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image of Ilona26 March 2018

Ilona Serwicka is Research Fellow in the economics of Brexit at the UKTPO

The UK economy will be worse off after Brexit regardless of the terms of departure from the EU: this is (with a small number of exceptions) a consensus reached by previous analyses of the impact of Brexit. Anything that differs from the status quo of EU membership – ranging from a ‘soft’ Brexit that involves staying within the Customs Union and/or the Single Market to a ‘hard’ scenario of leaving the EU with no deal – will hurt growth prospects for the UK economy. (more…)

March 26th, 2018

Posted In: UK - Non EU, UK- EU

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11 January 2018

Dr Ingo Borchert is Lecturer in Economics and a fellow of the UK Trade Policy Observatory.  Nicolo Tamberi is a Research Assistant in Economics for the Observatory

The North East and West Midlands are the most reliant on the European market, sending around half of their services exports to the EU. Sources: Office for National Statistics (2017a); and authors’ calculations.

Two of the biggest Brexit-voting regions would be hit hardest by a potential fall in services exports upon leaving the EU, new analysis suggests.  (more…)

January 11th, 2018

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23 June 2017

L. Alan Winters CB, Professor of Economics and Director of UKTPO and Ilona Serwicka, Research Fellow at UKTPO

One year ago the British people voted to leave the EU. Out of 33.5 million votes cast, 51.9 per cent were for ‘leave’, albeit in the absence of any statement about what ‘leaving’ might mean. The government is still vague about what the UK’s post-Brexit trade policy should be – even after triggering the formal leave process – but the general election has pressured Theresa May to soften her Brexit stance. Even though Brexit negotiations are now formally under way, the options suddenly again seem wide open for debate.

In terms of options the UK is back at square one, but following a year’s analysis, it is now clearer what these options amount to. Over the year, the UK Trade Policy Observatory (UKTPO) has discussed many of the options and this note draws on some of that analysis to try to light the path forward. (more…)

June 23rd, 2017

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5 June 2017

Brexit could lead to a boom in tourism and high-end exports in the South East, according to a consultation of locals by trade experts at the University of Sussex.

However, there is growing concern about the logistical headache of potentially increased customs and immigration checks at South-East airports, seaports and the Channel Tunnel, the process found.

With the UK General Election only a week away, and with Brexit such an important issue for this election campaign, economists and lawyers from the UK Trade Policy Observatory (UKTPO) based at the University of Sussex have been exploring the key issues for post-Brexit trade policy for the South-East region. (more…)

June 5th, 2017

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29 March 2017

New analysis shows that the nations of the UK are exposed to trade with the EU in quite different ways. If the UK leaves the EU without a trade deal the effects across regions will be quite different and this should therefore influence our trading priorities

Our Fellows have analysed trade data to examine the regional and sectoral impact of Brexit as well as the overall national impact.

Their findings, portrayed in a short video animation show that choosing trade priorities on the basis of aggregate UK data does not take into account the fact that the nations within the UK are exposed to trade with the EU in different ways.

(more…)

March 29th, 2017

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14 October 2016L. Alan Winters

L. Alan Winters is Professor of Economics at the University of Sussex, and director of the UK Trade Policy Observatory. Nick Jacob is an associate tutor and research student in economics – also at the University of Sussex.

Few doubt that Brexit poses some immense challenges for the British economy. But for a government that professes to want an economy that ‘works for everyone’, there is possibly one encouraging factor: Brexit seems likely to help re-balance the economy. This note asks what Brexit implies for different parts of the UK and suggests two reasons why regions outside London and the South East could be less severely challenged. (more…)

October 14th, 2016

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