Author (Person) | Dhingra, Swati |
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Publisher | Centre for Economic Performance |
Series Title | Brexit Paper |
Series Details | No.2 (March 2016) |
Publication Date | March 2016 |
Content Type | Journal | Series | Blog, Report |
For over two years, a research team at the Centre for Economic Performance (CEP) has been studying the likely impact of the UK leaving the European Union. This report published in March 2016 focused on the impact of ‘Brexit’ through changing trade patterns. Under ‘optimistic’ assumptions, there is a fall in national income of 1.3% (about £850 per household). Under ‘pessimistic’ assumptions, this doubles to 2.6%. When the dynamic effects of higher trade costs on productivity are included, the cost may rise to between 6.3% and 9.5% in the long run. |
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Source Link | Link to Main Source http://cep.lse.ac.uk/pubs/download/brexit02.pdf |
Related Links |
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Countries / Regions | United Kingdom |