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loveMONEY.com

Brexit would cost UK workers up to 5,000 a year - OECD

''Leaving the EU would impose a Brexit tax on generations to come,'' says OECD Secretary-General Angel Gurria. ''Instead of funding public services, this tax would be a pure deadweight loss, with no economic benefit.''

This article was published online by loveMONEY.com on April 28, 2016
Link to article here

CEP Event details
CEP Public Lecture on April 27, 2016: 'To Brexit or not to Brexit: a taxing question' given by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). Moderator: Dr Thomas Sampson; Chair: Professor Lord Stern.
Download the speech here

Related publications
The BREXIT 2016 Policy Analysis Series from the Centre for Economic Performance can be found here

Related links
Thomas Sampson webpage
Growth Programme webpage
Trade Programme webpage



News Posted: 28/04/2016      [Back to the Top]

Daily Telegraph

Cost of Brexit: Migration to fall by 84,000 a year, but will cost UK taxpayer up to 5000 - EU referendum latest

The Organisation for Economic Co-Operation and Development (OECD) said that the impact of a Brexit would leave households 2,200 worse off than if Britain voted to stay in the EU. It claimed that a vote to leave the EU would be like imposing a tax on Britain's national income and become a "persistent and rising cost" on the economy.

This article appeared in the Daily Telegraph on 27 April 2016. Link to article

CEP Event details
CEP Public Lecture on April 27, 2016: 'To Brexit or not to Brexit: a taxing question' given by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). Moderator: Dr Thomas Sampson; Chair: Professor Lord Stern.
Download the speech here

Related publications
The BREXIT 2016 Policy Analysis Series from the Centre for Economic Performance can be found here

Related links
Thomas Sampson webpage
Growth Programme webpage
Trade Programme webpage



News Posted: 27/04/2016      [Back to the Top]

The World Weekly

OECD unveils damning Brexit verdict

The UK will pay a heavy price if it votes to leave the EU on June 23, the OECD, an economic forum of mainly rich countries, said on Wednesday. ''Our conclusion is unequivocal. The UK is much stronger as a part of Europe, and Europe is much stronger with the UK as a driving force,'' Secretary General Angel Gurria said at the London School of Economics, where he presented his organisation's assessment of the consequences of Brexit.

The report is marginally more optimistic about the long-term economic impact of Brexit than the UK's finance ministry and the LSE's Centre for Economic Performance. It is slightly more pessimistic than papers by Oxford Economics, a consultancy, and Open Europe, a think-tank.

This article was published online by The World Weekly on April 27, 2016
Link to article here

CEP Event details
CEP Public Lecture on April 27, 2016: 'To Brexit or not to Brexit: a taxing question' given by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). Moderator: Dr Thomas Sampson; Chair: Professor Lord Stern.
Download the speech here

Related publications
The BREXIT 2016 Policy Analysis Series from the Centre for Economic Performance can be found here

Related links
Swati Dhingra webpage
Hanwei Huang webpage
Gianmarco Ottaviano webpage
Thomas Sampson webpage
John Van Reenen webpage
Growth Programme webpage
Trade Programme webpage



News Posted: 27/04/2016      [Back to the Top]

The Washington Post

Leaving the European Union could cost every British family a month's pay, new report says

Less than two months before Britain's historic vote over whether to remain in the European Union, voters remain deeply divided over the decision. But among economists, there is little question that a so-called Brexit would be costly. The latest analysis was released Wednesday morning by the influential Organization for Economic Cooperation and Development. It estimated the United Kingdom's economy would be 3 percent smaller in 2020 if Britain leaves the E.U., damaging consumer confidence, discouraging business investment and unleashing a new era of uncertainty in the financial center of Europe. The OECD's estimates echo recent analysis by the U.K. Treasury and the London School of Economics on the cost of Brexit. Even the think tank Open Europe, which has been more skeptical of the benefits of the E.U., has forecast a 2.2 percent hit to the U.K. economy by 2030 in its worst-case scenario.

This article was published by The Washington Post on April 27, 2016
Link to article here

CEP Event details
CEP Public Lecture on April 27, 2016: 'To Brexit or not to Brexit: a taxing question' given by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). Moderator: Dr Thomas Sampson; Chair: Professor Lord Stern.
Download the speech here

Related publications
The BREXIT 2016 Policy Analysis Series from the Centre for Economic Performance can be found here

Related links
Swati Dhingra webpage
Hanwei Huang webpage
Gianmarco Ottaviano webpage
Thomas Sampson webpage
John Van Reenen webpage
Growth Programme webpage
Trade Programme webpage



News Posted: 27/04/2016      [Back to the Top]