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17 January 2019

Dr Peter Holmes, Reader in  Economics at the University of Sussex, Director of Interanalysis and Fellow of the UK Trade Policy Observatory

Since the Government’s defeat in the House of Commons, there has been a flurry of comments, notably from Steve Baker arguing that Mrs May’s deal can be replaced by some form of Free Trade Agreement.

One must immediately point out that the treaty basis of the Withdrawal Agreement does not include a long-term trade agreement. This can only be negotiated after Brexit. But even if it could be negotiated now, it would not solve the problem of the Irish Border. The UK and the EU in both the Good Friday Agreement and the Dec 2017 joint statement committed themselves not merely to barrier-free trade in goods with no hard border in Ireland, but to the preservation of an All-Island Economy. (more…)

January 17th, 2019

Posted In: UK- EU

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Image of Alan Winters16 January 2019

L. Alan Winters CB, Professor of Economics and Director of the UK Trade Policy Observatory

This note supplements an article on ‘Organising a three-way referendum’ published on The Economist website (16th January 2019). It offers a worked example to show how the three main approaches to three-way ballots operate and some of the challenges they throw up. It reinforces Ken Arrow’s result that there is no ideal way of combining individual preferences to select one of three options. (more…)

January 14th, 2019

Posted In: UK- EU

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