of-western-europe/

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/

The Conversation, 30.09.16: Brexit: 100 days on … and where’s the economic Armageddon? https://theconversation.com/brexit-100-days-on-and-wheres-the-economic-armageddon-66300

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