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News and Press

News for Trade

Press coverage involving Trade staff or research is listed below.

Sputnik News

Soft Power: This is how Chinese companies conquer Britain

According to estimates by the London School of Economics, Brexit will result in a 22 percent drop in direct investment into the British economy and a 3.4 percent drop in revenues.

This article was published online by Sputnik News on September 27, 2016
Link to article here

Related publications
See the complete set of CEP Brexit Analysis research papers here

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



News Posted: 27/09/2016      [Back to the Top]

The Independent

Brexit: True cost of UK leaving EU without trade deal revealed

EXCLUSIVE: An analysis by The Independent of official data suggests British exporters would face a cost of at least £4.5bn - and in all likelihood they would take a hit many times larger
A separate analysis by the London School of Economics suggested the welfare losses of moving to the WTO rules in a ''big bang'' would be up to 3.5 per cent of GDP per head instantly. ''The fact that the country is in some way being told to be prepared to face what we regarded as a very pessimistic outcome is quite discouraging in itself,'' said Gianmarco Ottaviano of the LSE. John Van Reenen, a former colleague of Ottaviano and now Professor of Economics at MIT in the US, said trading under WTO rules would be a ''truly dreadful outcome for British people''.

This article was published by The Independent on September 23, 2016
Link to article here

See Also
DigitalSpy
Brexit: True cost of UK leaving EU without trade deal revealed

Related publications
See the complete set of CEP Brexit Analysis research papers here

Related links
Gianmarco Ottaviano webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage



News Posted: 23/09/2016      [Back to the Top]

La Croix.com (France)

Brexit, l'économie britannique fait de la résistance

With a major question mark: foreign groups continue to invest in the country? The Centre for Economic Performance at the London School of Economics estimated that membership of the EU has indeed increased foreign direct investment in the country to 28%.

This article was published online by La Croix.com on September 21, 2016
Link to article here

Related publications
See the complete set of CEP Brexit Analysis research papers here

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



News Posted: 21/09/2016      [Back to the Top]

1 Das Erste (German Public TV Channel) - Europamagazin Programme

Brexit: Chaos in der Regierung und zunehmende Gewalt gegen Polen

Dennis Novy interviewed on the state of the British economy after the EU Referendum, and on the prospects for UK international trade negotiation.

The interview was recorded by 1 Das Erste (German Public TV Channel) on September 11, 2016
Link to broadcast here [About 04:39 minutes in]

Related links
Dennis Novy webpage
Trade Programme webpage
Dennis Novy CEP publications webpage



News Posted: 11/09/2016      [Back to the Top]

BBC Radio 4

The World Tonight

Dennis Novy interviewed. The topic was the Transatlantic Trade and Investment Partnership (TTIP) and the recent political backlash from France and Germany.

The interview was broadcast on the BBC Radio 4 The World Tonight Programme on August 30, 2016
Link to broadcast here

Related links
Dennis Novy webpage
Trade Programme webpage
Dennis Novy CEP publications webpage



News Posted: 30/08/2016      [Back to the Top]

The Scottish Daily Record

Scottish Government warns on Brexit cost

The Scottish Government estimates the impact of Brexit would be the equivalent of reducing the Scottish Government budget by between six and 13 per cent. The briefing paper figures are drawn from studies previously published by the London School of Economics' Centre for Economic Performance, HM Treasury, the National Institute of Economic and Social Research, PwC and the Organisation for Economic Co-operation and Development.

This article appeared in the Scottish Daily Record on 24 August 2016. Link to article

Related publications
See the complete set of CEP Brexit Analysis research papers here .

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


News Posted: 24/08/2016      [Back to the Top]

LBC Radio

Nick Ferrari

Dennis Novy was interviewed live on LBC radio with Nick Ferrari on 24 August 2016. The topic was Brexit and whether we should have a second referendum. The background was Owen Smith's announcement of having a second referendum if he were to become prime minister.

This interview was broadcast on LBC Radio on August 24, 2016
[No link available.]

Related links
Dennis Novy webpage
Trade Programme webpage



News Posted: 24/08/2016      [Back to the Top]

Der Tagesspiegel (Germany)

Britische Beziehungskisten

Even after the Brexit, Britain will seek economic ties to the EU. But what options are there? What are the costs? And how likely they are?
The economists Swati Dinghra and Thomas Sampson of the London School of Economics to determine United Kingdom had as a member of the EEA ''more sovereignty given up than if remained in the EU''. According to their calculations London would have to pay 83 percent of the sum ...

This article was published online by Der Tagesspiegel on August 23, 2016
Link to article here

Also in
August 24, 2016
EurActiv (DE)
Britische Beziehungskisten

Related publications
Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
The complete set of CEP Brexit Analysis papers is available in one publication. Download from here

Related links
Swati Dhingra webpage
Thomas Sampson webpage
Trade Programme webpage



News Posted: 23/08/2016      [Back to the Top]

Money Marketing

Gregg McClymont: What does Brexit mean for UK pensions?

Beyond the territorial politics, Brexit has brought to the boil a long simmering tension between the UK's economic and political imperatives. The importance to the UK economy of the single European market in goods and services is clear. Economists do not agree about much, so the extent of their unanimity about the benefits of free trade is striking. The LSE's Centre for Economic Performance is typical, calculating that loss of the benefits of comparative advantage and competitive pressures via the single market have a direct cost amounting to 1.37 per cent to 2.92 per cent of UK living standards. Less trade means lower productivity, and weak productivity growth has been the UK's great macro weakness for half a century (the much reviled French economy's productivity is 30 per cent higher).

This article was published online by Money Marketing on August 15, 2016
Link to article here

Related publications
The complete series of Brexit Papers are available online here

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



News Posted: 15/08/2016      [Back to the Top]

BBC Sheffield

Brexit negotiations

Nothing off the table in Brexit negotiations says Centre for Economic Performance's Swati Dhingra.

This interview was broadcast by BBC Sheffield (Radio) on August 13, 2016
Link to broadcast here

Related publications
The complete series of Brexit Papers are available online here

Related links
Swati Dhingra webpage
Trade Programme webpage


News Posted: 13/08/2016      [Back to the Top]

Independent

Brexit: Economists put cost of UK losing European Union single market membership at £75bn

The IFS estimate that single market membership could be worth 4 per cent of GDP by 2030 - or £75bn in today's money
But the IFS estimates that retaining single market membership could be potentially worth 4 per cent of GDP permanently to the UK economy relative to WTO terms by 2030 - equal to two full years of trend growth. They based this figure on long-term estimates from other forecasting organisations such as the London School of Economic's Centre for Economic Performance and the National Institute for Economic and Social Research (NIESR) of the long-term negative impact of Brexit on UK growth.

This article was published online by the Independent on August 9, 2016
Link to article here

Also in
August 10, 2016
The Times of India
Brexit: Economists put cost of UK losing European Union singe market membership at £75bn

Related publications
The complete series of Brexit Papers are available online here

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



News Posted: 09/08/2016      [Back to the Top]

Geopolitical Monitor

Flash: Brexit in more concrete economic terms

The reputed Centre for Economic Performance at LSE has long been studying the potential impact of the United Kingdom leaving the European Union, and just this last week it published its latest report. This report focuses on the impacts of Brexit via its disruption of trade flows, and it contains some hard numbers that will make even the most determined Leaver's blood run cold.

This article was published online by Geopolitical Monitor on August 5, 2016
Link to article here. Subscription needed for full access.

Related publications
The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

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



News Posted: 05/08/2016      [Back to the Top]

LSE Business Review

What kind of relationship with the EU is best for the UK economy post-Brexit?

Article by Swati Dhingra and Thomas Sampson
The UK should join the EEA and remain part of the single market, write Swati Dhingra and Thomas Sampson
The UK has voted to leave the EU, but not in favour of any specific alternative to EU membership. This poses a challenge for UK policy makers and the new Prime Minister Theresa May. What should the UK's relations with the EU be, following Brexit? It is naive to expect economic considerations will be the only factor that determines what relationship the UK eventually seeks with the EU, or what deal the EU is willing to grant the UK. If the UK government's objective were to obtain the highest possible standard of living for UK citizens it would never invoke Article 50 of the Treaty of Lisbon and start the Brexit process. But if Brexit must happen, it is useful to understand which option would do least harm to the UK economically. This option can then serve as a benchmark for evaluating the trade-offs required to obtain political objectives such as limits on immigration and 'taking back control'.

This article was published by the LSE Business Review on August 5, 2016
Link to article here

Related publications
Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.
Brexit and Wage Inequality, Brian Bell and Stephen Machin, CEP Brexit Blog, July 2016

Related links
Swati Dhingra webpage
Thomas Sampson webpage
Trade Programme webpage



News Posted: 05/08/2016      [Back to the Top]

Voice of Islam

The Breakfast Show

We are joined by Swati Dhingra to give us an expert view on the migrant spike.

The interview was broadcast by the Voice of Islam Radio on August 2, 2016
Link to the show podcast here

Related publications
Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
Technical Appendix to 'Brexit and the impact of immigration on the UK'
See the whole series of CEP Brexit Analysis papers here

Related links
Swati Dhingra webpage
Trade Programme webpage


News Posted: 02/08/2016      [Back to the Top]

Vox

Brexit Beckons: Thinking ahead by leading economists

The June 2016 Brexit referendum saw British voters reject membership of the European Union. Now that a decision has been made, it is time to look forward and find the best solutions for the future of both the UK and the EU. This VoxEU eBook regroups the views of more than a dozen leading economists and specialists on a broad range of issues, from various perspectives.

Trade policy and the City

5. The UK's new trade priorities
Angus Armstrong

6. UK-EU relations after Brexit: What is best for the UK economy?
Swati Dhingra and Thomas Sampson

This article was published by Vox on 1 August 2016
Link to article here

Related articles
Vox on August 1, 2016
A new eBook: Brexit beckons
Link to article here

Related publications
Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.
Brexit and Wage Inequality, Brian Bell and Stephen Machin, CEP Brexit Blog, July 2016

Related links
Swati Dhingra webpage
Thomas Sampson webpage
Trade Programme webpage

Brian Bell webpage
Growth Programme webpage

Stephen Machin webpage
Barbara Petrongolo webpage
Labour Markets Programme webpage



News Posted: 01/08/2016      [Back to the Top]

Vox

A new eBook: Brexit beckons

The 23 June 2016 Brexit vote saw British voters reject membership in the European Union. This column introduces a new VoxEU eBook containing 19 essays written by leading economists on a wide array of topics and from a broad range of perspectives.

Trade Policy
The challenges can be useful slotted into three categories:

  • Reconstructing UK-EU trade relations;
  • Disentangling the UK's and the EU's WTO memberships; and
  • Reconstituting the EU's trade agreements with third nations.

  • The first is by far the most important economically, since something over half of the UK's trade in goods and services is with the EU, and the same is true of the UK's foreign investments.
    The chapters by Angus Armstrong, Swati Dhingra and Thomas Sampson, Jim Rollo and Alan Winter, Nicolas Crafts, and Simon Evenett all address various aspects of these three challenges.

    Labour Issues
    The chapters by Jonathan Portes, Brian Bell and Stephen Machin, and Barbara Petrongolo take a look at labour market issues raised by Brexit. ... Bell and Machin show that areas with relatively low median wages were substantially more likely to vote Leave, and discuss the likely implications of Brexit for wage inequality in the future. Petrongolo argues that immigration has had a positive impact on net fiscal receipts without hurting the labour market prospects of UK-born workers, who are therefore unlikely to benefit from any restrictions imposed on immigration from the EU.

    This article was published online by the Vox on August 1, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.
    Brexit and Wage Inequality, Brian Bell and Stephen Machin, CEP Brexit Blog, July 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage

    Brian Bell webpage
    Growth Programme webpage

    Stephen Machin webpage
    Barbara Petrongolo webpage
    Labour Markets Programme webpage



    News Posted: 01/08/2016      [Back to the Top]

    VideoVox

    A 'Norway Temp' Deal

    What will the arrangement with the EU be? In this video, Swati Dhingra discusses introducing a temporary Norway-like deal. This video is part of the ''Econ after Brexit'' series organised by CEPR and was recorded on 14 July 2016.

    The interview was uploaded to view via CEPR Video Vox on July 29, 2016
    View video here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 29/07/2016      [Back to the Top]

    BBC Asian Network

    News

    Swati Dhingra quoted on the impact of Brexit and likely effect on migration.

    This interview was broadcast on BBC Asian Network on July 27, 2016
    Link to broadcast here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 27/07/2016      [Back to the Top]

    Farming UK

    Will Brexit hit Northern Ireland farmers hardest?

    Professor Curran said said non-tariff barriers could raise costs for NI farmers by between 2% and 4% and a recent study by the Centre for Economic Performance (CEP) found that a 2% increase in non-tariff barriers could actually reduce the North's GDP by 1.4% in the long-run. That is if border and custom controls are re-introduced.

    This article was published online by UK Farming on July 27, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 27/07/2016      [Back to the Top]

    BBC Radio 5

    Radio 5 Live

    Interview with Swati Dhingra on the economic impact of Brexit.

    The interview was broadcast on BBC Radio 5 Live on July 27, 2016
    Link to the programme here

    Related publications
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 27/07/2016      [Back to the Top]

    The Irish Examiner

    Northern farmers 'hardest hit' by Brexit fallout

    Professor Michael Curran, an economist at Villanova University in Pennsylvania, said that while the UK's decision to leave the EU was ''unambiguously bad'' for Ireland and the UK as a whole, Northern Ireland would be hardest hit. ... Prof Curran also warned that the potential reintroduction of border and custom controls would significantly dent Northern Ireland's GDP: ''Some research has shown... that just these non-tariff barriers could raise costs for NI farmers by between 2% and 4% and a recent study by the Centre for Economic Performance (CEP) found that a 2% increase in non-tariff barriers could actually reduce [the North's] GDP by 1.4% in the long-run.''

    This article was published online by The Irish Examiner on July 27, 2016
    Link to article here

    Related publications
    The complete series of Brexit Papers are available online here

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



    News Posted: 27/07/2016      [Back to the Top]

    BBC News

    Brexit migrant 'spike' warning from MPs

    There could be a spike in UK migration ahead of Britain's withdrawal from the European Union and the possible end to free movement rights, MPs have warned.
    Dr Swati Dhingra, from the London School of Economics, told BBC 5 live the rise in the national living wage in the UK might encourage people to travel to the country. She also said if there was a cut-off date ''a lot of people might think, if they want to move to the UK - now is the time''.

    This article was published online by BBC News on July 27, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 27/07/2016      [Back to the Top]

    Foreign Affairs

    The economic consequences of Brexit: A Conversation with Swati Dhingra

    Before Britons voted to leave the European Union, Swati Dhingra, an assistant professor of economics at the London School of Economics, wrote a series of papers with her colleagues trying to convince them otherwise by pointing to the economic consequences. Two weeks after the voters chose Brexit, Dhingra spoke with Foreign Affairs deputy managing editor Stuart Reid in London.

    This article was published online by Foreign Affairs on July 26, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 26/07/2016      [Back to the Top]

    Financial Times

    Ethiopia seen as hottest market for exporters

    Ethiopia is likely to be one of the fastest growing markets for western exporters in the next five years, while erstwhile emerging market heavyweights Brazil and South Africa offer paltry growth. Perhaps less surprisingly, China will continue to be the emerging market with the largest appetite for western imports, even if these fall well below the value of its exports, according to analysis by UniCredit, the Italian bank. Ethiopia, alongside neighbouring Kenya, ''are the two countries that provide the strongest opportunities in Africa, and they are catching up with South Africa,'' says Fadi Hassan, assistant professor of economics at Trinity College, Dublin, and consultant for UniCredit.

    This article was published online by the Financial Times on July 26, 2016
    Link to article here

    Related links
    Fadi Hassan webpage
    Trade Programme webpage

    News Posted: 26/07/2016      [Back to the Top]

    The Independent

    European migrants are not just paying their way, they're paying our way too

    When politicians speak of a need to 'control' EU immigration, we should be asking why. The evidence shows that free movement of people is working for all of us.
    But the available evidence suggests the overall impact of EU migration is beneficial to the UK. EU migrants are more likely to be in work than UK nationals. And, according tot he UCL Centre for REsearch and Analysis of Migration, EU migrants provide a net economic benefit of £22bn. As the LSE Centre for Economic Performance notes, ''this effects may seem small, [but] in the longer-run impact could be substantial''.

    This article was published by The Independent on July 24, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 24/07/2016      [Back to the Top]

    i News

    What people get wrong when talking about post-Brexit economics

    Britain's decision to leave the European Union (EU) has prompted international conversation about the economic implications. But widespread interest doesn't mean widespread expertise. Economists tell i about some of the common post-Brexit misconceptions they've heard in the wake of the vote. ... Dr Thomas Sampson, an economics lecturer at the Centre for Economic Performance (LSE) agrees. ''There is no reason to believe you can have access to the single market while restricting migration,'' Dr Sampson tells i.

    This article was published online by i News on July 21, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 21/07/2016      [Back to the Top]

    Aktuálne.sk (Slovakia)

    United Kingdom in the end: Zavelila for the departure from the EU, in turn, the strategic business of the Kingdom

    ''Brexit makes the UK a less attractive environment for investment, in particular for businesses that rely on the British approach to the single market,'' said economist Thomas Sampson for Mashable. ''Some companies are likely to move some of its activities in continental Europe, though probably not every company that threatens too will really do so.''

    This article was published online by Aktualne.sk (Slovakia) on July 20, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 20/07/2016      [Back to the Top]

    slugger o'toole blog

    Remain campaign a victim of its own left liberal conceits?

    A couple of thoughtful pieces to throw into the melee post-referendum. First Tim Harford in today's FT
    And to the idea that economists don't know what they are talking about (a new broadly held myth scaled up by the fact no one saw the crash coming), he has this to note: The Institute for Fiscal Studies is full of experts on tax and household income; the Centre for Economic Performance studies globalisation, technology and education. Blaming these people for not foreseeing the collapse of Lehman Brothers is like blaming a brain surgeon for the spread of obesity.

    This article was published online by slugger o'toole on July 20, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

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



    News Posted: 20/07/2016      [Back to the Top]

    TradingFloor.com

    From the floor: sterling on the ropes

    Ahead of the Brexit vote, the great transnational institutions that have come to, if not govern, then certainly guide the post-World War Two order were all out talking apocalypse. Britain will ''almost certainly'' be worse off post-Brexit, said the Institute for Fiscal Studies, the National Institute of Economic and Social Research, and the Centre for Economic Performance in a joint statement. ''A dark star, whose name is Wormwood, will fall to the rivers making the water bitter,'' said another institution whose exact name and acronym we can't recall. In any sense, the official line was Brexit=bad. But in the wake of the vote, it would appear that markets have been able to sustain the impact and are generally keeping calm and carrying on. Did the UK, financial reporters began to wonder in hushed terms, get away with it?

    This article was published online by Trading Floor on July 20, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 20/07/2016      [Back to the Top]

    The Financial Times

    Metropolitan myths that led to Brexit

    Finally, there is the low reputation of economists, the result of a global financial crisis that only a few in the profession warned us against. But the institutes that analysed the risks and rewards of Brexit can hardly be blamed for that. The Institute for Fiscal Studies is full of experts on tax and household income; the Centre for Economic Performance studies globalisation, technology and education. Blaming these people for not foreseeing the collapse of Lehman Brothers is like blaming a brain surgeon for the spread of obesity.

    This article was published by the Financial Times on July 20, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 20/07/2016      [Back to the Top]

    HIS Fairplay.com

    Uk Chamber of Shipping hears Brexit warning

    The UK Chamber needs to know the details because member shipowners gain their revenue from trade; however, Dr Swati Dhingra, lecturer at the Centre for Economic Performance at the London School of Economics, brought little good cheer. The overwhelming sentiment from economists, she observed, is that Brexit is negative for the country's economy, with forecasts of a decline in the UK's GDP of an optimistic 2% and a pessimistic 8% from current levels by 2030. There will also be a divergence of regulatory policy between the EU and UK, increased levels of border checks, and other unspecified administrative burdens.

    This article was published online by IHS Fairplay.com on July 19, 2016
    Link to article here

    Related publications
    Brexit: the impact on UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen. Article in CentrePiece Volume 21, Issue 1, Summer 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here

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



    News Posted: 19/07/2016      [Back to the Top]

    IOL

    Brexit economists say Britain can still benefit

    The economic model used by Professor Minford to deliver his forecasts has been severely criticised by other analysts at the London School of Economics as being built on ideology, rather than facts. They argued, before the referendum result, that it ignored “basic facts” about international trade, such as that countries tend to trade more with geographically close countries and that the EU has created trade, rather than merely diverting it from elsewhere

    This article appeared on IOL on 14 July. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 14/07/2016      [Back to the Top]

    Huffington Post Canada

    Brexit demonstrates perils of unchecked globalisation

    Various analysis have shown that Brexit will adversely affect Britain's economy. According to the Centre for Economic Performance, LSE, Britain's economy will decrease by 1.3 per cent to 2.6 per cent without considering foreign investment, migration and reduced trade. When the long-run effects of Brexit on productivity are considered, the decline in income is forecast to be between 6.3 per cent and 9.5 per cent. PwC estimates that the decrease will be between 3.0 to 5.5 per cent in 2020. Also, Oxford Economics predicts that it will decrease by 0.1 per cent to 3.9 per cent.

    This article was published online by the Huffington Post Canada on July 12, 2016
    Link to article here

    Related publications
    Brexit: the impact on UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen. Article in CentrePiece Volume 21, Issue 1, Summer 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here

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



    News Posted: 12/07/2016      [Back to the Top]

    VOX

    The economics of Brexit: Pre-referendum videos and columns on VoxEU.org

    Two weeks ago, UK voters took the most important economic decision in a generation. The factual basis for this decision was - to say the least - not quite up to the nation's highest standards of evidence. ... The fragmented nature of this ''factual basis'' arose despite an impressive, if uncoordinated, effort by the economics profession to study the question. Particularly noteworthy were the various studies by the LSE's Centre for Economic Performance (e.g. Breinlich et al. 2016), the National Institute of Economic and Social Research (e.g. Baker et al. 2016), and the Centre for European Reform (e.g. Springford et al. 2016). And of course the Treasury produced several economic studies of the short- and long-run effects, the impact on public finances and on pensions.

    This article was published by the VOX blog on July 12, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, CEP Brexit Analysis Series Paper No.08, June 2016
    Who Bears the Pain? How the costs of Brexit would be distributed across income groups, Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.07, June 2016
    The complete set of papers published in the CEP Brexit Analysis Series can be seen herer

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 12/07/2016      [Back to the Top]

    The Scotsman

    Bill Jamieson: Secret report makes you choke on the canapes

    For example, I have obtained an internal Scottish Enterprise document circulated last week among senior managers declaring the consequences of Brexit for the Scottish manufacturing sector ''to be overwhelmingly negative''. The 15-page analysis, which is not intended for publication, sets out a wide range of political outcomes. It is a deeply depressing document. ...
    The SE paper carries an estimate from the Centre for Economic Performance that under the ''optimistic'' Norway model and the ''pessimistic'' WTO, ''trade will be negatively impacted by Brexit in both the short and long term''. It also quotes from a PwC study commissioned by the CBI projecting a decline in GDP per capita of up to 2.7 per cent by 2030.

    This article was published by The Scotsman on July 9, 2016
    Link to article here

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series No.4, April 2016
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 09/07/2016      [Back to the Top]

    greenreport.it (Italy)

    Brexit, cause e conseguenze demografiche viste dall'Italia

    Confusion reigns
    ... belonging to Europe forced Britain to accept internal migratory movements, students, workers, entrepreneurs, family. Between 1995 and 2015, the number of foreigners from other EU countries increased from 0.9 to 3.3 million; at the latter date, 29 percent were Polish, 13 percent Irish, and then with decreasing rates from 7 to 5 percent, Lithuanians, Romanians, Italians, Portuguese, French, German and Spanish. ... the educational level is higher on average. The immigration of Europeans has made a leap in 2004 (with the arrival in Europe of 10 new countries, including Poland), followed by a decline with the onset of the crisis in 2007.

    This article published by greenreport.it (Italy) on July 6, 2016 cites research by the Centre for Economic Performance
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series Paper No.05, June 2016
    Technical Appendix to CEP Brexit Analysis Series Paper No.05

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage

    News Posted: 06/07/2016      [Back to the Top]

    World Folio Blog

    BREXIT: Regional integration and preventing the next Italeave and Fradieu

    International organizations like IMF and the OECD along local English institutions such as the Bank of England, the British Treasury, and the Center for Economic Performance have issued separate reports on the downside of separation, agreeing on the fact that leaving the EU would be an economic net negative for the UK and would immerse the country in an immediate recession.

    This article appeared in World Folio Blog on 5 July 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 05/07/2016      [Back to the Top]

    The Sunday Leader (Sri Lanka)

    The good, the bad and the ugly of Brexit

    Overall, Brexit is likely to have a negative impact on inward FDI. New empirical analysis by Center for Economic Performance implies that leaving the EU will reduce FDI inflows to the UK by around 22 per cent. Such losses of investment will damage UK productivity and could lower real incomes by 3.4 per cent. This is larger than our estimates of the static income losses from trade, which are 2.6 per cent even under our 'pessimistic scenario' (Dhingra et al, 2016). Case studies of cars and finance also show that Brexit would lower EU-related output of goods and services, and erode the UK's ability to negotiate concessions from regulations on EU related transactions.

    This article was published online by The Sunday Leader (Sri Lanka) on July 3, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here

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



    News Posted: 03/07/2016      [Back to the Top]

    BBC World Service

    The Road to Brexit, In the Balance

    Thomas Sampson, economist at the London school of economics, joins a panel discussion

    This programme was broadcast on BBC World Service on 2 July 2016. Link

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related Links
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 02/07/2016      [Back to the Top]

    Royal Economic Society Newsletter

    Conference Report 2016

    The Society's Annual Conference was held at the University of Sussex, 21-23 March. This report was prepared by Ferdinando Giugliano, focusing on four fields of economic research: development economics; political economy; labour economics and macroeconomics.
    Development Economics
    In a separate session, there was one other interesting piece of work on development economics. A paper by Marco Manacorda and Andrea Tesei (both Queen Mary, University of London) looked at the role played by mobile phones in protests in Africa. It tests the widely-held hypothesis that mobile phones have acted as 'liberation technology', helping citizens who are dissatisfied with their governments to mobilise against them. The two authors find that on average mobile phone coverage does not lead to more protests. However, during a downturn, the spread of mobile phones is associated with more episodes of organised political discontent. One hypothesis is that portable devices make individuals better informed about the state of the economy. Technology may therefore allow the channelling of discontent when this is caused by some external factor, such as a recession.
    Political Economy
    John Van Reenen and Swati Dhingra (both LSE) presented a study from the Centre for Economic Performance looking at the costs of Brexit. They found that this could be between 1.3 per cent and 2.6 per cent of gross domestic product just from a simple static model that only looks at trade. However, the cost could rise to between 6.3 per cent and 9.5 per cent of GDP if the dynamic, long-term losses are included. While these estimates are obviously imperfect, their central finding that Britain would suffer non-trivial losses in case of exit appears hard to rebut.
    Labour Economics
    Stephen Machin (UCL, LSE) showed that in the UK the minimum wage has gone up since its introduction in 1999 by more than the average wage. Still, this increase has had no significant detrimental effects on employment. However, the introduction of the new 'living wage' announced by George Osborne this year poses significant challenges. The new minimum wage will be set at £7.20 an hour this year and will rise to £9 an hour by 2020, lifting the coverage of the living wage substantially. The question is therefore whether this new, higher, floor will have significant effects on employment and profits. The Office for Budget Responsibility only forecasts a reduction of around 60,000 jobs. Conversely, the value of shares of low-wage companies fell rather significantly on the day of Osborne's announcement, offering provisional evidence that profits may fall in the future. Machin has looked at the company accounts published since the announcement finding that, indeed, most companies plan to take a hit on profits. However, there may still be an adjustment in terms of employment for those companies that earn little or no profits at all, for example, care homes.

    This Conference Report was published by The Royal Economic Society in its July Newsletter
    Link to the Report here

    Related publications
    Liberation Technology: Mobile Phones and Political Mobilization in Africa, Marco Manacorda and Andrea Tesei, Centre for Economic Performance Discussion Paper No.1419, March 2016
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.08, June 2016

    Related links
    Swati Dhingra webpage
    Stephen Machin webpage
    Marco Manacorda webpage
    John Van Reenen webpage
    Growth Programme webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 01/07/2016      [Back to the Top]

    Internazionale

    Come cambiano le regole per gli immigrati dopo la Brexit

    For many it is a windfall: according to the research of the Centre for Economic Performance, a research centre, EU migrants are more likely, compared to the local population, to have received a university education or to have a job, and you are less likely to require public subsidies.

    This article was published online by Internazionale (Italy) on July 1, 2016
    Link to article here

    Related publications
    Why immigration is no reason to leave the EU, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth. Article in CentrePiece Volume 21, Issue 1, Summer 2016
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 01/07/2016      [Back to the Top]

    World Politics Journal

    To Brexit or not to Brexit? That's not the question!

    Economists and political analysts have debated over the long-term effects of the vote on the future of the British economy. Prior to the referendum many warned that Brexit could have dire consequences for Britain, including losing access to European markets, which account for 48% of British exports, eventually leading to a drop in exports and ultimately, a recession. Many have discussed the economic turmoil and have suggested that investments would drop due to uncertainty. Leading up to the referendum, the Center for Economic Performance at the London School of Economics put out a research brief suggesting that exiting the EU would cause the British economy to suffer. The New York Times argued that the Brexit would make Britain poorer and Britain would become less productive. Others predicted a financial crisis.

    This article was published online by the World Politics Journal on June 30, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 30/06/2016      [Back to the Top]

    Finyear (France)

    Brexit: quelles consequences pour les entreprises francaises?

    Customs return seems unlikely, according to a recent study (November 2015) of the Center for Economic Performance at the London School of Economics who bet on the establishment of a free trade agreement. ''However, an increase in the costs of at least 2 per cent trade appears inevitable, due to non-tariff barriers. However, if tariffs were to be reinstated, some French, but few companies could be tempted to settle locally in order to propose the ''Made in Britain'' and thus circumvent these fees. But the main consequence of the Brexit in the longer term, will be the weakening of the local market, ''estimated at 6 per cent by 2030 by the British Treasury''. Consequence: the French companies could revise downward their inclinations to anchor in this market. ''The final impact will depend on the decision of whether to maintain trade preferences between the continent and the United Kingdom, despite an exit from the EU'' concluded the study.

    This article was published online by Finyear (France) on June 29, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 29/06/2016      [Back to the Top]

    Canadian Press (French Edition) online

    Un vote pour la sortie du Royaume-Uni de l'UE aurait plusieurs conséquences

    But the Centre for Economic Performance at the London School of Economics sees lasting consequences: the separation of the United Kingdom would without a doubt have a negative impact on foreign direct investment, who themselves have effects on wages and productivity of the country. ''The United Kingdom would be permanently poorer if we were to leave the European Union'', says the report of the British Treasury.

    This article was published online by the Canadian Press (French edition) online, on June 29, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

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



    News Posted: 29/06/2016      [Back to the Top]

    The Christian Science Monitor

    Why Brexit vote prompted Vodafone to contemplate leaving Britain

    Less than a week after Briton's voted to exit the EU, the worlds second largest telecom company [Vodafone] has announced it is considering moving its headquarters from London to mainland Europe.
    Vodafone's warning could perhaps foreshadow a possible shift in jobs and investments from Britain to the rest of the EU. ''It will be more a movement on the margins than big, discreet changes,'' Thomas Sampson, a professor at the London School of Economics (LSE) who specializes in international trade, growth, and development, tells The Christian Science Monitor a phone interview. ''We might see some companies like Vodafone relocating their headquarters. We might see others investing less in the UK,'' he adds, mentioning, as an example, a financial firm relocating jobs from London to Paris, Frankfurt, or other cities in the Eurozone.
    ''The UK [labor] market is highly dynamic and would adjust to these changed trade arrangements quickly,'' writes Ryan Bourne, the head of public policy at the London-based Institute of Economic Affairs think tank ...
    Swati Dhingra, Mr. Sampson's colleague and a lecturer at the London School of Economics, disagrees, telling the Monitor that Vodafone's concerns are symbolic of a larger trend. ''It says even service trade companies, or companies that we think of as advanced manufacturers, are the ones moving their headquarters somewhere else,'' she says in a phone interview Wednesday. ''That is the real concern for the UK. It's not bad jobs moving away. It's good jobs potentially moving away.''

    This article was published online by The Christian Science Monitor on June 29, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK’s options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.03, April 2016
    Technical Appendix to CEP Brexit Analysis Series Paper No.03
    See the complete series of CEP Brexit Analysis papers here

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 29/06/2016      [Back to the Top]

    Quartz

    Charts: Half of the UK's foreign investment comes from the countries it just snubbed

    In the meantime, things look pretty bleak. Earlier this year a team from the London School of Economics estimated that leaving the EU will lead to a 22% decline in investment from abroad. (Other studies have projected both better and worse outcomes.) The supporting research focuses on the impact of leaving on the automobile manufacturing and financial industries.

    This article appeared on quartz on 29 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 29/06/2016      [Back to the Top]

    Dagens Industri (Sweden)

    Ekonomiprofessor räknar med fortsatt fall

    ...resultatet av folkomrostningen. Gianluca Benigno, ekonomiprofessor vid London School of Economics, sager att han forst...
    ...the result of the referendum. Gianluca Benigno, economics professor at the London School of Economics, says that he first...

    This article was published online by Dagens Industri (Sweden) on June 28, 2016
    Link to article here

    Related Links
    Gianluca Benigno webpage
    Trade Programme webpage



    News Posted: 28/06/2016      [Back to the Top]

    Politico.eu

    'A midsummer night's nightmare' for European trade

    UK's EU exit will make transatlantic trade talks even tougher.
    ''There's every reason to believe that the right-wing lurch of Brexit could turn the U.K. into a paradise for free market capitalism: a TTIP on steroids,'' said Nick Dearden, the director of Global Justice Now. ...
    Swati Dhingra, assistant professor of economics at the London School of Economics, said such fears are not unwarranted. ''During a trade negotiation, when a smaller country negotiates with a bigger one, in this case the largest in the world, it often ends up conceding much more than it wants in order to be granted market access.''

    This article was published online by Politico.eu on June 28, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    To view all of the CEP Brexit Analysis Series, see here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 28/06/2016      [Back to the Top]

    Newsweek

    Don't Believe the Brexit Prophecies of Economic Doom

    We were told that the consensus of economic experts were overwhelmingly opposed to a Brexit. Lauded institutions—from the IMF, OECD to the Treasury and London School of Economics—produced damning forecasts that ranged from economic hardship to total disaster if the U.K

    This article appeared in Newsweek on 28 June 2016. Link to article

    Related publications See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 28/06/2016      [Back to the Top]

    9 News

    'Brexit' is here: What happens next

    The United Kingdom voted Thursday for a British exit — or "Brexit" — from the European Union. What happens now is "a leap into the unknown," according to a report on "Life After Brexit" by the London School of Economics

    This article appeared on 9 News on 28 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 28/06/2016      [Back to the Top]

    Yahoo! Finance

    This is why Brexit will be a nightmare for the UK

    This arrangement “would not generate substantial fiscal savings for the UK government,” according to a recent analysis by the London School of Economics and Political Science.

    This article appeared on Yahoo! Finance on 28 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 28/06/2016      [Back to the Top]

    Eurasia Review

    What now for Britain and EU? - Analysis

    The Prime Minister must now be regretting including the in/out referendum in his earlier election manifesto pledges to win over the far-right votes. Not taking lessons from the close call in the Scottish referendum, he gambled with the future of the country and lost, announcing he will step down. The public in the meantime were bombarded with polls and predictions of varying degrees of reliability. In a final attempt to highlight the economic dangers of Brexit, three top institutions - the National Institute of Economic and Social Research, Institute for Fiscal Studies and Centre for Economic Performance - released a joint statement on 21 June warning: ''A vote to leave the EU would almost certainly make us financially worse off compared with staying in the EU, quite possibly by a substantial amount.'' It seems that the majority of the British public chose to ignore the almost unanimous expert advice, with the belief that the UK can go it alone successfully, in a vote that truly went against the establishment.

    This article was published online by Eurasia Review on June 28, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 28/06/2016      [Back to the Top]

    Vox.eu

    Italy's productivity conundrum: The role of resource misallocation

    Many advanced economies have experienced a productivity slowdown in recent years. Italy, however, has been experiencing such a slowdown since the mid-1990s. This column provides a detailed analysis of Italy’s patterns of misallocation over this period. Firms in the Northern regions, as well as large firms, have experienced the sharpest increase in resource misallocation. To tackle the resulting productivity slowdown, reforms need to address unemployment benefits and higher education, as well as encouraging investment in intangible assets.

    This article appeared on Vox.eu on 28 June 2016 Link to article

    Related Links
    Fadi Hassan webpage
    Gianmarco Ottaviano webpage
    Trade Programme webpage


    News Posted: 28/06/2016      [Back to the Top]

    BBC World News

    BBC Business Live

    Thomas Sampson discusses UK’s options for trade and access to single market.

    This programme was broadcast on BBC World News on 28 June 2016. Link

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related Links
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 28/06/2016      [Back to the Top]

    BBC World Service

    Swati Dhingra interview

    Swati Dhingra discusses fall in Sterling, drop in GDP and recruitment freeze among companies as a result of Brexit

    This interview was broadcast on BBC World Service on 28 June 2016. Link

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 28/06/2016      [Back to the Top]

    Global Times

    China least affected by Brexit fallout

    Bai's opinion was echoed by Gianmarco Ottaviano, a professor at the London School of Economics and Political Science, who expects Chinese enterprises to transfer some of their investments from the UK to EU countries in the wake of the UK vote, according to domestic news portal hexun.com, citing the BBC.

    This article appeared in the Global Times on 28 June 2016. Link to article

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related Links
    Gianmarco Ottaviano webpage
    Trade Programme webpage


    News Posted: 28/06/2016      [Back to the Top]

    The Huffinton Post - Korea

    Brexit will show what we have on the sheet

    British unemployment shows the transition graph of the influx immigrants. 2005-2010 immigrant unemployment rate is rapidly increased rather than fell. ©Jonathan Wadsworth, Center for Economic Performance. [Text with Figure 4: Unemployment of UK-born and EU immigration, 1975-2015, from CEP Brexit Analysis, Paper No.5, May 2016.]

    This article was published online by The Huffington Post - Korea on June 27, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 27/06/2016      [Back to the Top]

    El Correo Gallego.es (Spain)

    No hay prisa para salir

    Parecidos resultados obtiene para los mismos escenarios el informe del Centre for Economic Performance de la London School of Economics
    In the three cases the fall of GDP in per cent, following the same order, would be 3.8, 6.2 and 7.5. Similar results obtained for the same scenarios the report of the Centre for Economic Performance of the London School of Economics.

    This article was published online by El Correo Gallego (Spain) on June 27, 2016
    Link to article here

    Related publications
    The complete series of Brexit Papers are available online here

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



    News Posted: 27/06/2016      [Back to the Top]

    The Conversation

    Don't believe the Brexit prophecies of economic doom

    We were told that the consensus of economic experts were overwhelmingly opposed to a Brexit. Lauded institutions - from the IMF, OECD to the Treasury and London School of Economics - produced damning forecasts that ranged from economic hardship to total disaster if the UK leaves the EU.

    This article was published online by The Conversation on June 27, 2016
    Link to article here

    Related publications
    The complete series of Brexit Papers are available online here

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



    News Posted: 27/06/2016      [Back to the Top]

    Politico.eu

    ‘A midsummer night's nightmare' for European trade

    Swati Dhingra, assistant professor of economics at the London School of Economics, said such fears are not unwarranted. “During a trade negotiation, when a smaller country negotiates with a bigger one, in this case the largest in the world, it often ends up conceding much more than it wants in order to be granted market access.”

    This article appeared in Politico.eu on 27 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here .

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

    News Posted: 27/06/2016      [Back to the Top]

    News GD.com

    China least affected by Brexit fallout

    Bai's opinion was echoed by Gianmarco Ottaviano, a professor at the London School of Economics and Political Science, who expects Chinese enterprises to transfer some of their investments from the UK to EU countries in the wake of the UK vote, according to domestic news portal hexun.com, citing the BBC.

    This article appeared on News GD.com on 27 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here .

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


    News Posted: 27/06/2016      [Back to the Top]

    FT.com

    UK Economy: Brexit in seven charts - the economic impact

    Millions of words on the topic - including economists' majority view that leaving the bloc will slow growth and the Leave campaign's counterarguments that Britain will prosper - could be replaced by seven charts. These sum up the arguments over what breaking up with Brussels will really mean for jobs, growth and public finances.

    Do migrants reduce UK wages?
    The chart [chart sourced from the CEP Brexit Analysis Paper No.05] shows the change in the share of EU immigrants for every local area in the UK (left to right) and the change in local wage levels (up and down). There is no correlation, indicating that areas with high levels of immigration do not have lower wage growth. There is no indication that immigration reduces wages.

    This article was published by FT.com on June 27, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016
    See Figure 9 on page 10 for sourced chart.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage


    News Posted: 27/06/2016      [Back to the Top]

    The Economist

    What happens to EU migrants in Britain

    ''IMMIGRATION, immigration, immigration'', shouted a headline in the Sun, a right-wing tabloid newspaper, the week that Britain voted to leave the European Union. It followed weeks of campaigning from the Leave side assuring voters that they would ''take back control'' and restrict EU migration if Britain left the club. Now that the referendum has just been won in favour of Brexit, what will happen to the EU migrants currently in Britain - and to British nationals living in the EU? Some 3m EU nationals live in Britain, compared with 1.2m Britons who live on the continent. The volume of EU migrants coming to Britain has increased since the club was expanded in 2004. Last year net migration from the EU was at a historic high, mostly because fewer Brits were moving abroad. Many consider this a boon: according to research from the Centre for Economic Performance, a think-tank, EU migrants are more likely to be university-educated, less likely to claim benefits and more likely to be in a job than the native-born population.

    This article was published online by the Economist on June 27, 2016
    Link to article here

    Related publications
    Why immigration is no reason to leave the EU, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth. Article in CentrePiece Volume 21, Issue 1, Summer 2016
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 27/06/2016      [Back to the Top]

    BBC Radio 4

    Swati Dhingra interview

    Dr Swati Dhingra discusses Brexit economic impact to households

    This programme was broadcast on 26 June 2016. Link

    Related publications
    See the complete set of CEP Brexit Analysis research papers here .

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 26/06/2016      [Back to the Top]

    Seeking Alpha

    The Consequences Of Brexit

    These numbers all point to a significant deterioration in the economy. In fact, it is a disaster for the U.K. as inflation will skyrocket (note that the British pound dropped 15% against gold in one day) and incomes could drop 2.3% according to a report issued by the Centre for Economic Performance at the London School of Economics.

    This article appeared on Seeking Alpha on 26 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 26/06/2016      [Back to the Top]

    Belfast Telegraph

    EU Referendum: Northern Ireland household budgets likely to be hit by rise in food prices and higher taxation

    However, the London School of Economics expects the economy to be smaller by between 6.3% and 9.5% than if we stayed a member of the EU.

    This article appeared in the Belfast Telegraph on 26 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 26/06/2016      [Back to the Top]

    Belfast Telegraph

    EU Referendum: Northern Ireland household budgets likely to be hit by rise in food prices and higher taxation

    However, the London School of Economics expects the economy to be smaller by between 6.3% and 9.5% than if we stayed a member of the EU.

    This article appeared in the Belfast Telegraph on 26 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 26/06/2016      [Back to the Top]

    BBC World Service - In the Balance

    UK votes to leave EU

    What does the UK's decision to leave the European Union mean for the future of the single market? Economists talk of sustained market turbulence, devaluations and an imminent recession, but will it be Britain or the EU suffering the worst effects long-term? And as eurosceptic political parties across the continent are buoyed by the UK's vote and call for their own referendums, what must the EU project itself do to survive? Ed Butler is joined by three guests from across the EU: Damien Lempereur from Debout La France, a political party which wants a French exit from the EU; Jens Zimmerman, a member of Germany's Social Democratic Party and part of Angela Merkels coalition government; and Swati Dhingra, from the London School of Economics.

    This programme was broadcast on the BBC World Service Radio - In the Balance programme on June 26, 2016
    Link to broadcast here [Swati Dhingra brought in to the interview 08:37]

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 26/06/2016      [Back to the Top]

    PBS NewsHour

    What Brexit might do to the British economy

    Now that the UK has voted to leave the EU, one of the biggest remaining questions is how it will affect the British economy. Hari Sreenivasan sits down with London School of Economics professor Swati Dhingra, who has been studying the potential effects since the referendum was announced last year, to discuss.

    This interview was broadcast by PBS NewsHour (United States) on June 25, 2016
    Link to broadcast on YouTube here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 25/06/2016      [Back to the Top]

    politics.co.uk

    No more excuses: stand up for immigrants

    Labour MPs now walk around saying that immigration reduces domestic wages, that the rich man has got a cheaper plumber, but the indigenous plumber has had to reduce his fees. Usually this argument is framed as an assault on the 'white working class', as if we don't have any black or Indian or Pakistani or Bangladeshi working class people in this country. Well that's a lie too. We have no idea if immigration reduces wages and in fact many studies show it does the precise opposite. PwC research suggests it raises the median income by 0.7%. LSE found areas with high immigration did not have lower wage growth.

    This article was published online by politics.co.uk on June 25, 2016
    Link to article here

    Related news article
    EU migrants have no negative effect on UK wages, says LSE’, The Guardian, 11 May 2016

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Paper No.05, May 2016

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 25/06/2016      [Back to the Top]

    The Daily Dot

    Brits are Googling 'what happens if we leave the EU?' one day after voting to do exactly that

    Last night, as it became clear that Britain had voted to exit the European Union, Google Trends reported a 250 percent spike in searches for ''what happens if we leave the EU?''
    Markets are crashing around the world, Prime Minister David Cameron has resigned, and things have become uncertain for immigrants to the U.K. and U.K. citizens living abroad in the EU. And Scotland will likely take this opportunity to reconsider that whole independence question. How come nobody predicted this?
    Oh, wait, everybody predicted this.
    ''It's likely that Brexit (and what an ugly neologism it is) would lead to plummeting stock markets and an economic recession, with losses to GDP calculated by the Centre for Economic Performance at up to 9.5% - worse than the 2008 financial crisis,'' wrote Alex Preston in Guardian, more than a year ago. The article was headlined ''What would happen if Britain left the EU?'' and is one of the top Google results for the question.

    This article was published online by the Daily Dot on June 24, 2016
    Link to article here

    Related publications
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    LiveMint.com

    Time to clear Brexit's poisonous air

    According to an analysis, Brexit and the impact on immigration, published by the Centre for Economic Performance at the London School of Economics, EU immigrants are ''more educated, younger, more likely to be in work and less likely to claim benefits than the UK-born. About 44% have some form of higher education, compared with only 23% of the UK-born. About one-third of EU immigrants live in London, compared with only 11% of the UK-born''.

    This article was published online by LiveMint.com on June 24, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    Forbes Online

    The UK ditches the Establishment and come November we might too

    The parallels between Brexit backers and Trumps supporters is clear. Trump's campaign targets manufacturing towns across America, frequently expressing the need to reject globalism and put ''America first''. In Britain, there has been similar talk of finally putting the UK ahead of Europe from the Leave campaign. Both Trump's campaign and the Leave campaign promote economic protectionism and rile up fears of an immigrant invasion that would take away jobs and lead to freeloading off the social services system. It follows that it looks like citizens in the UK were willing to damage their economic stability in exchange for protectionist policies and more sovereignty. The Centre for Economic Performance analysis of Brexit predicts a 1.3%-2.6% fall in the average UK income, with the overall GDP dropping £26 to 55 billion.

    This article was published online by Forbes on June 24, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 24/06/2016      [Back to the Top]

    GoodtoKnow

    What leaving the EU could mean for you and your family

    ''You're going to see in increase in consumer prices from Brexit and most of that is going to hit the middle income,'' Swati Dhingra, assistant professor at LSE's Department of Economics and Centre for Economic Performance told Mashable. According to the Independent, initially the rises would be mostly hit imported goods - food and clothes being the most obvious - ''but inflation has a tendency to spread and to gain its own momentum,'' meaning overall costs on all of your purchases could go up.

    This article was published online by GoodtoKnow on June 24, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 24/06/2016      [Back to the Top]

    Investors Chronicle

    Equities after Brexit

    Whenever share prices fall significantly investors should ask: is this because future dividends will be lower, or is it because risk aversion has increased?
    ... So, which of these explanations applies to the post-Brexit drop in UK shares? We have two reasons to hope the fall is temporary. One is simply that prices have fallen so far. As I write, the FTSE 250 is down by ten per cent since Thursday: this is a better gauge of domestically-oriented share prices than the FTSE 100, which is dominated by multinationals some of which have little exposure to the UK economy. This is greater than even the most pessimistic economists' assessment of the long-term impact of Brexit upon GDP - the Centre for Economic Performance's estimate of a nine per cent hit. (Most economists estimate the impact will be only around half this: the NIESR, for example, puts this cost at 2.7-3.7 per cent.)

    This article was published online by Investors Chronicle on June 24, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 24/06/2016      [Back to the Top]

    Le Monde

    Economie: Le revenue des plus pauvres des Britanniques pourrait perdre 12,5%

    Thomas Sampson, economiste a la London School of Economics, est coauteur d'une etude sur le cout du Brexit pour les menages britanniques.
    Thomas Sampson answers questions on the possible consequences of a vote for Brexit, put to him by the French Newspaper Le Monde.

    This article was published online by Le Monde - Economie - on June 24, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.08, June 2016

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    BT.com

    Brexit: what's going to happen to our money now we're leaving the EU?

    Minford said that the economy would be more dynamic and more efficient now that we're out of the EU. Swati Dhingra disagreed, saying that the economy would suffer because of a shallower pool of talent from other EU countries. ''People come here young and able to work'', she said. Contrary to the red tape rhetoric, Dhingra says that Britain is one of the most regulation-free markets in the world - right up there with the USA and Canada.

    This article was published online by BT.com on June 24, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    Good to Know

    What leaving the EU could mean for you and your family

    'You're going to see in increase in consumer prices from Brexit and most of that is going to hit the middle income,' Swati Dhingra, assistant professor at LSE's Department of Economics and Centre for Economic Performance told Mashable.

    This article appeared on Good to Know on 24 June 2016 Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 24/06/2016      [Back to the Top]

    LoveMoney.com

    EU Referendum 2016: What will happen to your money now we've voted to Brexit?

    So we've decided to take a leap and vote to leave the EU. What is it going to mean for you and your money? We've voted. The decision has been made. We're out of the European Union, in a move that has triggered the Prime Minister's resignation. Where do we go from here? Both the Leave and Remain campaigns were very vocal about what would happen if we left the EU. Here's a look at what has already happened this morning, and what might lie ahead for your finances. ...
    Economists for Brexit's Patrick Minford said that Remainers were thinking about the departure in the wrong way: ''Osborne has false assumptions about what Brexit would be, condemning us to less free trade than we have at the moment,'' he said in the build-up to the referendum. ''EU firms will not like us leaving and selling into a market which is more competitive. It's time for our industries to adjust.'' Minford said that the economy would be more dynamic and more efficient now that we're out of the EU. Swati Dhingra disagreed, saying that the economy would suffer because of a shallower pool of talent from other EU countries. ''People come here young and able to work,'' she said. Contrary to the red tape rhetoric, Dhingra says that Britain is one of the most regulation-free markets in the world - right up there with the USA and Canada.

    This article was published online by LoveMoney.com on June 24, 2016
    Link to article here

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    TRT World (Turkish News Channel_

    Britain votes to leave EU in historic referendum

    Dennis Novy interviewed by Turkish TV News Channel, discussing the economic impact for the UK of the Brexit vote.

    This interview was broadcast by TRT World (Turkey) TV on June 24, 2016
    Link to the broadcast here

    See interviews also shown on:
    ANN7 (South African TV station): live phone interview
    Sky News Arabia

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 24/06/2016      [Back to the Top]

    negocios (Portugal)

    Swati Dhingra: ''A Europa nao interessa um bom acordo com o Reino Unido em caso de Brexit''

    Swati Dhingra: ''Europe doesn't matter a good deal with the United Kingdom in the case of Brexit''
    The British economy will go down between 1.4% and 2.6% in pessimistic scenario. And life won't be made easier with having to negotiate an agreement with the European Union, says the Business Professor at LSE.

    This article was published by negocios (Portugal) on June 23, 2016
    Link to the article here

    Related publications
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 23/06/2016      [Back to the Top]

    Versus

    Brexit: comunque vada, l'incertezza e l'unica certezza

    Brexit: whatever happens, uncertainty is the only certainty
    Il LSE Centre for Economic Performance ha esaminato l'analisi economica del prof. Patrick Minford, celebre economista pro-Brexit, e l'ha bocciata senza appello. Riporto qui due commenti ben poco lusinghieri tratti dalla critica al lavoro di Minford pubblicata dal LSE Centre.
    The LSE Centre for Economic Performance, examined the economic analysis of prof. Patrick Minford, famous economist pro-Brexit, and he rejected without appeal.

    This article was published online by Versus on June 14, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

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



    News Posted: 23/06/2016      [Back to the Top]

    The New York Times

    Turbulence and uncertainty for the market after 'Brexit'

    Few expect that Britain's departure from Europe will set off a full financial crisis like the one seen after the collapse of the investment banking giant Lehman Brothers in 2008. ... If no deal is struck, the rules of the World Trade Organization could apply. They give member nations the rights to impose potentially steep tariffs on imports, raising the possibility of a tit-for-tat trade skirmish between Britain and the Continent. In the meantime, the lack of clarity is likely to damage economic growth in Britain and beyond. ''You get a rabbit-in-the-headlights phenomenon where businesses don't want to make new decisions, or new investments, because they are uncertain about the future,'' said John Van Reenen, director of the Center for Economic Performance at the London School of Economics. ''The immediate effect will be a lowering of investment activity, a lowering of hiring. There will an immediate slowdown of growth.''

    This article was published by The New York Times on June 23, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

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



    News Posted: 23/06/2016      [Back to the Top]

    RadioLIVE

    Brits vote on the Brexit tonight, polls have the result ''too close to call''

    Paul Henry talks with Adam Drummond, Opinium research manager, followed by Swati Dhingra, lecturer at the London School of Economics, on the Brexit. How are the polls looking, and what economical fallout could face the UK if Britain leaves the EU?

    This broadcast was made by RadioLive (New Zealand) on June 23, 2016
    Link to video broadcast here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 23/06/2016      [Back to the Top]

    ABC News (Australia)

    Brexit would mean a UK recession, London School of Economics report finds

    Research by the London School of Economics in the report ''Life After Brexit'' is warning Britain would most likely fall into recession if it leaves, as a myriad of agreements unravel over several years. French launch #Operationcroissant Parisians arrive in London, bearing croissants and love letters to convince their neighbours to stay in the EU. The co-author of the report, Professor Swati Dhingra, was the latest to agree with warnings from the British Treasury that a Leave vote would be a shock to the UK economy and rattle global financial markets.

    This article was published online by ABC News (Australia) on June 23, 2016
    Link to article here

    Related publications
    Life after BREXIT: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson. CEP Brexit Analysis Series Paper No.01, February 2016
    View the complete set of CEP Brexit Analysis Papers here

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage


    News Posted: 23/06/2016      [Back to the Top]

    FT.com

    EU Referendum: economic message lost on voters

    By the end of the campaign, the heads of Britain's most respected economic think-tanks issued a joint statement, so worried were they that the message had failed to connect. Paul Johnson, head of the Institute for Fiscal Studies, Jagjit Chadha, director of the National Institute of Economic and Social Research and John van Reenen, head of the Centre for Economic Performance at the London School of Economics, said Brexit would ''almost certainly make us financially worse off compared with staying in the EU, quite possibly by a substantial amount''.

    This article was published online by FT.com on June 23, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 23/06/2016      [Back to the Top]

    Financial Buzz

    What are Brexit's real impacts?

    The whole world is eager to know the result of Brexit poll on Thursday. The result could have far economic consequences for the EU and the rest of the world. The greater consequences are more subtle, gradual, and global. Brexit would be the postwar of decades against global integration. This consensus is boosting protectionism and anti-immigrant world-wide. The uncertainties would slow down global growth clouded by aging populations and inefficient productivity. Although the supporters on Brexit say EU integration improves the incomes only for elites, every skilled worker is also a consumer and, therefore, benefits the whole British economy by making products better and cheaper to compete in the world market. As for the immigration policy, it's probably a plus as well. EU immigrants to Britain are better educated and diligent compared to UK-born workers, and immigrants normally pay more in taxes than they receive in benefits, according to The Center for Economic Performance at the London School of Economics.

    This article was published online by Financial Buzz on June 23, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis No.05, May 2016
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 23/06/2016      [Back to the Top]

    CTV News Channel (Canada)

    Assessing Economic Impact of 'Brexit': EU Referendum in Britain Today

    Dennis Novy interviewed on live programme broadcast by Canadian TV news channel, focusing on the economic impact of a Brexit vote.

    This interview was broadcast by CTV News (Canada) on June 23, 2016
    Link to broadcast here Also interviewed by:
    Sky News Arabia
    Al Jazeera (live TV coverage throughout the night)

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 23/06/2016      [Back to the Top]

    The Morning Star

    Brexit Watch: Cameron Pleads With Older Voters In Final Remain Push

    Meanwhile, the Institute for Fiscal Studies, the National Institute of Economic and Social Research and the Centre for Economic Performance issued a final joint warning that Britain will ''almost certainly'' be worse off outside the EU. The group said no economic question in their respective lifetimes had ever been subject to such blanket agreement among experts. The trio said ''almost all of those who have looked seriously at this issue'' were forecasting lower real wages, high prices for goods and services, higher borrowing costs and higher unemployment under a Brexit scenario.

    This article was published online by The Morning Star on June 22, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    Snopes.com

    Impending Brexit vote to shape Britain's future

    If Brexit passes, Britain will change considerably: border controls may be enacted for Northern Ireland for the first time in nearly a century, immigration to the UK would be sharply curtailed, and Britain's economic structure would cease to be intertwined with the rest of EU member countries. Those who are for Brexit say that's important, because EU membership has so diluted British sovereignty and power. Those who are against it (or pro-Bremain) say that it's important to stay as a member of the European economic community. As the London School of Economics and Political Science noted, the UK would still have to deal with the rest of Europe, even if it left the EU.

    This article was published online by Snopes.com on June 22, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 22/06/2016      [Back to the Top]

    LSE British Politics and Policy blog

    Foreign investors love Britain - but Brexit would end the affair

    Foreign investment brings many benefits to the UK, including higher pay and productivity. But a Brexit vote could end it all, write Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen. First, not being in the single market will make the UK a less attractive export platform; second, multinationals have complex supply chains and costs which would be more difficult to manage if the UK left the EU; third, the uncertainty over the UK's trade arrangements after a Brexit will decrease its appeal.

    This article was published online by the LSE British Politics and Policy blog on June 22, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.03, April 2016
    Technical Appendix to CEP Brexit Analysis Series Paper No.03
    See the complete series of CEP Brexit Analysis papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    Quartz

    A London without immigrants would not be London

    There is little evidence to support the former. Roughly 2.2 million EU nationals work in the UK, comprising 6.6% of the workforce, according to the FT report. Another report from the London School of Economics and Centre for Economic Performance found that while EU migration has increased and a third of EU migrants live in London, ''areas of the UK with large increases in EU immigration did not suffer greater falls in the jobs and pay of UK-born workers.'' Indeed, the authors noted that ''immigrants consume goods and services and this increased demand helps to create more employment opportunities.'' To assume otherwise is ''lump of labour fallacy'', the idea that the number of jobs in an area is fixed and immigrants push other job seekers out.

    This article was published online by Quartz on June 22, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to CEP Brexit Analysis Series Paper No.05
    See the complete set of CEP Brexit Analysis research papers here

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 22/06/2016      [Back to the Top]

    TXFNews (Trade and Export Finance)

    How would Brexit affect UK trade?

    The UK Treasury's estimate forecasts trade volumes declining by between 14% and 19% by 2030 in comparison to their current trajectory, on the assumption that the UK agrees a bilateral trade deal with the EU similar to that recently agreed by Canada. Although, some believe this forecast a tad severe: Oxford Economics modelled the same scenario and came up with a 7% fall in volumes. The London School of Economics' Centre for Economic Performance predicts that, in the long term, lower trade with the EU could cost the UK as much as 9.5% of GDP.

    This article was published online by TXFNews on June 22, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    Consultancy.uk

    Charles-Edouard Bouée reflects on the impact of a Brexit

    And while some experts argue that FDI is high in the UK due to a favourable business environment, others, such as the Centre for Economic Performance at the London School of Economics, suggest that ''being fully in the single market'' is what ''makes the UK an attractive export platform for multinationals as they do not face the potentially large costs from tariff and non-tariff barriers when exporting to the rest of the EU.''

    This article was published online by Consultancy.uk on June 22, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    ProActiveInvestors

    10 ways Brexit will impact UK business

    The Institute for Fiscal Studies, the National Institute of Economic and Social Research and the Centre for Economic Performance have all predicted lower real wages in the event of Brexit, higher prices for goods and services, higher unemployment and higher borrowing costs. ''In our lifetimes we have never seen such a degree of unanimity among economists on a major policy issue'', the directors of the three institutions said in a joint statement released today.

    This article was published online by ProActiveInvestor on June 22, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    Belfast Telegraph

    EU referendum: Think tanks unite to warn Brexit would damage UK

    A Leave vote in tomorrow's referendum would ''almost certainly make us financially worse off'' and could cut the UKs GDP by up to 8% - equivalent to £5,760 for every household in the country - a group of respected economic think tanks has warned.
    In a joint statement, the Institute for Fiscal Studies, National Institute of Economic and Social Research, and the Centre for Economic Performance said ''almost all those who have looked seriously'' at the consequences of Brexit agreed it would be highly likely to harm the UK's living standards.

    This article was published online by the Belfast Telegraph on June 22, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    The Mail Online

    Michael Gove makes grovelling apology for comparing pro-EU experts to Nazi propagandists after Cameron accuses him of having 'lost it' during referendum battle

    In a dramatic escalation of Tory infighting earlier, Mr Cameron told Sky News: 'To hear the Leave campaign today sort of comparing independent experts and economists to Nazi sympathisers - I think they have rather lost it. 'These people are independent - economists who have won Nobel prizes, business leaders responsible for creating thousands of jobs, institutions that were set up after the war to try to provide independent advice. It is right to listen.' In a joint statement, three respected economic think-tanks have said 'almost all those who have looked seriously' at the consequences of Brexit agreed it would be highly likely to harm the living standards of UK households. The Institute for Fiscal Studies (IFS), National Institute of Economic and Social Research (NIESR) and Centre for Economic Performance (CEP) said: 'In our lifetimes we have never seen such a degree of unanimity among economists on a major policy issue.'

    This article was published by The Mail Online on June 22, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 22/06/2016      [Back to the Top]

    Juice Brighton (Radio) - News P.M.

    Gove has 'lost it' over Nazi comparisons

    The Institute for Fiscal Studies (IFS), National Institute of Economic and Social Research (NIESR) and Centre for Economic Performance (CEP) ...

    This article was published online by Juice Brighton (Radio) on June 22, 2016
    Link to broadcast here

    Related publications

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Saul Estrin webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 22/06/2016      [Back to the Top]

    New Statesman

    Never mind a Brexit recession, Leave voters don't believe in climate change

    Facts appear not to be a major priority for many Leave voters. That is clear when you look at science. In a ComRes poll of 1,616 prospective voters, Leave supporters were revealed to be much more likely to question science, climate change and evolution. ... Drawing the line directly from science to the uncomfortable referendum debate we find ourselves in may not be clear cut. But the case of NHS statistics show the way people choose to judge - or not to judge - facts has everything to do with the referendum debate. After all, there is overwhelming consensus of the damage Britain could do to its economy by leaving the EU. There is evidence from the Bank of England, HM Treasury, the International Monetary Fund, the OECD, the National Institute of Economic and Social Research, PwC, Oxford Economics, the Centre for Economic Performance and others.

    This article was published online by the New Statesman on June 22, 2016
    Link to article here

    Related publications
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Saul Estrin webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 22/06/2016      [Back to the Top]

    The Wall Street Journal

    Brexit's real impact would be gradual and global

    The Center for Economic Performance at the London School of Economics finds that EU immigrants to Britain are better educated and more likely to ...

    This article was published online by The Wall Street Journal on June 22, 2016
    Link to article here [Subscription needed to access full article.]

    Also in
    The Australian
    Brexit's real impact would be gradual and global

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis No.05, May 2016
    Full series of CEP Brexit Analyses can be seen here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 22/06/2016      [Back to the Top]

    The Daily Mirror

    Brexit 'would cost Brits £580 a year as price of food, drink, petrol and clothing rocket'

    The heads of three leading economic think-tanks warned of the dire consequences of leaving the EU. The analysis by National Institute of Economic and Social Research, Institute for Fiscal Studies and Centre for Economic Performance said Brexit would shrink the economy by between 1% and 3% by 2020 and between 2% and 8% smaller by 2030.

    This article was published online by The Daily Mirror on June 21, 2016
    Link to article here

    Related articles
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 21/06/2016      [Back to the Top]

    Policy Forum.net

    Counting the cost of Brexit

    The economic impacts of Britain leaving the EU
    With the referendum fast approaching, Thomas Sampson analyses the economic consequences should Britain vote to leave the European Union.
    Proponents of Brexit, as leaving the EU has been termed, argue that having to make policies jointly with other EU members reduces the UK's sovereignty and that European institutions are less accountable to voters than the UK government. Widespread concern at high levels of immigration from other EU countries has also fuelled support for Brexit. By contrast, the Remain campaign has focused on the economic benefits from being part of the European Single Market and the fact that big global challenges such as climate change and terrorism cannot be solved by nations acting alone.

    The article was published online by the Policy Forum on June 21, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

    Related links
    Thomas Sampson webpage
    Trade Programme webpage


    News Posted: 21/06/2016      [Back to the Top]

    The Independent

    EU referendum: polls suggest Brexit chances are split 50-50, says expert

    As the rival campaigns entered the final straight, independent economists from three of Britain's leading institutions issued a final warning that a vote for Brexit would hit wages and lead to higher retail prices and borrowing costs. In a joint statement, the directors of Institute for Fiscal Studies (IFS), the National Institute of Economic and Social Research (NIESR) and the Centre for Economic Performance (CEP) said there had never ''in our lifetimes'' been such agreement among economists on a major policy issue.

    This article was published online by the Independent on June 21, 2016
    Link to article here

    Related publications
    June 20, 2016
    CEP, NIESR and IFS blog
    Leaving the EU would almost certainly damage our economic prospects
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 21/06/2016      [Back to the Top]

    Al Jazeera

    Transcript: Norman Lamont on the Brexit and the EU

    A study by the London School of Economics found that BREXIT could lead to a fall in national income equivalent to that of the financial crash of 2008. Facts?

    This article appeared on Al Jazeera on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    The Indian Express

    Brexit: Beckham says remain

    Leading economic institutions in Britain – the Institute for Fiscal Studies, NIESR, and the London School of Economics’ Centre for Economic Performance – have warned quitting the EU’s single market would make the UK “financially worse off"

    This article appeared in The Indian Express on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    Daily Mirror

    How does Europe add up in numbers as Britain prepares for EU Referendum

    £350 - the amount the London School of Economics says you save every year from lower prices thanks to EU membership

    This article appeared in the Daily Mirror on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    New York Online

    How Donald Trump Explains ‘Brexit'

    In the most pessimistic scenario modeled by researchers for the London School of Economics, output would ultimately take a 9.5 percent hit, “a loss of a similar size to that resulting from the global financial crisis of 2008-09.”

    This article appeared in New York Online on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    The Independent

    EU referendum: UK's top economic experts issue joint warning against Brexit

    Challenging Leave campaign claims that Britain’s economy would not suffer from Brexit, the Institute for Fiscal Studies (IFS), the National Institute of Economic and Social Research (NIESR) and the Centre for Economic Performance (CEP) said that “almost all of those who have looked seriously at this issue” were predicting lower real wages in event of Brexit, higher prices for goods and services, higher borrowing costs and higher unemployment.

    This article appeared in the Independnent on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    Parliament Magazine

    Brexit would 'almost certainly' harm UK's economy, say economic trio

    The trio, Jagjit Chadha, the director of the National Institute of Economic and Social Research, Paul Johnson, the director of the Institute for Fiscal Studies and John Van Reenen, the director of the Centre for Economic Performance at the London School of Economics, published a joint statement today (20 June), outlining their collective conclusions on the likely consequences of a Brexit. Leaving the EU, they argue, would, relative to staying in, likely result in lower real wages, a reduction in the value of the pound resulting in price hikes, as well as higher borrowing and lower public spending or higher taxes. The UK would also see unemployment rise in the short term.

    This article appeared in Parliament Magazine on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    The Independent

    Brexit: Will it improve living standards in the UK?

    The second part of the argument is that in the longer term – over the next 15 or so years - not being in the European Union would mean the economy does not grow as much as it otherwise would. This is the analysis that has been made by independent organisations such as the London School of Economics and The National Institute of Economic and Social Research (NIESR).

    This article appeared in the Independent on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    The Independent

    EU referendum: How would leaving the EU work – and how would it affect you in the long term?

    They do not say we would be poorer than we are now, but that we would be poorer than we would otherwise be. Estimates of the long-term effect range from 3 per cent of national income (Oxford Economics) to 8 per cent (London School of Economics).

    This article appeared in the Independent on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 21/06/2016      [Back to the Top]

    Evening Standard

    Leaving the EU single market would be a disaster for London

    The evidence from independent, respected experts is overwhelming. They share the view that the UK will face a severe economic blow in the event of leaving the EU, leading to fewer jobs and lower public spending. The IMF, the Bank of England, the Treasury and the London School of Economics are united in their views: the UK economy will shrink if we leave.

    This article appeared in the Evening Standard on 21 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 21/06/2016      [Back to the Top]

    BBC2/BBC News Channel - Victoria Derbyshire Show

    EU Vote: What is TTIP and why should you care?

    Dennis Novy appeared on a show dealing with the EU and the Transatlantic Trade and Investment Partnership (TTIP), answering questions from members of the public who are worried about TTIP and what it might mean for the NHS.

    The Victoria Derbyshire Show was broadcast on BBC2 on June 21, 2016
    The broadcast is available online here. The TTIP segment with Dennis Novy begins 1:25:57 into the programme.

    Related publications
    TTIP: is free trade coming to the North Atlantic?, Dennis Novy. Article in CentrePiece Volume 19, Issue 3, Winter 2014/15

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 21/06/2016      [Back to the Top]

    Politico

    Brexit Corner - Three days to go

    Today Morning Trade talks Brexit and the future of U.K. trade policy with Swati Dhingra, a lecturer in economics at the London School of Economics and a member of the trade research program of the Institutions's Center for Economic Performance.

    If Brexit were to happen, what would the U.K.'s negotiating position vis a vis that of the EU be?
    It's hard to make precise predictions, but some insight on how the U.K. would fare following Brexit might be gained by looking at the experience of Canada, another medium-sized developed economy in close proximity to a much larger market, the U.S.
    Are you thinking of Canada's experience with the North American Free Trade Agreement?
    Yes. When you are a smaller market next to larger one, in this case the biggest market in the world, it is very hard to be considered an equal negotiating partner. The smaller partner usually ends up giving up more in order to obtain market access concessions from the larger partner. In the case of Canada and the North American Free Trade Agreement, Ottawa adopted the ''investment state dispute settlement,'' a dispute settlement mechanism that allows investors to bring claims directly against the government in case of provisions it deems unfair. An example is the proposal to introduce plain packaging for cigarettes, which the Canadian government dropped because American tobacco companies could have claimed that the proposal violated NAFTA.
    Canadian companies have the same right under the ISDS court system, so why is it a problem?
    The question is one of balancing investor rights with how much policy space is available to governments. There is also concern that U.S. firms are better able to take advantage of ISDS provisions than Canadian ones. The United States has won all of the 11 decided cases that it has initiated under the ISDS, while Canada has won seven of its 13 cases.
    Would the UK be facing a similar scenario with the EU?
    It’s not about ISDS per se, it's about the country finding itself in the position of having to give up on more than it would be willing to in other conditions. Let's take Schengen for example, an issue dear to the U.K., and an exception London has fought long and hard to have when it was part of the EU. If the U.K. were to leave the EU bloc, when it goes back to the negotiating table it might have to give up on the Schengen exception if, for example, it wanted concessions on the service side of the new trade deal.
    - Switzerland frets it'll be a loser from Brexit:
    Despite Switzerland likely reaping benefits from a Brexit due to the influx of funds from the City of London, it is afraid of currency appreciation as the Swiss franc is one of the few safe-haven currencies in times of uncertainty. If the franc appreciates Swiss exports that account for more than 50 percent of the country's GDP, according to the World Bank, will likely suffer.

    More on POLITICO Pro here

    This article was published online by Politico on June 21, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Book, June 2016

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Saul Estrin webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 21/06/2016      [Back to the Top]

    Sputnik News

    Britain's Economy to See Guaranteed Losses, Uncertain Gains After Brexit

    According to Thomas Sampson, assistant professor at the Department of Economics, London School of Economics and Political Science (LSE), an exit scenario would hit the country's economy really hard. Talking to Sputnik, he referred to a study carried out by LSE's Centre for Economic Performance in which it was forecast that UK per capita GDP would decrease by between 6.3 and 9.5 percent in the long-run in the event of Brexit.

    This article was published online by Sputnik News on June 20, 2016
    Link to article here

    Also in
    June 23, 2016
    Ria Novosti (Russia)
    ANALYSIS: Britain's Economy to See Guaranteed Losses, Uncertain Gains After Brexit

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 20/06/2016      [Back to the Top]

    FT.com

    Asian leaders urge UK to stay in EU

    The UK is also the top destination for foreign direct investment in Europe and ranked as one of the most attractive FDI markets in the world. But investment would tumble at least 22 per cent over the next decade in the event of Brexit, according to a recent study by the Centre for Economic Performance at the London School of Economics and Political Science.

    This article was published by FT.com on June 20, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.03, April 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.3 here
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here

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



    News Posted: 20/06/2016      [Back to the Top]

    Western Daily Press

    Being in the UK works better for jobs and business

    The IMF, the Bank of England, the Treasury, the OECD, the London School of Economics and many more are...
    (no link available)

    This article was published by the Western Daily Press on June 20, 2016
    [No link available]

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 20/06/2016      [Back to the Top]

    Radio New Zealand National Online

    Brexit: should the UK stay or walk away?

    Thomas Sampson is from the London School Of Economics and has recently authored a paper called, Economists for Brexit: A Critique. He says Britain would be stronger by remaining in the EU.

    This interview was broadcast by Radio New Zealand National online on June 19, 2016
    Link to the broadcast here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Thomas Sampson webpage
    Trade Programme webpage


    News Posted: 19/06/2016      [Back to the Top]

    Herald Scotland

    Forget project fear

    The most serious problem of staying outside any EU trade agreement is the serious impact this might have on foreign direct investment into the UK. Being in the single market makes the UK attractive as a base for exporters. A Centre for Economic Performance report estimates that the UK has around £1 trillion of foreign direct investment, of which half is from other EU countries, and much of the rest uses the UK as a platform to the single market.

    This article was published by the Herald Scotland on June 19, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.03, April 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.02, March 2016
    See all of the Brexit Analysis Series here

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



    News Posted: 19/06/2016      [Back to the Top]

    Last Week Tonight with John Oliver (HBO)

    Britain could soon vote to leave the European Union

    Thomas Sampson interviewed on what may happen following a vote for Brexit.

    The interview was broadcast on the Last Week Tonight with John Oliver show on June 19, 2016
    Link to broadcast here [Interview begins at 10:33]

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.08, June 2016

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 19/06/2016      [Back to the Top]

    The Economist

    Brexit: What if?

    All or nothing at all
    What sort of deal might that new leader try to get? Some want no deal at all. A group called Economists for Brexit (EFB) suggests simply abolishing all import tariffs. The ensuing rise in trade, it says, would boost GDP by 4%. Yet this prediction relies on small changes in trade costs having implausibly large effects on how much trade goes on, say researchers at the London School of Economics. Besides, the EFB assumptions are politically implausible.

    This article was published online by The Economist on June 18, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 18/06/2016      [Back to the Top]

    BBC Radio 4

    More or less programme

    ...leaving the EU would damage the UK economy and says Swati Dhingra of the London school of economics that's true even if we accept Patrick ...

    This interview was broadcast by BBC Radio 4 on the More or Less programme on June 18, 2016
    Link to the interview here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 18/06/2016      [Back to the Top]

    Investing.com

    El 'brexit' golpearía al comercio del Reino Unido y reduciría su PIB

    In addition, ''agreements with third countries would be predictably less beneficial for the United Kingdom if it negotiated them alone rather than as part of the European Union,'' he told Dr Swati Dhingra, Economist at the Centre for economic performance (CEP). On the other hand, the contraction of the GDP affects tax revenues and therefore harms the State deficit, and at the same time that affects the labour market, increasing unemployment and reducing wages, said Holger Breinlich, Professor of the school of business at the University of Nottingham.

    This article was published online by Investing.com (Spain) on June 18, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.08, June 2016
    Who Bears the Pain? How the costs of Brexit would be distributed across income groups, Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.07, June 2016

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 18/06/2016      [Back to the Top]

    The Economist

    The Battle of Evermore

    But on Brexit they do not. A host of studies in Britain—by his own institute, the Treasury, the Institute of Fiscal Studies, Oxford Economics, PricewaterhouseCoopers, the Centre for European Reform and the Centre for Economic Performance at the London School of Economics—agree with international bodies—the IMF and the OECD rich-country think-tank—that Brexit would mean less trade, lower foreign direct investment and slower productivity growth.

    This article appeared in the Economist on 18 June 2016 Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here .

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


    News Posted: 18/06/2016      [Back to the Top]

    New Zealand Herald online - Business

    Brian Fallow: Nostalgia no basis for policy

    Then there is the question of the effect on Britain's trade with other regions if it is no longer governed by agreements negotiated by the European Union. Eurosceptics assume those agreements dilute Britain's interests but research by the London School of Economics found that the EU's trade deals tended to benefit Britain more than other European countries.

    This article was published by the New Zealand Herald online on June 17, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here

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



    News Posted: 17/06/2016      [Back to the Top]

    Oye! Times (Canada)

    Oye! News from Europe: Brexit does anyone win?

    As June 23 looms closer and closer and Britain makes the ultimate decision whether it should stay in the European Union or go it alone, a recent thorough analysis by Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen at the Centre for Economic Performance (CEP) at the London School of Economics looks at what various changes in income various income groups in the United Kingdom will experience if the UK decides to cast its membership in the European Union aside on June 23, 2016.

    This article was published online by Oye! Times (Canada) on June 17, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.08, June 2016
    Who Bears the Pain? How the costs of Brexit would be distributed across income groups, Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.07, June 2016

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 17/06/2016      [Back to the Top]

    The Daily Mail online

    Things you need to read about Brexit: Best articles to help you decide

    Things to read about Brexit

    Below is a selection of informative things to read about Brexit that can help you decide. Please suggest your own in comments, but you cannot post links there. You can send links to editor@thisismoney.co.uk with Brexit articles in the headline and we will see if they are worth adding.
    LSE professor: Why I will vote Remain in the referendum
    London School of Economics Nicholas Barr runs through his thoughts with some good facts and explanations that weigh up key issues.

    This article was published by The Daily Mail online on June 16, 2016
    Link to article here

    Related articles
    Letter to friends: this is why I will vote Remain in the referendum, Nicholas Barr, LSE BrexitVote blog on May 27, 2016 cites CEP Brexit research.

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 16/06/2016      [Back to the Top]

    The New Yorker

    Murder of British M.P. heightens uncertainty over Brexit vote

    The failure to make a case for the E.U. had left a big opportunity for Johnson and Nigel Farage, the head of the U.K. Independence Party, to argue that Britain doesn't get anything out of its membership except bureaucratic diktats from Brussels, and boatloads of immigrants from Poland and other countries in Eastern Europe, who fill the welfare rolls and depress wages. These claims are largely false: a recent paper by three economists at the London School of Economics concluded, ''EU immigrants are more educated, younger, more likely to be in work and less likely to claim benefits than the UK-born.'' But, as the polls indicate, the anti-E.U. fabrications are widely believed.

    This article was published online by the New Yorker on June 16, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 16/06/2016      [Back to the Top]

    The Independent

    Leave to exit: how your money might be affected by Brexit

    Last year, a report from the Bank of England supported his comment, suggesting that the wages of low-paid employees in catering, hospitality and care have been driven down by increased competition from EU workers.
    However, the Centre for Economic Performance at the London School of Economics, claimed that areas of the UK with large recent increases in EU immigration did not suffer greater falls in pay as a result, but that wages fell as a result of the global financial crisis. It added: ''Immigrants consume goods and services and this increased demand helps to create more employment opportunities.''

    This article was published by The Independent on June 15, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 15/06/2016      [Back to the Top]

    FT.com

    Brexit: what is in store for the economy

    The thinking behind the predictions about Britain's future outside the EU
    Very costly in all scenarios: Centre for Economic Performance
    The prediction: A hit to trade in all likely scenarios will bring GDP 6.3-9.5 per cent lower by 2030 than if the UK stayed in.
    The reasoning Even if the UK strikes a free-trade agreement with the EU, non-tariff barriers - such as rules of origin regulations - would hamper growth. The worst estimates assume the economy will become less efficient over the long term due to less competition from EU nations.
    Criticism Does not assume any impact due to change in migration or a reduction in regulations.

    This article was published by the FT.com on June 15, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 15/06/2016      [Back to the Top]

    Neue Zurcher Zeitung

    Brexit-Szenarien: Was der Brexit fur die EU-Wirtschaft bedeuten wurde

    Relevant studies, among other things by the Bertelsmann Foundation in collaboration with the Ifo Institute, the Center for economic performance at the London School of Economics and the rating agency Standard & Poor's, come in the tendency to similar results: the economic consequences would be for the EU-27 is less severe than for Britain itself, but on balance but negative.

    This article was published online by Neue Zurcher Zeitung (Germany) on June 14, 2016
    Link to article here

    Related publications
    See the whole series of CEP Brexit Analysis papers here

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



    News Posted: 14/06/2016      [Back to the Top]

    The Telegraph

    UK voters back Norway-style Brexit, poll reveals

    Experts at the Treasury, the National Institute of Economic and Social Research (NIESR), and the London School of Economics have all found that remaining a part of the EEA would pose the least severe economic risk to the UK after a decision to split from the EU.

    This article was published online by The Telegraph on June 11, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.

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



    News Posted: 11/06/2016      [Back to the Top]

    LSE British Politics and Policy blog

    Vote Leave's anti-immigration system is deeply flawed

    Study after study confirms that EU migrants have an overwhelmingly positive effect on the British economy. They have a higher employment rate (78.2%) than people born in the UK (72.5%), those from Poland and other A8 accession economies especially so (81.9%). Their hard work neither deprives British workers of jobs nor depresses local wages, as a new study by the London School of Economics' Centre for Economic Performance (CEP) shows. On the contrary, EU migrants tend to enhance the productivity of British workers, and hence their pay.

    This article was published online by the LSE British Politics and Policy blog on June 10, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Paper No.05, May 2016
    Why immigration is no reason to leave the EU, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth. Article in CentrePiece Volume 21, Issue 1, Summer 2016

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 10/06/2016      [Back to the Top]

    The Independent

    Brexit job losses are already impacting, recruiters say

    The slowdown in hiring during the months of uncertainty before the poll will “come up in the GDP numbers,” said Swati Dhingra, an assistant professor at the London School of Economics.

    This article appeared in the Independent on 10 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 10/06/2016      [Back to the Top]

    LSE EUROPP - European Politics and Policy blog

    Scenarios of a new UK-EU relationship: A 'soft' Brexit

    What consequences will Britain's EU referendum have for both the UK and the rest of Europe? In a series of papers published as a collaboration between EUROPP and CIDOB (the Barcelona Centre for International Affairs), LSE authors analyse the prospects for three scenarios - a Bremain, a 'soft' Brexit and a 'harsh' Brexit. Swati Dhingra discusses what would happen in the case of a 'soft' Brexit, which is defined as the UK exiting the EU without a significant deterioration in relations between Britain and other EU countries. The full papers are available here.

    This article was published online by LSE's EUROPP - European Politics and Policy - blog on June 9, 2016
    Link to article here

    Related publications
    BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.08, June 2016
    Life after Brexit : What are the UK’s options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 09/06/2016      [Back to the Top]

    Bloomberg News

    Those Brexit job losses? Recruiters say they've already started

    Pro-EU forces have warned that if Britain votes to exit the union on June 23, the country could lose almost a million jobs. Recruiters say the damage has already begun. ''Companies are pushing the pause button,'' said Kit Bingham, a partner at executive search firm Odgers Berndtson. An Odgers poll last month found that a quarter of directors at FTSE 350 companies would consider relocating at least part of their business if voters approve a Brexit. Even with a vote to stay, some harm is inevitable, economists say. The slowdown in hiring during the months of uncertainty before the poll will ''come up in the GDP numbers,'' said Swati Dhingra, an assistant professor at the London School of Economics. ''There's going to be a lag. It won't recover overnight.''

    This article was published online by Bloomberg News on June 9, 2016
    Link to article here

    Related publications
    The complete CEP Brexit Analysis Series is available online here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 09/06/2016      [Back to the Top]

    The Financial Times

    Brexiters' idea of unilateral free trade is a dangerous fantasy

    Economists for Brexit, argues that such an alternative exists. It rejects post-exit deals with the EU and instead recommends unilateral free trade and reliance for market access on the rules of the World Trade Organisation. Does this make sense? The short answer is: no. The longer one is that unilateral free trade would not be economically superior to EU membership, would be less simple than imagined and would also be politically unacceptable. ...

    Start with the economics. Patrick Minford of Cardiff University suggests that, under this option, UK economic welfare would rise by 4 per cent after Brexit. The economy would also end up specialising in services and lose manufacturing. In analysing the same option, economists at the London School of Economics reach a quite different conclusion: a reduction of 2.3 per cent in welfare, only marginally less than the 2.6 per cent reduction they believe would follow a Brexit without such unilateral reductions in tariffs.

    This article was published by The Financial Times on June 9, 2016
    Link to article here

    Related publications
    Economists for Brexit: A Critique, Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Paper No.6, May 2016
    The complete CEP Brexit Analysis Series is available online here

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



    News Posted: 09/06/2016      [Back to the Top]

    Chronicle Live (Newcastle)

    EU referendum: Are we really goingto rip up all our trade deals and start again?

    The London School of Economics' Centre for Economic Performance calculates long-term costs to Britain of lower trade with the EU could be as high as 9.5% of GDP. Leave campaign-supporting economists have as yet not done detailed analyses.

    This article was published by the Chronicle Live (Newcastle) on June 9, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper 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: 09/06/2016      [Back to the Top]

    NEON blog (Germany)

    Es gibt zu viele falsche Informationen

    ''There's too much wrong information''
    Interview with Swati Dhingra
    How will the British vote on June 23? Swati Dhingra, lecturer in economics at the London School of Economics, has examined the possible effects of a Brexit vote on the UK economy. In the interview, she explains why young voters could make all the difference.

    This article was publsihed online by NEON (Germany) on June 7, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 07/06/2016      [Back to the Top]

    Guardian

    Guardian Small Business Network, EU referendum panel: Would Brexit make UK businesses less competitive?

    In this week's EU referendum Q&A our panel discuss how a Brexit could affect the costs facing UK businesses:
    Would UK businesses be more or less competitive in the global market if we choose to leave?

    Swati Dhingra
    Assistant professor at the department of economics at the London School of Economics, researching international economics, globalisation and industrial policy, she is co-author of Life after Brexit, a report by LSE's centre for economic performance
    After Brexit UK businesses would be less competitive within the EU market because they would face higher non-tariff barriers such as rules of origin and the costs of divergence in regulations. Potentially, UK businesses would also face tariffs when exporting to the EU and to countries with which the EU has negotiated trade agreements. If the business relies heavily on imports from the EU or the EU's trade agreement partners, then it would have to pay higher costs for its inputs. The EU is the UK's biggest trade and investment partner, so these higher trade barriers would make UK businesses less competitive. ...

    John Van Reenen
    Director of the Centre for Economic Performance, London School of Economics.
    In the short run, it is likely there would be negative shocks as uncertainty spikes while we negotiate new trading arrangements with the EU and the rest of the world. This has potential to hurt investment and hiring. In the longer run, there would be an increase in trade costs as we would have a looser relationship with the EU single market. This could potentially cause a fall in overall trade and in foreign investment, which could in turn depress productivity. Second, access to EU migrants, who provide a valuable source of skills to EU businesses, would be restricted. ...

    This article was published online by the Guardian on June 7, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

    Related links
    Swati Dhingra webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 07/06/2016      [Back to the Top]

    Gulf Times

    A British test of reason at June 23 referendum

    But lately, as John Van Reenen of the London School of Economics recently put it, the economic case for Brexit has been largely missing in action. Its advocates are at pains to explain what kind of trade and partnership agreements, if any, Britain could enter into with the EU, much less how those agreements would be superior to the current arrangement.

    This article appeared in the Gulf Times on 6 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 06/06/2016      [Back to the Top]

    London Loves Business

    5 reasons the UK leaving the EU would be a DISASTER

    A report by the Centre for Economic Performance (CEP) at the London School of Economics released last week published similar findings. The report said that in an “optimistic” scenario, the UK leaving the EU would knock off £850 per household. In a “pessimistic” scenario with larger increases in trade costs, Brexit will lower average incomes by £1,700 per household.

    This article appeared in London Loves Business on 6 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 06/06/2016      [Back to the Top]

    Morning Star

    UPDATE: 5 arguments in favor of a U.K. 'Brexit' from the EU -- and 5 against

    U.K. shoppers save 350 pounds a year, or about $511, thanks to lower prices that come from being part of the EU. That's according to the remain campaign, which cites London School of Economics data

    This article appeared in the Morning Star on 6 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 06/06/2016      [Back to the Top]

    BBC World Service Radio

    Thomas Sampson interview

    Thomas Sampson speaks in favour of Britain staying in the EU

    This programme was broadcast on BBC World Service on 6 June 2016. Link

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 06/06/2016      [Back to the Top]

    The Daily Mirror

    The 6 experts saying Brexit will cost you - and the 1 that disagrees

    Numbers are being thrown around by the Vote Leave and Vote Remain campaigns like they're going out of fashion - but what do the experts say and can we trust them?
    Six out of seven reports predict a Brexit will hurt us for years to come. Six out of seven reports say families will lose thousands of pounds a year. Hang on, we hear the Brexiteers say. Who wrote these reports? How are these economists funded? We decided to find out: ...

    2. LSE: We'll lose £850 a year

    What is it?
    The Centre for Economic Performance at the London School of Economics is a group of academic researchers.

    What does it say?
    If the UK gets a free trade agreement, it will still take a 1.3% hit to GDP by 2020 - or £850 less for each family. But if the UK doesn't get an agreement, the cost to families could be £1,700 a year. Whatever the trade deal, the CEP is gloomy about the longterm prospects for going it alone. By 2030, in the best case scenario, it predicts we'll be £4,200 poorer, and in the worst that rises to £6,400.

    This article was published by The Daily Mirror on June 6, 2016
    Link to article here

    Related publications
    The complete series of Brexit Papers are available online here

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Thomas Sampson webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 06/06/2016      [Back to the Top]

    Le Monde

    « Brexit » : la bataille des chiffres au cœur de la campagne

    Leur salaire baisserait de 48 euros par semaine d’ici la même date, renchérit le Trade Union Congress, la principale confédération syndicale. Les prix des transports augmenteraient de 7,5 % et ceux de l’alcool de 7 %, estime la London School of Economics.

    This article appeared in Le Monde on 5 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 05/06/2016      [Back to the Top]

    The Ledbury Reporter

    Polish residents who have made Herefordshire home speak out about what Brexit would mean for them

    Recent research by the London School of Economics found that migrants have had no negative effect on UK wages. The research blamed the 2008 recession for lower real salaries rather than a rise in foreign workers, who paid more into UK economy than they took out.

    This article appeared in the Ledbury Reporter on 5 June 2016.Link to article

    Related publications
    ‘Immigration and the UK Labour Market’ Jonathan Wadsworth, CEP Election Analysis No.19, May 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage


    News Posted: 05/06/2016      [Back to the Top]

    LSE British Politics and Policy blog

    No one would be spared: how the costs of Brexit would be distributed across households

    That leaving the EU would damage the overall economy is now being treated as more of a fact than a speculation. But those for Brexit argue that the rich will be negatively affected while the poor will benefit. This is not the case, write Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen. Middle and low income households will be negatively affected as well the rich.

    This article was published online by LSE British Politics and Policy blog on June 3, 2016
    Link to article here

    Related publications
    Who Bears the Pain? How the costs of Brexit would be distributed across income groups, Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.07, June 2016
    See the complete set of CEP Brexit Analysis Papers here

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 03/06/2016      [Back to the Top]

    The Economist

    The fatal contradictions in the Remain and Leave camps

    Even aside from the economic consequences of a Leave vote (and read this LSE demolition of the Brexit case), the immediate future for Britain could be very ugly indeed.

    This article was published by The Economist on June 3, 2016
    Link to article here

    Related publications
    Economists for Brexit: A Critique, Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Paper No. 6, May 2016
    The complete series of Brexit Papers are available online here

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



    News Posted: 03/06/2016      [Back to the Top]

    Wall Street Journal

    This Week's Brexit Briefing

    Here, economists at the Centre for Economic Performance from the same university seek to explain why the economic forecasts of Patrick Minford, one of a minority of economists favoring Brexit, differ from a majority of economists and suggest the U.K. could grow after leaving the EU. In summary, they say that Mr. Minford’s idea to unilaterally reduce import tariffs to zero after leaving the EU would have some economic benefits but nowhere near what Mr. Minford calculates.

    This article appeared in the Wall Street Journal on 3 June 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 03/06/2016      [Back to the Top]

    LSE Business Review

    The distributional effects of Brexit: who bears the pain?

    Middle and low income households will be poorer because of Brexit - not just the rich, write Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen.

    This article was published online by the LSE Business Review blog on June 2, 2016
    Link to article here

    Related publications
    Who Bears the Pain? How the costs of Brexit would be distributed across income groups, Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.07, June 2016

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 02/06/2016      [Back to the Top]

    The Guardian

    Predictions of recession if UK leaves EU based on 'bizarre assumptions'

    Economists for Brexit group claims that downturn would be avoided if Britain removed all trade barriers after leaving EU
    Economists campaigning for Britain to leave the European Union have accused the Treasury and international institutions of ''groupthink'' in a report that says growth would be boosted if all trade barriers were removed after a leave vote in this month's referendum. ... Prof Patrick Minford said all the studies showing that leaving the EU would have detrimental consequences for the economy were based on the ''same flawed model'' and the ''same damaging assumptions''. ... ''In recent weeks, there has been a relentless stream of output from modelling groups on the topic of Brexit - all of it negative. This has included long-term and short-term reports from not merely the Treasury but also the Centre for Economic Performance at the LSE, PWC, Oxford Economics, the National Institute for Economic and Social Research, the OECD and the IMF,'' Minford said.

    This article was published by The Guardian on June 2, 2016
    Link to article here

    Related publications
    The complete series of Brexit Papers are available online here

    Related links
    Holger Breinlich webpage
    Swati Dhingra webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Thomas Sampson webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 02/06/2016      [Back to the Top]

    Les Echos (France)

    Incalculable Brexit

    Stop everything! According to the OECD, the forum of economic reflection of developed countries, the United Kingdom would lose 5% of its GDP in the 15 years to come slamming the door of the European Union. Treasury, British, evaluates the fall to 6.2% of GDP, equivalent to 5,500 euros per household. This central forecast is part of a range of 3.8 to 7.8%. But the experts of the Center for Economic Performance, the famous London School of Economics, found it too timid. They believe that the impact of the Brexit could be half higher!

    This article was published by Les Echos (France) on June 1, 2016
    Link to article here

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series No.4, April 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.02, March 2016
    See Technical Appendix to CEP Brexit Analysis Series Paper No.2 here
    See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 01/06/2016      [Back to the Top]

    BBC News

    EU Referendum Reality Check: Would Brexit cut wages by £38 per week?

    The claim: Trade union umbrella body the TUC says leaving the EU would cut average earnings by £38 per week by 2030.
    Reality Check verdict: The TUC has taken other bodies' forecasts that leaving the EU would lead to slower growth in the economy and used them to predict lower wages. While the precise figures are highly uncertain, if you believe the forecasts for the economy you can also believe that wages would be lower. TUC general secretary Frances O'Grady says: ''Working people will be £38 a week worse off if we leave''. Where has that figure come from? In its report, the TUC has taken the average of the falls in GDP (that's what you get when you add up the value of everything produced in the economy) for 2030, predicted by the OECD, the Treasury and the Centre for Economic Performance at the London School of Economics, as well as the fall in wages expected by the National Institute for Economic and Social Research (NIESR).

    This article was published online by BBC News Reality Check on June 1, 2016
    Link to article here

    Related reports
    Better off in. Working people and the case from remaining in the UK, TUC Report, June 1, 2016.
    [See Table 5.]

    Related publications
    The complete series of Brexit Papers are available online here

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



    News Posted: 01/06/2016      [Back to the Top]

    Belfast News Letter

    Brexit campaign falls on poor grasp 'basic facts' says report

    Economics experts have blasted key assumptions underpinning the Brexit campaign's financial arguments in favour of leaving the EU. The report by the London School of Economics and Political Science's Centre for Economic Performance (CEP) has been seized on by the Remain campaign to back their warnings that exiting the EU is too dangerous.

    This article was published online by Belfast News Letter on June 1, 2016
    Read more: ...

    Related publications
    Economists for Brexit: A Critique, Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis No.06, May 2016
    The complete series of Brexit Papers are available online here

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



    News Posted: 01/06/2016      [Back to the Top]

    Bloomberg News

    Some cold, hard facts for Brexiteers: Europe's richest nations have a high concentration of foreigners

    The LSE's Centre for Economic Performance said earlier this month that a reduction in immigration into the U.K. if the country votes for a Brexit wouldn't lead to any improvement in living standards for those born in Britain.

    This article was published by Bloomberg News online on May 31, 2016
    Link to article here

    Associated Article
    May 11, 2016
    Bloomberg News online
    'Post-Brexit Immigration Cut 'Wouldn't Boost Living Standards'
    Read full article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 31/05/2016      [Back to the Top]

    Investment Adviser

    Fallout forecasts polarise opinion

    The EU referendum debate has started to focus on the economic fallout of a leave vote for the UK - and also for Europe. Research from the Organisation for Economic Co-operation and Development (OECD) released in April suggests a Brexit vote could see UK GDP growth contract by 3.3 per cent by 2020, and by 2030 the central base-case scenario means a GDP contraction of 5.1 per cent. It adds the economic consequences of a leave vote could also spread beyond the UK, with European GDP growth contracting around 1 per cent by 2020. In a speech presenting the findings, however, Angel Gurria, secretary-general of the OECD, said the estimates - not just from the OECD but also the London School of Economics and HM Treasury - ''are too cautious''.

    This article was published online by the FT Investment Adviser on May 30, 2016
    Link to article here

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.04, April 2016 See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 30/05/2016      [Back to the Top]

    Lancashire Evening Post

    Pro-Brexit claims are rubbished

    ...financial arguments in favour of leaving the EU. The report by the London School of Economics and Political...

    This article was published by the Lancashire Evening Post on May 30, 2016
    (no link available)

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.04, April 2016 See the complete set of CEP Brexit Analysis research papers here

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



    News Posted: 30/05/2016      [Back to the Top]

    bdaily.co.uk

    What do UK SME's really think about Brexit?

    What issues have the greatest negative impact on UK businesses?
    Both sides of the debate have argued that there is either too much or very little EU red tape. These confusing arguments haven't helped to clarify the debate. Last month The Treasury cited the LSE Centre for Economic Performance report which stated, ''It is unclear whether there are substantial regulatory benefits from Brexit''. Businesses that took part in the Loc8 Commercial survey however, think red tape is the biggest issue affecting their ability to do business easily with 58%. In addition, the regularity of new EU regulations is the second biggest issue with 35% citing this as a concern, well ahead of immigration, which had a zero score from the businesses that took part in the survey.

    This article was published online by bdaily.co.uk on May 30, 2016
    Link to article here

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series, Paper No.04, April 2016
    The complete series of Brexit Papers are available online here

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



    News Posted: 30/05/2016      [Back to the Top]

    LSE Business Review blog

    How do ‘Economists for Brexit' manage to defy the laws of gravity?

    The possibility of the UK leaving the European Union (EU) has generated an unusual degree of consensus among economists. Acrimony and rancour surrounded debates around austerity and joining the euro, but analysis from the Bank of England to the OECD to academia has all concluded that Brexit would make us economically worse off. The disagreement is mainly over the degree of impoverishment (for example, Dhingra et al, 2016a; OECD, 2016; HM Treasury, 2016; PWC, 2016; NIESR, 2016). Perhaps the one exception is the recent and much publicised work of 'Economists for Brexit' (2016). Since any coherent economic case for leaving the EU was been largely 'missing in action', it is refreshing to get some clarity over the Leave campaign's vision of the UK's post-Brexit economic arrangements. The only modelling details provided by Economists for Brexit come from Professor Patrick Minford of Cardiff University (Minford, 2015; 2016; Minford et al, 2016). He argues that Brexit will raise the UK's welfare by 4% as a result of increased trade.

    This article was published online by the LSE Business Review blog on May 27, 2016
    Link to article here

    Related publications
    Economists for Brexit: A Critique, Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis No.06, May 2016
    The complete series of Brexit Papers are available online here

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



    News Posted: 27/05/2016      [Back to the Top]

    CEP Brexit Analyses

    ‘ECONOMISTS FOR BREXIT': A critique

    The latest in a series of #CEPBrexit reports, published by the Centre for Economic Performance (CEP) at the London School of Economics, explains how the 'Economists for Brexit' fail to grasp basic facts about the nature of regulation, product standards and international trade.

    This article appeared in CEP Brexit Analyses on 27 May 2016. Link to article

    Related publications
    ‘Economists for Brexit: A Critique’ Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis No.06, May 2016 The complete series of Brexit Papers are available online here

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


    News Posted: 27/05/2016      [Back to the Top]

    CEPS

    Brexit - A last testament

    There has been an impressive wealth of serious studies on the macroeconomic consequences of secession in the short, medium and long term (UK Treasury, Bank of England, London School of Economics, OECD, IMF), all of which point to significant damage to the UK economy.

    This article appeared on CEPS on 23 May 2016. Link to article

    Related Publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 23/05/2016      [Back to the Top]

    International Business Times

    'Does Britain really want DIY recession?' asks George Osborne one month before EU referendum

    'Does Britain really want DIY recession?' asks George Osborne one month before EU referendum "When this is being backed up by the International Monetary Fund, the OECD, the London School of Economics, eight former US Treasury secretaries, the President of the United States of America, businesses big and small, every one of our allies and trading partners and the Governor of the Bank of England, it isn't a conspiracy but a consensus."

    This article appeared in the International Business Times on 23 May 2016 Link to article

    Related Publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 23/05/2016      [Back to the Top]

    City AM

    Sajid Javid: Brexit warnings are ''not a conspiracy'' - it will cost 500,000 UK jobs

    Responding to Hilton’s article, Javid said: “Steve is entitled to his view … the central issue here is that economically, we are far better off being part of this single market … Now you have the Bank of England, the IMF [International Monetary Fund], the OECD [Organisation for Economic Co-operation and Development], the London School of Economics, the OBR [Office for Budget Responsibility], the IFS [Institute for Fiscal Studies], every one of our allies, every one of our trading partners and that is not a conspiracy, that’s a consensus about what would happen if we left the EU.”

    This article appeared in City AM on 23 May 2016. Link to article

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


    News Posted: 23/05/2016      [Back to the Top]

    Daily Mail

    Tories at war: Iain Duncan Smith accuses former Cabinet colleague of being two-faced over the EU as tensions escalate with a month to go before

    Responding to Hilton’s article, Javid said: “Steve is entitled to his view … the central issue here is that economically, we are far better off being part of this single market … Now you have the Bank of England, the IMF [International Monetary Fund], the OECD [Organisation for Economic Co-operation and Development], the London School of Economics, the OBR [Office for Budget Responsibility], the IFS [Institute for Fiscal Studies], every one of our allies, every one of our trading partners and that is not a conspiracy, that’s a consensus about what would happen if we left the EU.”

    This article was published by the Daily Mail on May 23, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 23/05/2016      [Back to the Top]

    The Guardian

    Duncan Smith's claim that Sajid Javid backs Brexit 'simply not true'

    Responding to Hilton’s article, Javid said: “Steve is entitled to his view … the central issue here is that economically, we are far better off being part of this single market … Now you have the Bank of England, the IMF [International Monetary Fund], the OECD [Organisation for Economic Co-operation and Development], the London School of Economics, the OBR [Office for Budget Responsibility], the IFS [Institute for Fiscal Studies], every one of our allies, every one of our trading partners and that is not a conspiracy, that’s a consensus about what would happen if we left the EU.”

    This article appeared in the Guardian on 23 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 23/05/2016      [Back to the Top]

    BBC News Online

    Brexit forecasts can be wrong, it doesn't mean they are pointless

    Brexit forecasts can be wrong, it doesn't mean they are pointless In that assessment, it finds allies in the IMF, the Bank of England, the London School of Economics and the National Institute of Economic and Social Research.

    This article appeared on BBC News Online on 23 May 2016 Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 23/05/2016      [Back to the Top]

    The Daily Telegraph

    'Turn our backs on the EU and risk losing hundreds of thousands of jobs'

    When this is being backed up by the International Monetary Fund, the OECD, the London School of Economics, eight former US Treasury secretaries, the President of the United States of America, businesses big and small, every one of our allies and trading partners and the Governor of the Bank of England, it isn’t a conspiracy but a consensus.

    This article appeared in the Daily Telegraph on 23 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 23/05/2016      [Back to the Top]

    Daily Mail

    Osborne warns Brexit will force us into 'DIY' recession

    The Chancellor and the PM have also rejected claims they are scaremongering [about Brexit]. They wrote in the Daily Telegraph: ‘When this is being backed up by the International Monetary Fund, the OECD, the London School of Economics…it isn’t a conspiracy but a consensus. We are clear, as is the vast majority of the Conservative Cabinet: this is simply a price that is not worth paying.’

    This article appeared in The Daily Mail on 23 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 23/05/2016      [Back to the Top]

    Daily Mail

    Osborne warns Brexit will force us into 'DIY' recession

    The Chancellor and the PM have also rejected claims they are scaremongering [about Brexit]. They wrote in the Daily Telegraph: ‘When this is being backed up by the International Monetary Fund, the OECD, the London School of Economics…it isn’t a conspiracy but a consensus. We are clear, as is the vast majority of the Conservative Cabinet: this is simply a price that is not worth paying.’

    This article appeared in The Daily Mail on 23 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 23/05/2016      [Back to the Top]

    Market Inspector

    Would TTIP be a good deal for European Citizens?

    According to Dennis Novy, Associate Professor of Economics at the University of Warwick: ''TTIP has the potential to benefit millions of consumers. It goes far beyond an economic project. Its current timetable seems ambitious. Without considerable attention and support from the highest levels of government, it will be hard to lead TTIP to a successful conclusion any time soon''.

    This article was published online by Market Inspector on May 20, 2016
    Link to article here

    Related links
    Dennis Novy webpage
    Trade Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 20/05/2016      [Back to the Top]

    China Daily

    Brexit would entail huge economic costs for UK

    The London School of Economics' Centre for Economic Performance calculates that the long-term costs to the UK of lower trade with the EU could be as high as 9.5 percent of its GDP, while the fall in foreign investment could cost 3.4 percent of its GDP or more. Those costs alone dwarf the potential gains. The UK's net contribution to the EU budget amounted to only 0.35 percent of its GDP last year, and scrapping EU regulation would bring limited benefits, because the UK's labor and product markets are already among the freest in the world.

    This article appeared in China Daily on 20 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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

    News Posted: 20/05/2016      [Back to the Top]

    The Guardian

    Are EU migrants really taking British jobs and pushing down wages?

    The most recent research from the centre for economic performance at the London School of Economics says ''the areas of the UK with large increases in EU immigration did not suffer greater falls in the jobs and pay of UK-born workers. The big falls in wages after 2008 are due to the global financial crisis and a weak economic recovery, not to immigration.'' ... The LSE's Jonathan Wadsworth said: ''The bottom line, which may surprise many people, is that EU immigration has not harmed the pay, jobs or public services enjoyed by Britons. In fact, for the most part it has likely made us better off. So, far from EU immigration being a ''necessary evil'' that we pay to get access to the greater trade and foreign investment generated by the EU single market, immigration is at worse neutral, and at best, another economic benefit.''

    This article was published in The Guardian on May 20, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016
    See the complete CEP Brexit Analysis Series here

    Related links
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage


    News Posted: 20/05/2016      [Back to the Top]

    BBC 6 o'clock News

    BBC 1

    John Van Reenen interviewed about migration figures

    This programme was broadcast on 19 May 2016 (no link available)

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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


    News Posted: 19/05/2016      [Back to the Top]

    The Financial Times

    Brexit would hit UK growth and impede foreign investment

    However, if there is one thing we as investors don’t like, it is economic uncertainty. As several important bodies have said — the International Monetary Fund, Bank of England, London School of Economics, the Treasury and others — leaving the EU would mean a shock to the UK economy, hurting growth, job creation and foreign investment.

    This article appered in the Financial Times on 18 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here

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


    News Posted: 18/05/2016      [Back to the Top]

    The Guardian

    Would Brexit affect my business's IP rights in Europe?

    As the EU referendum draws closer, our expert panel answers a question from one of our readers about the potential effect on small businesses' intellectual property.
    What would Brexit mean for my business's intellectual property rights in Europe?

    Swati Dhingra:
    Assistant professor at the department of economics at the London School of Economics, researching international economics, globalisation and industrial policy. Co-author of the recent 'Life after Brexit' report by LSE's centre for economic performance, which looked at the UK's options outside the EU.

    Intellectual property (IP) protected through European mechanisms such as the European Patent Office, would continue to prevail after Brexit. But Britain would need to legislate on what happens to protections granted through EU directives such as the community trade mark. Many IP lawyers believe Britain would adopt these EU directives into its own law, so there should be a fairly smooth transition of protection under Brexit.

    This article was published online by The Guardian on May 18, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 18/05/2016      [Back to the Top]

    The Conversation

    Why is the academic consensus on the cost of Brexit being ignored?

    Two issues dominate the EU referendum debate: economics and immigration. When it comes to my field of economics, polling evidence suggests that if people became convinced that they would be worse off by leaving, even if it was by quite modest amounts such as £100 a year, the majority voting to remain would be pretty large. Studies by economists at the highly respected London School of Economics, National Institute of Economic and Social Research, the Organisation for Economic Co-operation and Development and the Treasury all suggest that on average we would be worse off by an amount that is more than ten times that £100 figure.

    This article was published online by The Conversation on May 17, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 17/05/2016      [Back to the Top]

    The Jordan Times

    The economic consequences of Brexit

    The London School of Economics' Centre for Economic Performance calculates the long-term costs to Britain of lower trade with the EU could be as high as 9.5 per cent of GDP, while the fall in foreign investment could cost 3.4 per cent of GDP or more.

    This article was published online by The Jordan Times on May 17, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 17/05/2016      [Back to the Top]

    Herald Scotland

    Chancellor George Osborne warns on Brexit conspiracy theories as Ed Balls and Sir Vince Cable join EU debate

    "They join a line of observers that range from the OECD to the London School of Economics to the eight former US treasury secretaries to the president of the United States of America, to the prime minister of Japan, to the leaders of Australia and New Zealand," said the Chancellor. "Indeed every member of the G20, every one of our major trading partners and every major international financial institution has been unequivocal that leaving the EU would come at an economic cost."

    This article appeared in the Herald Scotland on 16 May 2016. Link to article

    Related publications

    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 16/05/2016      [Back to the Top]

    Bloomberg

    Leaving the EU's Single Market would be a 'one way ticket to a poorer Britain', warns Chancellor

    With major interventions from both the Bank of England and the International Monetary Fund (IMF) joining a line of observers ranging from the Institute of Fiscal Studies (IFS) to the Organisation for Economic Cooperation and Development (OECD) to the London School of Economics (LSE), to the leaders of every member of the G20, their unequivocal message has been the same: Britain and its people will be poorer if the UK left the EU.

    This article appeared on Bloomberg on 16 May 2016. Link to article

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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

    News Posted: 16/05/2016      [Back to the Top]

    Economia

    The economic consequences of a UK exit from the EU

    The London School of Economics' Centre for Economic Performance calculates that the long-term costs to Britain of lower trade with the EU could be as high as 9.5% of GDP, while the fall in foreign investment could cost 3.4% of GDP or more. Those costs alone dwarf the potential gains from a British exit. The UK's net contribution to the EU budget amounted to only 0.35% of GDP last year, and scrapping EU regulation would bring limited benefits, because the UK's labour and product markets are already among the freest in the world.

    This article was published by Economia on May 16, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 16/05/2016      [Back to the Top]

    Mainly Macro blog

    Brexit, immigration and £100

    With so many heavyweights, from Barack Obama to Mark Carney, saying that we will be worse off with Brexit, why are the polls still neck and neck? There seem to me two reasonable explanations: that the tabloid media have a strong influence, and that immigration is a big issue among voters. But perhaps the two are connected, for reasons that will become clear. ... For a very good and simple explanation of the facts about recent EU immigration, see this LSE analysis.

    This article was published online in the Mainly Macro blog on May 16, 2016
    Link to article here

    Associated CEP articles
    Immigration from the EU is not a 'necessary evil' and does not drag down wages, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, LSE BrexitVote blog, May 11, 2016

    Related publications
    Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.05, May 2016
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Jonathan Wadsworth webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 16/05/2016      [Back to the Top]

    Project Syndicate

    The economic consequences of Brexit

    The London School of Economics' Centre for Economic Performance calculates that the long-term costs to Britain of lower trade with the EU could be as high as 9.5% of GDP, while the fall in foreign investment could cost 3.4% of GDP or more. Those costs alone dwarf the potential gains from Brexit. Britain's net contribution to the EU budget amounted to only 0.35% of GDP last year, and scrapping EU regulation would bring limited benefits, because the UK's labor and product markets are already among the freest in the world.

    This article was published online by Project Syndicate on May 16, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 16/05/2016      [Back to the Top]

    Wessex FM

    Brexit 'last thing economy needs', warns PM

    ...of England, the Organisation for Economic Co-operation and Development, London School of Economics and Confederation of ...

    This broadcast was made by Wessex FM on May 14, 2016
    (no link available)

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 14/05/2016      [Back to the Top]

    Guardian

    Every household told: sign up now to vote in 'historic' EU poll

    The prime minister, campaigning in his Oxfordshire constituency, said people had 40 days to make up their minds about which side to take in what would be ''the choice of a generation''. Urging people to take on board warnings from the IMF, the OECD, the Bank of England, the London School of Economics and the Treasury about the potential economic damage from Brexit, Cameron said leaving the EU and its single market ''would be a terrible thing for our economy''.

    This article was published online by the Guardian on May 14, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 14/05/2016      [Back to the Top]

    LSE British Politics and Policy blog

    Immigration from the EU is not a 'necessary evil' and does not drag down wages

    A major argument of the Leave campaign is that Brexit would give the UK more control over the flow of EU immigrants, who have supposedly hurt the jobs and pay of British workers. Research by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen shows that far from EU immigration being a 'necessary evi'l of being in the EU Single Market, immigration is at worst neutral and at best, an economic benefit of EU membership.

    This article was published online by the LSE British Politics and Policy blog on May 13, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 13/05/2016      [Back to the Top]

    Morning Star

    Brexit does reduce the fiscal deficit

    According to various studies at the Centre for Economic Performance (CEP) of the London School of Economics, Brexit does reduce the fiscal deficit. That would be, according to CEP, the main benefit. The principal cost would be less trade with the European Union. A big uncertainty in these studies is what it means to be outside the EU, since there is no exit agreement. How high would tariffs and other trade barriers be? In a static model, with no changes, for example, in productivity, the CEP analyses predict a cost between 1.3% and 2.6% of GDP.

    Besides trade and fiscal costs, a big factor in the long term is immigration. The UK has historically been a magnet for migrants. The educated ones are attracted by The City; the unskilled ones find jobs at the low end of the services industry. This would remain true, at least in the medium term, inside or outside the EU, but Brexit would presumably reduce entry of EU citizens. European immigrants contribute positively to UK's finances and, perhaps, productivity as well. After immigration and foreign direct investment, and their effect on productivity, are baked in, the cost estimated by CEP rises to 6%-9% of GDP.

    This article was published by the Morning Star on May 13, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 13/05/2016      [Back to the Top]

    The Independent

    EU immigration has no negative impact on British wages, jobs or public services, research finds

    EU immigration to the UK has not harmed British peoples' access to jobs, public services or incomes, a major study has concluded. The report, by the London School of Economics, has dispelled a number of 'myths' or misconceptions about the impact of immigration on the UK. It has been published as part of a series of research publications to be released between now and the EU referendum on 23 June. ... Report author Jonathan Wadsworth said: ''The bottom line, which may surprise many people, is that EU immigration has not harmed the pay, jobs or public services enjoyed by Britons. EU immigrants pay more in taxes than they use in public services and therefore they help to reduce the budget deficit.''

    This article was published by the Independent on May 12, 2016
    Link to article here

    See also
    May 13, 2016
    Press Reader.com (USA)
    Major new study debunks immigration 'myths'

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 12/05/2016      [Back to the Top]

    In Facts - Why Britain Should Stay in the EU

    Bank of England governor: Brexit could trigger recession

    Brexit uncertainty ''would tend to push up risk premia'', as InFacts has already pointed out. Funding costs for banks could go up, as would borrowing costs for homeowners and consumers. The UK's current account deficit is high, and a weaker outlook for the British economy ''could call into question'' our ability to finance it by attracting savings from abroad, with further consequences for growth. In giving this warning, the Bank of England joins the National Institute for Economic and Social Research, the Treasury, the OECD, the IMF, and the London School of Economics in saying leaving the EU would be bad for the economy.

    This article was published online by In Facts on May 12, 2016
    Link to article here

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 12/05/2016      [Back to the Top]

    The Financial Times

    EU migration - the effects on UK jobs and wages

    There is little evidence that more migrants push wages down or unemployment up. Economists from the Centre for Economic Performance at the London School of Economics say that when they look at the areas with the largest increase in EU immigration, these have not seen the sharpest falls in employment or wages since 2008. Jonathan Wadsworth, one of the authors of the CEP report and a former member of the government's Migration Advisory Committee, says: ''There is still no evidence of an overall negative impact of immigration on jobs, or wages.''

    This article was published by The Financial Times on May 12, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 12/05/2016      [Back to the Top]

    Adam Smith Institute blog

    Immigration is no reason to leave the EU

    I've become extremely pessimistic about the Leave campaign lately as it has latched on to Faragist arguments about immigration as a major reason to get out of the EU. This is not just naive liberalism - on virtually every count, the critics of EU immigration are wrong.

    A new paper from the LSE's John Van Reenen and others summarises the existing research.

    This article was published by the Adam Smith Institute blog on May 12, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 12/05/2016      [Back to the Top]

    The Spectator - 'Coffee House' blog

    EU immigration hasn't hurt jobs or wages. Here's why:

    Article by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen
    This morning's national insurance figures have further stoked the debate about immigration, and the extent to which leaving the EU would make a difference. Many British people are concerned that high levels of immigration have hurt their jobs, wages and quality of life. ... So it does make sense that many people believe this immigration wave has hurt UK workers and think that leaving the EU would make things better. To investigate this we crunched the most recent data and scoured the evidence in our new report. The bottom line is that EU immigration has not significantly harmed the pay, jobs or public services enjoyed by Britons. In fact, for the most part it has made us better off. Far from EU immigration being a 'necessary evil' that we must bear in order to gain access to the greater trade and foreign investment generated by the EU Single Market, immigration is at worst neutral and at best another economic benefit of membership.

    This article was published online by The Spectator 'Coffee House' blog on May 12, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 12/05/2016      [Back to the Top]

    LSE Business Review

    Why immigration is no reason to leave the EU

    Article by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen
    Many people believe immigration wave has hurt UK workers and think that leaving the EU would make things better. To investigate this we crunched the most recent data and scoured the evidence in our new report. The bottom line is that EU immigration has not significantly harmed the pay, jobs or public services enjoyed by Britons. In fact, for the most part it has made us better off. Far from EU immigration being a 'necessary evil' that we must bear in order to gain access to the greater trade and foreign investment generated by the EU Single Market, immigration is at worst neutral and at best another economic benefit of membership.

    This article was published online by the LSE Business Review blog on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series Paper No.05, May 2016
    Technical Appendix to 'Brexit and the impact of immigration on the UK'
    See the whole series of CEP Brexit Analysis papers here

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    Bloomberg

    Osborne says post-Brexit precautions against instability planned

    In another development, the London School of Economic said a reduction in immigration if the country votes to leave wouldn't lead to any improvement in living standards for those born in Britain. ''Cuts in EU immigration would not offset the big fall in U.K. living standards caused by the reduction in trade and investment that would result from Brexit,'' the school's Centre for Economic Performance said in a report.

    This article was published online by Bloomberg News on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    The Guardian

    EU migrants have no negative effect on UK wages, says LSE

    Research blames 2008 recession for lower real salaries rather than rise in foreign workers, adding they paid more into UK economy than they took out
    The rapid increase in migration from other EU countries has not had an adverse impact on the wages and job prospects of UK-born workers, according to research by the London School of Economics. The study found areas of Britain that have seen the biggest rises in workers from the rest of Europe have not suffered sharper falls in pay or seen a bigger reduction in job opportunities than other parts of the country. The LSE study, part of a series in the buildup to the EU vote on 23 June, also said that goods and services consumed by migrants raised the level of demand in the British economy and created opportunities for UK-born workers.

    Jonathan Wadsworth, one of the co-authors of the report, said:
    ''The bottom line, which may surprise many people, is that EU immigration has not harmed the pay, jobs or public services enjoyed by Britons. In fact, for the most part it has likely made us better off. So far from EU immigration being a necessary evil that we pay to get access to the greater trade and foreign investment generated by the EU single market, immigration is at worse neutral and at best, another economic benefit.''

    This article was published by The Guardian on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    RT.com

    2008 financial crash drove fall in real wages, not wave of EU migration - LSE study

    Contrary to what some believe, inequality, wages and job opportunities for British-born citizens have not been negatively impacted by the recent surge in migrants from the EU, a new study suggests. Published by the London School of Economics' (LSE) Centre for Economic Performance this week, the research forms part of a broader series of papers due for release ahead of Britain's EU referendum on June 23. This latest study found that regions in Britain that have attracted the biggest spike in workers from other European states have not been hit by sharper drops in pay or eroded job opportunities any more than other UK districts.

    This article was published online by RT.com on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    LSE BrexitVote blog

    Immigration from the EU is not a 'necessary evil' and does not drag down wages

    Article by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen
    A major argument of the campaign to leave the EU is that Brexit would give the UK more control over the flow of immigrants from across Europe, who have supposedly hurt the jobs and pay of British workers. Research by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John van Reenen shows that far from EU immigration being a 'necessary evil' to gain access to the greater trade and foreign investment that comes from being in the EU Single Market, immigration is at worst neutral and at best, an economic benefit of EU membership.

    This article was published by the LSE BrexitVote blog on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    Bloomberg

    Post-Brexit immigration cut 'wouldn't boost living standards'

    A reduction in immigration into the U.K. if the country votes to leave the European Union next month wouldn't lead to any improvement in living standards for those born in Britain, according to research from the London School of Economics.
    ''Cuts in EU immigration would not offset the big fall in U.K. living standards caused by the reduction in trade and investment that would result from Brexit,'' the LSE's Centre for Economic Performance said in a report released Wednesday.

    This article was published online by Bloomberg on May 11, 2016
    Link to article here

    Related publications
    Brexit and the Impact of Immigration on the UK, Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, CEP Brexit Analysis Series No.5, May 2016
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Jonathan Wadsworth webpage
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 11/05/2016      [Back to the Top]

    Bloomberg

    Speech: PM speech on the UK's strength and security in the EU: 9 May 2016

    The overwhelming weight of independent opinion - from the International Monetary Fund to the OECD, from the London School of Economics to the Institute for Fiscal Studies - also supports the fact that Britain will suffer an immediate economic shock, and then be permanently poorer for the long-term.

    This article appeared on Bloomberg on 9 May 2016. Link to article

    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: 09/05/2016      [Back to the Top]

    Vox

    Estimating border effects in international trade: user beware

    Article by Cletus C. Coughlin and Dennis Novy
    Borders impede trade, and a major objective of research in international trade has been to identify by how much. This column argues that bilateral trade data can give a misleading picture. Larger countries have inherently smaller border effects because their data aggregate over more space and economic activity. Trade economists need to think harder about how slicing up the map at the level of countries drives estimates of important policy variables.

    This article was published by VOX on May 8, 2016
    Link to article here

    Related publications
    'Estimating Border Effects: The Impact of Spatial Aggregation', Cletus C. Coughlin and Dennis Novy, Centre for Economic Performance Discussion Paper No.1429, May 2016

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 08/05/2016      [Back to the Top]

    She the People TV

    The Economics of Brexit with Swati Dhingra

    The economist putting Brexit into context: meet Swati Dhingra
    To take a closer look at the implications of 'Brexit', I asked Assistant Professor Swati Dhingra, of the Department of Economics and Centre for Economic Performance at the London School of Economics a few questions. Here's our crash course. Of course, I took the opportunity to slip in a question related to to gender equality and academics.

    The interview was filmed and broadcast by She the People TV (India) on May 7, 2016
    Link to broadcast here

    See also:
    Get Topical News
    Brexit perspectives with Swati Dhingra

    Related publications
    See the complete set of CEP Brexit Analysis research papers here
    See all CEP publications by Swati Dhingra here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 07/05/2016      [Back to the Top]

    DW Akademie Business (TV)

    Business

    Dennis Novy interviewed, speaking about the true cost of Brexit - how British expats are divided over Brexit.

    The interview was recorded and broadcast by DW Business News on May 5, 2016
    Link to broadcast here [interview starts 02:08.]

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 05/05/2016      [Back to the Top]

    The Globe and Mail (Canada)

    'Britain, look at yourself in the mirror'

    As an economist, diplomat and secretary-general of the OECD, you might expect Angel Gurria to offer a dry, academic assessment of global issues. Not when it comes to Britain leaving the European Union. On Wednesday, Mr. Gurria used colourful flourishes to argue that there was no benefit to Britain leaving the EU. ''We see no economic upside for the U.K. whatsoever,'' he told a gathering at the London School of Economics. ''The only question is where, on the spectrum of possible losses, the outcome winds up.''

    This article was published online by The Globe and Mail (Canada) on April 28, 2016
    Link to article here

    Related event
    'To Brexit or not to Brexit: a taxing question': Download audio file here
    CEP Public Lecture, 27 April 2016
    Speaker: Angel Gurria; Discussant: Dr Thomas Sampson; Chair: Professor Lord Stern

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



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

    Algarve Daily News

    OECD warns of heavy cost of Brexit - FT warns of hit to Sterling

    A UK exit from the EU would immediately hit confidence and raise uncertainty which would result in GDP being 3% lower by 2020, which equates to GBP 2200 per household. An OECD report released this morning states that such costs are already piling up. The projected hit to living standards would amount in effect to a permanent 'Brexit tax' on households, the OECD says. Presenting the analysis in a speech at the London School of Economics, OECD Secretary-General Angel Gurria said, ''Leaving Europe would impose a Brexit tax on generations to come. Instead of funding public services, this tax would be a pure deadweight loss, with no economic benefit.''

    This article was published online by Algarve Daily News on April 28, 2016
    Link to article here

    See also
    Business World.ie
    Britain would pay a 'Brexit tax' outside the EU
    New Delhi Times
    OECD Chief Issues New Warning of 'Tax' on Britain if It Quits EU
    Polish Radio - Online
    OECD: Brexit uderzylby Brytyjczykow po kieszeni

    Related event
    To Brexit or not to Brexit: a taxing question: Download audio file here
    CEP Public Lecture, 27 April 2016
    Speaker: Angel Gurria; Discussant: Dr Thomas Sampson; Chair: Professor Lord Stern

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



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

    BBC News online

    Reality Check: Would Brexit be good for the UK economy?

    A group of eight well known economists have released a report under the banner of Economists for Brexit, explaining how they think leaving the EU would be good for the UK economy. They predict that, in 2020, the UK economy would grow 3.4% if the UK left the EU, while it would grow only 2.5% if the UK remained. Their conclusions are outside the current economic mainstream on Europe, with most models assuming that free trade, free movement and open economies are automatically a good thing.

    While we have previously warned about the uncertainties involved in economic modelling, that is why it is no surprise organisations such as the IMF, the Organisation for Economic Co-operation and Development (OECD), the Treasury and the Centre for Economic Performance (CEP) have all predicted considerable losses to the economy following a Brexit.

    The analysis from the CEP, an influential group based at the London School of Economics, considered what would happen if the UK unilaterally removed all tariffs. It still predicted a negative effect on the economy from leaving the EU, but said going tariff-free improved the outcome by 0.3 percentage points.

    This article was published by BBC News online on April 28, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.03, April 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.02, March 2016
    Life after Brexit : What are the UK’s options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016

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



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

    BBC News online

    The economy and Brexit - a tangled tale

    Today eight economists have struck out against much mainstream economic thinking and suggested that the UK economy would flourish outside the European Union.

    They are up against formidable opposition - what those who support Britain remaining in the EU call the ''consensus view'' that the UK would be poorer if Brexit were to happen. The group that make this argument includes the Bank of England, the Treasury, the International Monetary Fund, the Institute for Fiscal Studies and the London School of Economics.

    This article was published by BBC News online on April 28, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.03, April 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.02, March 2016
    Life after Brexit : What are the UK’s options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016

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



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

    FT.com

    Economists for Brexit challenge consensus

    The consensus among economists that Britain's departure from the EU would damage its economy was broken on Thursday with the publication of a pamphlet from Economists for Brexit. This rejected the ''economic nonsense'' of the Treasury, International Monetary Fund, London School of Economics and OECD. Instead, the eight economists said a British exit ''will bring measurable net economic advantages''. ...

    While the Treasury did not model unilateral free trade on WTO rules, the London School of Economics did. Without the assumption that trade is automatically diverted, it found the costs to exports facing the EU tariff wall were significantly bigger than the benefits from abolishing all tariffs on imports.

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

    Related publications
    The costs and benefits of leaving the EU: Trade effects, Swati Dhingra, Hanwei Huang, Gianmarco Ottaviano and João Paulo Pessoa, Technical Paper for CEP Brexit Analysis Paper No.02, March 2016

    Related links
    Swati Dhingra webpage
    Hanwei Huang webpage
    Gianmarco Ottaviano webpage
    Trade Programme webpage
    Growth Programme webpage



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

    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]

    Economia

    EU referendum: OECD warns British exit will put a tax on UK households

    The OECD published a report analysing the economic consequences of a UK exit from the EU. Presenting the findings of the report at the London School of Economics this morning, Gurria described the impact of leaving the EU and the projected hit to living standards as a permanent tax on UK households and warned that Britons will be paying this ''Brexit tax'' for many years to come.

    This article was published online by Economia on April 27, 2016
    Link to article here

    Related event
    To Brexit or not to Brexit: a taxing question: Download audio file here
    CEP Public Lecture, 27 April 2016
    Speaker: Angel Gurria; Discussant: Dr Thomas Sampson; Chair: Professor Lord Stern

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



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

    Channel 4

    News

    Mention of OECD Brexit event hosted by CEP.

    The news item was broadcast by Channel 4 News on April 27, 2016
    Link to news broadcast here

    See also
    BBC Radio 4
    Today
    Angel Gurria (OECD) interviewed. [Link no longer available.]

    Related event
    To Brexit or not to Brexit: a taxing question: Download audio file here
    CEP Public Lecture, 27 April 2016
    Speaker: Angel Gurria; Discussant: Dr Thomas Sampson; Chair: Professor Lord Stern

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



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

    Channel 4

    News

    Mention of OECD Brexit event hosted by CEP.

    The news item was broadcast by Channel 4 News on April 27, 2016
    Link to news broadcast here

    See also
    BBC Radio 4
    Today
    Angel Gurria (OECD) interviewed. [Link no longer available.]

    Related event
    To Brexit or not to Brexit: a taxing question: Download audio file here
    CEP Public Lecture, 27 April 2016
    Speaker: Angel Gurria; Discussant: Dr Thomas Sampson; Chair: Professor Lord Stern

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 27/04/2016      [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]

    The New York Times

    OECD's Gurria-No Economic Upside for UK from Brexit

    The head of the Organisation for Economic Co-operation and Development said on Wednesday that he saw no potential benefits for the British economy if voters decide to leave the European Union at a referendum in June. Angel Gurria said a new OECD report showed a hit to British economic growth under all scenarios if the country left the EU compared with a decision to stay in the bloc. ''The best outcome is still worse than remaining and the worst outcomes are very bad indeed,'' he said in a speech at the London School of Economics as the OECD published its report on the impact of a so-called Brexit.

    This article was published online by The New York Times 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
    Thomas Sampson webpage
    Growth Programme webpage
    Trade Programme webpage



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

    The Guardian

    Brexit would cost UK households £2,200 by 2020, says OECD

    Thinktank predicts leaving EU would lead to damaging trade barriers and immigration slowdown, with limited economic benefits
    Angel Gurria, secretary-general of the Organisation for Economic Cooperation and Development, said future generations would pay the price of Brexit as he launched a report showing that departure would impose a ''persistent and rising shock'' on the economy. ''The UK is much stronger as a part of Europe, and Europe is much stronger with the UK as a driving force'', Gurria said in a speech at the London School of Economics. ''There is no upside for the UK in Brexit. Only costs that can be avoided and advantages to be seized by remaining in Europe. No one should have to pay the Brexit tax.''

    This article was published by the Guardian 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
    Thomas Sampson webpage
    Growth Programme webpage
    Trade Programme webpage



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

    The Financial Times

    Brexit sparks outbreak of agreement among economists

    There is a long-running joke that if you laid all the world's economists end to end they would never reach a conclusion. But the debate over whether the UK should leave the EU is generating more consensus in the dismal science than almost any other recent issue.

    Economists believe it would probably hurt Britain's economy. They differ on their modelling techniques and their estimates of the extent of the cost to UK households, but those are small differences relative to the normal level of disagreement in the profession.

    The OECD's central assessment is that Brexit would cause immediate damage to confidence and longer-term structural harm because of the benefits Britain derives from trade with the EU, foreign direct investment, managerial competence and access to skilled workers. Its central estimate is that gross domestic product would be 5 per cent lower than if Britain remained in the EU, with a range of a 2.7 to a 7.5 per cent hit to GDP. All of these are significant. These figures put the organisation very close to the Treasury's estimate of a 6.2 per cent GDP reduction. They are higher than the forecasts from the CBI business lobby, and Oxford Economics and lower than the London School of Economics estimate of up to 9.5 per cent.

    This article was published by The Financial Times on April 27, 2016
    Link to article 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 Yorkshire Post

    Obama's arrival in UK brings a boost for the Remain campaign

    US PRESIDENT Barack Obama is expected to give a major boost to the Remain campaign tomorrow by backing David Cameron's call for Britain to stay in the European Union.
    Earlier this week the Treasury published analysis suggesting Britain's departure from the European Union would cost households on average £4,300 a year. ... The Treasury forecast suggests Britain's GDP would be cut by 6.2 per cent but economists at the LSEs Centre for Economic Performance put the figure at between 6.3 and 9.5 per cent. Swati Dhingra, from the LSE, said: "The Treasury Report looks at the realistic options the UK will face after Brexit - and the cost of each. It takes a conservative approach to the potential costs."

    This article was published online by The Yorkshire Post on April 21, 2016
    Link to article here

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

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 21/04/2016      [Back to the Top]

    The Timies

    In or out of the EU, we need to find ways to boost productivity

    Britain's postwar record on productivity can be split into two periods: pre and post Margaret Thatcher. Prior to Thatcher, output per hour in Britain was growing more slowly than France, Germany and the US, according to John Van Reenen, of the Centre for Economic Performance, and Tim Besley, of the London School of Economics. After Thatcher, UK productivity outpaced the others. There is no question that Thatcher opened up the UK, but she also presided over the rise of North Sea oil and ushered in big banking, both of which distorted the picture. North Sea production began in earnest in the late 1970s. The 1979 oil shock then drove prices through the roof. As a result, measured productivity of the sector, in terms of economic output per hour, was enormous. In 2008, according to the OBR, the North Sea was still 12 times more productive than the whole UK economy.

    This article was published in The Times on April 20, 2016
    Link to article here

    Related publications
    Investing for Prosperity: Skills, Infrastructure and Innovation. Report of the LSE Growth Commission, Philippe Aghion, Tim Besley, John Browne, Francesco Caselli, Richard Lambert, Rachel Lomax, Chris Pissarides, Nick Stern and John Van Reenen, January 2013

    Related links
    John Van Reenen webpage
    Growth Programme webpage
    LSE Growth Commission Research Programme webpage



    News Posted: 20/04/2016      [Back to the Top]

    BBC Radio 5 Live

    Live, 22:30

    Swati Dhingra interviewed about Brexit.

    The interview was broadcast by BBC Radio 5 Live at 10:30pm on April 19, 2016
    [No link available.]

    Related publications
    See the complete set of CEP Brexit Analysis research papers here.

    Related links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 19/04/2016      [Back to the Top]

    The Edge Market

    Brexit job risk threatens more than just bankers

    A report from the London School of Economics on April 15 estimated that foreign investment in the UK could fall 22% over the next decade. It is of course feasible that business and investment will later return to Britain.

    This article was published online by the Edge Markets on April 19, 2016
    Link to article here

    Related Links
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.03, April 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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


    News Posted: 19/04/2016      [Back to the Top]

    Straits Times (Singapore)

    The numbers show Britain should stay in the EU

    A very awkward fact for the Brexit campaign is that in the last quarter of 2015, Britain's current-account deficit hit a record 7 per cent of GDP. That needs to be financed. But the risk of Brexit is already acting like a flashing red light to foreign investors. According to the Centre for Economic Performance at the London School of Economics, leaving the EU could reduce foreign direct investment in the UK by 22 per cent and real income by 3.4 per cent.

    This article was published online by the Straits Times (Singapore) on April 19, 2016
    Link to article here

    Related publications
    The Impact of Brexit on Foreign Investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.3, April 2016
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 19/04/2016      [Back to the Top]

    CAPX

    The Brexit fantasy would lead to a messy divorce

    You can quibble with the numbers. You always can. But the impact of leaving the European Union is clear: it would make Britain poorer.
    You don't need to take the Treasury's word for it. (And no, they didn't support joining the euro, so Vote Leave can't tar them with that brush.) It's the conclusion of study after study, by highly respected independent economists such as those at the London School of Economics' Centre for Economic Performance, as well as by expert international organisations, notably the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD).

    This article was published online by CAPX on April 19, 2016
    Link to article here

    Related publications
    'The consequences of Brexit for UK trade and living standards', Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Series No.02, March 2016

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



    News Posted: 19/04/2016      [Back to the Top]

    Financial Times

    Free Lunch: Sizing up Little England

    This is well illustrated by the excellent Brexit study from the LSE’s Centre for Economic Performance, which we reported last month.

    This article appeared in the Financial Times on 18 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 19/04/2016      [Back to the Top]

    LSE Business Review

    Better location could lead to a 20-50% increase in wind farm profitability

    Investors who strongly favour green energy make less thorough location searches, writes Yatang Lin
    Wind power is becoming an increasingly important part of the US energy mix, taking up more than four per cent of the total electricity generation as of 2014 and growing by 25.8 per cent annually for the past decade. But have we been able to put the wind turbines in the right locations? It is widely acknowledged that the economic efficiency and environmental benefits of wind farms critically rely on proper siting. For instance, wind turbines should be located in places with strong and stable wind, reasonably good access to transmission lines and high demand for electricity. In my recent research, I look at the location efficiency of wind power projects across the continental US by comparing the current distribution of wind farms to an ideal profit-maximising scenario and investigate the factors that might contribute to it.

    This article was published by the LSE Business Review blog on April 19, 2016
    Link to article here

    Related publications
    'Where Does the Wind Blow? Green preferences and spatial misallocation in the renewable energy sector', Yatang Lin,forthcoming Centre for Economic Performance Discussion Paper No.1424, April 2016.

    Related links
    Yatang Lin webpage
    Trade Programme webpage



    News Posted: 19/04/2016      [Back to the Top]

    The Telegraph

    Economists blast 'one-sided' Treasury warning on Brexit

    John Van Reenen, director of the Centre for Economic Performance at the London School of Economics, defended the Treasury analysis as a ''serious piece of work'', which was in line with other independent studies. ''The Treasury has taken quite a conservative estimate of the impact,'' he said.

    This article was published by The Telegraph on April 18, 2016
    Link to article here

    Related publications
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series, Paper No.04, April 2016
    The complete series of Brexit Papers are available online here

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



    News Posted: 18/04/2016      [Back to the Top]

    The Irish Times

    Treasury report says Brexit would cost British families £4,300 a year

    Leaving the EU would cause Britain's economy to shrink and tax receipts to plummet, and cost the average household thousands of pounds a year, an official analysis from the UK treasury has warned.
    The treasury assessment is broadly in line with independent analyses from the London School of Economics, Oxford Economics and others.

    This article was published by The Irish Times on April 18, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.3, April 2016
    The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.4, April 2016
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 18/04/2016      [Back to the Top]

    The New York Times

    Factbox: How did Osborne calculate his 'Brexit hit' for households?

    British finance minister George Osborne said on Monday that a vote to leave the European Union could cost each household 4,300 pounds ($6,100) a year by the early 2030s.

    Following is a look at how he reached this conclusion:
    Few studies have looked at the long-term impact on productivity caused by a loss of trade. One, by the London School of Economics, suggested that if Britain reached a trade deal with the EU similar to Norway's, GDP would be 6.3 percent to 9.5 percent lower after 10 years, twice the hit assumed by the finance ministry.

    This article was published online by The New York Times on April 18, 2016
    Link to article here

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

    Related links
    John Van Reenen webpage
    Growth Programme webpage
    Trade Programme webpage



    News Posted: 18/04/2016      [Back to the Top]

    The Economist

    A Treasury analysis suggests the costs of Brexit would be high

    THERE is much dispute in the Brexit debate over the economic effects of leaving the EU. Even Brexiteers accept that there would be some short-term costs from uncertainty, but they claim that in the long run Britain could still be better off. Most objective economic studies disagree, finding that there would be long-term costs as well. On April 18th the Treasury weighed in with a 200-page analysis. Its conclusion is that they will be high: the central estimate touted by George Osborne, the chancellor, is that GDP may be 6.2% lower than it would otherwise have been by 2030, an annual cost that he reckons works out at some £4,300 ($6,000) per household. ... The Treasury's numbers are bigger than those in some other recent studies, but that is mainly because they include the dynamic effects on productivity. A similar dynamic study by researchers at the Centre for Economic Performance, London School of Economics (LSE), came up with even bigger losses. To the disgust of Brexiteers, the Treasury agrees with the Bank of England that the benefits of EU membership considerably outweigh the costs. And it dismisses the possibility of a boost from less regulation in a post-Brexit world by pointing out that Britain is relatively lightly regulated already.

    This article was published by The Economist on April 18, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 18/04/2016      [Back to the Top]

    The Telegraph

    EU referendum: George Osborne says tax hike needed to cover £36bn Brexit black hole

    And secondly, actually the precise costs are difficult to estimate. But if you look at the range of things that have come out of places like the London School of Economics this is broadly in that range, perhaps a little bit above the average, but it’s not out of line with what many independent forecasters are suggesting.

    This article appeared in The Telegraph on 18 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 18/04/2016      [Back to the Top]

    HM Government

    HM Treasury analysis: the long-term economic impact of EU membership and the alternatives

    The Treasury's 200-page Brexit analysis was published on April 17, 2016. The analysis referred to the Centre for Economic Performance's Brexit Analysis Series.
      A recent study by the London School of Economics (LSE) Centre for Economic Performance (CEP) finds that, controlling for many other factors, FDI to the UK would be about 22% lower following the UK leaving the EU.
      The LSE's Centre for Economic Performance has noted: ''It is unclear whether there are substantial regulatory benefits from Brexit. The UK already has one of the OECD's least regulated product and labour markets. 'Big ticket' savings are supposedly from abolition of the Renewable Energy Strategy and the Working Time Directive (WTD)145 - both of which receive considerable domestic political support in the UK''.
      Given the weight of the evidence, including the recent study by the LSE's Centre for Economic Performance (CEP), a modelling assumption for an effect on non-EU FDI flows has been made to ensure the impact on total FDI inflows into the UK is captured as a result of leaving the EU in all the alternatives. In terms of the modelling, the analysis has made an assumption that the impact of EU membership on non-EU FDI flows is the same as for EU FDI flows.
      Recent empirical evidence from the LSE's Centre for Economic Performance (CEP) (2016) also finds that EU membership has a significant impact on both EU and non-EU FDI flows.

    Link to the Treasury Report here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 18/04/2016      [Back to the Top]

    BBC News Online

    Reality Check: Would Brexit cost your family £4,300?

    If what you care about is economic modelling, then this is a perfectly respectable piece of modelling, following broadly similar methodology to the one from the Centre for Economic Performance, although headlining the figure taking into account dynamic effects rather than static ones (dynamic models include changes that happen over time such as trade increasing competition or efficiency).

    This article appeared in BBC News Online on 18 April 2016. Link to article

    Related Links
    The impact of Brexit on foreign investment in the UK Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen April 2016
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union? Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 18/04/2016      [Back to the Top]

    Bloomberg

    World's Biggest Miner Says Brexit Would Harm China View of U.K.

    Foreign direct investment in Britain could decline by 22 percent if voters choose to leave the EU, reducing incomes by about 3.4 percent, according to research for the London School of Economics Centre for Economic Performance published on Friday.

    This article appeared on Bloomberg on 17 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 17/04/2016      [Back to the Top]

    The Financial Times

    UK Economy: Nuts and bolts of Treasury's view of Brexit

    The Treasury will publish details of its long-term economic assessment of EU membership on Britain's economy and prosperity on Monday, but the approach the Treasury has taken is clear from a George Osborne article in the Times. ... The Treasury's work is similar to the dynamic model of the Centre for Economic Performance at the London School of Economics, the most complete academic analysis of Brexit to date.

    This article was published by The Financial Times on April 17, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 17/04/2016      [Back to the Top]

    Morning Star

    Brexit would result in UK GDP hit similar to financial crisis - report

    The loss of income per household from reduced trade and lower productivity that would result from the UK voting to leave the European Union could be similar to the decline in UK GDP during the global financial crisis, according to new research. The Centre for Economic Performance at the London School of Economics, in a new report studying the potential implications of a Brexit, said the economic consequences of the UK leaving will be dependent on the policies the country adopts following its exit.

    This article was published by the Morning Star on April 15, 2016,br> Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.2, March 2016
    CEP Brexit Analysis Paper No.2 - Technical Paper The Costs and Benefits of Leaving the EU: Trade Effects, Swati Dhingra, Hanwei Huang, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, March 2016
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 15/04/2016      [Back to the Top]

    Benefits Canada

    How would Brexit impact the financial industry?

    Whether Britain loses access to the single market depends on the terms of any exit. Under the optimistic scenario, Britain would join the European Economic Area as non-member countries like Norway and Switzerland have done, says Thomas Sampson, assistant professor of economics at the London School of Economics. Membership in that area provides full single-market access. Under the pessimistic scenario, Britain wouldn't join the European Economic Area. ''Then there would be bilateral negotiations between Britain and the EU over what kind of access Britain has,'' says Sampson.

    This article was published online by Benefits Canada on April 15, 2016
    Link to article here

    Related publications
    The Impact of Brexit on Foreign Investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.3, April 2016
    See the complete set of CEP Brexit Analysis research papers here.

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



    News Posted: 15/04/2016      [Back to the Top]

    Business Insider India

    Britain's doomsday Brexit scenario could wipe £173 billion off the economy

    The report from LSE's Centre for Economic Performance argues that in the longer term the impact of Brexit on foreign direct investment into the UK, and international trade could end up costing British households around £6,400 per year. The report says "that leaving the EU and joining EEA would reduce UK income per capita by between 6.3% and 9.5% (£4,200 to £6,400 per household per year)."

    This article appeared in Business Insider India on 15 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 15/04/2016      [Back to the Top]

    Chicago Tribune Online

    Osborne warns of Brexit cost as leading economies raise concerns

    Research for the London School of Economics Centre for Economic Performance, published on Friday, estimated that foreign direct investment in Britain could decline by 22 percent if voters choose to leave the EU, reducing incomes by about 3.4 percent. The analysis, carried out by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, found that reduced access to the single market, complexities in coordination between headquarters and local branch offices and uncertainty over trade agreements with the EU would deter investors.

    This article appeared in the Chicago Tribune on 15 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 15/04/2016      [Back to the Top]

    LSE Press Office

    The impact of Brexit on foreign investment in the UK

    Leaving the European Union would reduce flows of foreign direct investment (FDI) into the UK by more than a fifth, damaging productivity and lowering people's incomes, according to new research released today by LSE's Centre for Economic Performance(CEP).

    This press release was published by LSE's Press Office on April 15, 2016
    Link to article here

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    See the complete CEP Brexit Analysis Series 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: 15/04/2016      [Back to the Top]

    The Conversation

    Fact Check special: government leaflet that makes case for Britain staying in the EU

    Article by Swati Dhingra
    The Fact Check rightly raises two issues – what’s the alternative to membership and the vision for membership in the future, and has the government’s leaflet done enough to address the rhetoric around Brexit. Brexit would buy Britain greater economic sovereignty, but this will come at a cost of reduced trade, investments and incomes. Britain would be unlikely to get a special deal that maintained market access without conceding substantial economic freedom.

    This article apperaed on the Conversation on 15 April 2016. Link to article

    Related publications
    The impact of Brexit on foreign investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.03, April 2016
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    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: 15/04/2016      [Back to the Top]

    Financial Times

    Brexit would cut foreign direct investment by fifth, report says

    Economists at the Centre for Economic Performance, based at the London School of Economics, calculate that reduced new foreign direct investment would have a much larger impact on UK national income than its earlier estimation of losses due to lower trade, writes Emily Cadman. Thomas Sampson, one of the authors, said that it was “‘pie in the sky” to think that a free trade deal with the EU like the Swiss or Canadian arrangements – which have been cited by proponents of Brexit as possible options – would resolve the FDI problem.

    This article appeared in The Financial Times on 15 April 2016.
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 15/04/2016      [Back to the Top]

    BBC News

    EU Referendum – Reality Check: Would Brexit cost your family £850 a year?

    A leaflet being sent out by Britain Stronger in Europe says: ''Jobs at risk, higher prices and your family worse off by at least £850 a year if we leave Europe.'' Is that figure true?
    The £850 per household figure is the optimistic end of a forecast from the well-respected Centre for Economic Performance (CEP) at the London School of Economics. The CEP is predicting a 1.3% to 2.6% fall in GDP, which is the value of everything produced in the economy, currently about £1.8tn a year. Take 1.3% of that and divide by the 27 million households in the UK and you have your answer.

    This article was published online by BBC News on April 13, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 13/04/2016      [Back to the Top]

    Euro Insight

    Op-Ed: Those who champion Brexit should rewind 40 years

    Article by Swati Dhingra
    Like the Out campaigners of the 1970s, Brexit supporters believe EU membership is bad for British workers and the British economy but the data tells another story

    This article was published online by Euro Insight on April 12, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 12/04/2016      [Back to the Top]

    Obserwator Financsowy (Poland)

    Brexit wplynie na brytyjski handel i poziom zycia

    Brexit will affect British trade and living standards
    Article by Swati Dhingra, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
    Smaller turnover in foreign trade in the wake of weaker integration with EU countries will cost the British economy far more than the United Kingdom would gain as a result of paying smaller sums into the EU budget. What economic impact will result in an instance of the EU? This question belongs among the most important issues raised in the debate about Brexit. The authors of some of the publications answer by analyzing what changed in EU countries after joining the Federation.

    This article was published by Obserwator Financwowy (Poland) on April 12, 2016
    Link to article here

    Related articles
    This article was originally published online by VOX on April 4, 2016. Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 12/04/2016      [Back to the Top]

    ITV News

    ITV Report: Finding the facts: the truth behind the referendum claims on the UK economy

    There is a wide consensus that leaving the EU would come at some economic cost. For example, every year the Financial Times surveys a group of over 100 economists. Similarly, a recent gathering of economists at the Royal Economic Society also expressed support for staying in the EU. The FT also reviewed three recently published studies, by the Centre for Economic Performance at the London School of Economics, Price Waterhouse Coopers for the CBI, and the consultancy Oxford Economics, which support this view.

    This article was published by ITV News as an ITV Report on April 11, 2016
    Link to article here

    Related publications
    The Consequences of Brexit for UK Trade and Living Standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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



    News Posted: 11/04/2016      [Back to the Top]

    New Boston Post

    The economics of self-confidence

    In fact, self-confidence might play a strong role in who migrates into major metropolitan areas, according to a study, authored by economists Jorge De la Roca of the University of Southern California, Gianmarco Ottaviano of the London School of Economics, and Diego Puga of the Center for Monetary and Financial Studies in Madrid

    This article appeared in the New Boston Post on 7 April 2016. Link to article

    Related Links
    Gianmarco Ottaviano webpage
    Trade Programme webpage

    News Posted: 07/04/2016      [Back to the Top]

    Daily Mail

    You'll be hardest hit if we quit the EU, PM will warn young voters: David Cameron to tell 18 to 34-year-olds that opportunities for work, study and travel will suffer if Britain decides to leave

    He will add that a broad range of experts, including the Bank of England and the London School of Economics, agree that the country's economy would suffer as a direct consequence of leaving the EU.

    This article appeared in the Daily Mail on 7 April 2016 Link to article

    Related publications
    The Consequences of Brexit for UK Trade and Living Standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 07/04/2016      [Back to the Top]

    CEP Press Release

    Dr Swati Dhingra shortlisted in public service category of Asian Women of Achievement Awards

    Swati Dhingra, Assistant Professor of Economics at the London School of Economics and Political Science and Senior Lecturer with the Trade Programme at the Centre for Economic Performance (LSE), is among the final shortlist for the 2016 Asian Women of Achievement Awards. She has been nominated in the public service category. The Awards - now in their 17th year - cut across UK business, entrepreneurs, sports and community, recognising both high-achieving and high-potential women.

    The CEP news item was released on April 7, 2016
    Link to the press release here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage
    Swati Dhingra CEP publications webpage



    News Posted: 07/04/2016      [Back to the Top]

    The Conversation

    Why claims that Scotland would save £1.5bn out of EU are disingenuous

    Estimating the wider economic costs of Brexit on the UK and Scotland is subject to significant uncertainty, of course. It requires assumptions about how the UK’s relationship with the EU would evolve -– what sort of tariff or non-tariff barriers to trade might exist, for example – as well as how Britain’s trading relationship with non-EU countries might change. Three reports have recently tried to do this, produced by the London School of Economics, Oxford Economics and the CBI. They use different methodologies and each run a number of scenarios using different assumptions. Although there is a lot of uncertainty around the results, all three estimate that Brexit would impose economic costs on the UK.

    This article appeared on The Conversation on 6 April 2016. Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 06/04/2016      [Back to the Top]

    The Conversation

    Why claims that Scotland would save £1.5bn out of EU are disingenuous

    Estimating the wider economic costs of Brexit on the UK and Scotland is subject to significant uncertainty, of course. It requires assumptions about how the UK’s relationship with the EU would evolve -– what sort of tariff or non-tariff barriers to trade might exist, for example – as well as how Britain’s trading relationship with non-EU countries might change. Three reports have recently tried to do this, produced by the London School of Economics, Oxford Economics and the CBI. They use different methodologies and each run a number of scenarios using different assumptions. Although there is a lot of uncertainty around the results, all three estimate that Brexit would impose economic costs on the UK.

    This article appeared on The Conversation on 6 April 2016. Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 06/04/2016      [Back to the Top]

    The Guardian

    How would Brexit affect finance for SMEs?

    Swati Dhingra
    Assistant professor at the department of economics at the London School of Economics and co-author of Life after Brexit: what are the UK’s options outside the European Union?
    One of the four basic freedoms of the EU is free movement of capital, which enables firms to invest in other European companies and to raise money in EU member countries. But the option of raising capital abroad is typically beyond the capacity of most SMEs, who instead rely on banks and government bodies for external finance

    This article appeared in the Guardian on 5 April 2016 Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union? Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 05/04/2016      [Back to the Top]

    The Irish Times

    Irish food industry knows how to survive a Brexit

    When it comes to the idea of a British exit from the European Union (Brexit), there seems to be widespread fear among food industry leaders here. A recently published study by the London School of Economics concludes that Ireland will “suffer the largest proportional losses” of any country after Britain, due to the interdependency of our economies, if Brexit happens.

    This article appeared in the Irish Times on 4 April 2016. Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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


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

    VOX

    The consequences of Brexit for UK trade and living standards

    Article by Swati, Dhingra, Hanwei Huang, Gianmarco I.P. Ottaviano, Thomas Sampson and John Van Reenen
    The economic consequences of leaving the EU are at the heart of the Brexit debate. This column studies how changes in trade and fiscal transfers to the EU following Brexit would affect living standards in the UK. Across a range of scenarios, Brexit leads to lower income per capita, but the magnitude of the loss depends on what trade policies the UK adopts post-Brexit. To minimise the economic costs of Brexit, the UK would have to remain closely integrated into the Single Market.

    This article was published online by the VOX on April 4, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



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

    Business Standard

    Swati Dhingra: Avert raw deal on EU-India trade pact

    Article by Swati Dhingra
    Last week's Brussels visit by Prime Minister Narendra Modi has started speculations that there will now be a renewed push for talks on the stalled EU-India broad-based trade and investment agreement (BTIA). The European Union (EU) is India's biggest trade and investment partner, so it could potentially be a good boost to the Indian economy. But the proposed agreement is one-sided, and will harm India's economic interests unless India negotiates harder. The analogy is that India is picking up the tab for the hotel room and the EU is just paying for the internet charges during the stay.

    This article was published online by Business Standard on April 4, 2016
    Link to article here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



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

    The New York Times

    Uncertain economics influence 'Brexit' talk

    The Center for Economic Performance, at the London School of Economics, which sees itself neutral, says the worst-case scenario in the event of a vote to leave the bloc is a 6.3 percent to 9.5 percent reduction in G.D.P., ''a loss of a similar size to that resulting from the global financial crisis of 2008/09.'' The best case, it suggests, is a loss of 2.2 percent of G.D.P., with the European Union imposing costs on Britain for leaving, and to discourage others from doing so.

    This article was published by The New York Times on April 2, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 02/04/2016      [Back to the Top]

    The Boston Globe

    Uncertain economics influence 'Brexit' talk

    The Center for Economic Performance, at the London School of Economics, which sees itself neutral, says the worst-case scenario in the event of a vote to leave the bloc is a 6.3 percent to 9.5 percent reduction in GDP, ''a loss of a similar size to that resulting from the global financial crisis of 2008/09.'' The best case, it suggests, is a loss of 2.2 percent of GDP, with the European Union imposing costs on Britain for leaving, and to discourage others from doing so.

    This article was published by The Boston Globe (USA) on April 2, 2016
    Link to article here

    Related publications
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 02/04/2016      [Back to the Top]

    Emirates Business

    Brexit risk puts services firms in crosshairs

    A vote to leave the European Union in the June 23 referendum could hamper efforts to make it easier and cheaper to do business in the bloc, potentially costing service providers billions of pounds, analysts and trade experts warn. ''We would lose our voice in how changes in regulation were designed, and we would lose our ability to try and push for more integration,'' said Thomas Sampson, a trade specialist at the London School of Economics. ''As a major exporter of services to the rest of the EU, the U.K. would stand to gain a lot from completion of the single market in services.''

    This article was published online by Emirates Business on April 1, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.02, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

    Related links
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 01/04/2016      [Back to the Top]

    Caledonian Trust PLC

    Half yearly Report

    In phase three, after the negotiated settlement, the economic effects are the subject of wide and varying analysis and speculation, based largely on the eventual outcome of the settlement. Put simply, there are two main variables: what will the settlement be and what are the effects of such a settlement? Most economic studies report that Brexit would damage the UK economy. Three recent reports from Centre for Economic Performance, the CBI/PWC and Oxford Economics all consider that in the worst case scenario the long-term effects would average about minus £4,000 per annum per household, while the best outcome would vary from minus £680 to plus £70. Martin Wolf, associate editor and chief economic commentator of the FT, forthright as usual, says: ''A vote for Brexit is a leap into the abyss''. UK Industry and Financial ''establishment'' figures are prominent amongst those predicting an unfavourable outcome for Brexit.

    This Report was published by the Caledonian Trust PLC on March 31, 2016
    Link to the Report here

    Related publications
    The complete series of Brexit Papers are available online here

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



    News Posted: 31/03/2016      [Back to the Top]

    The Telegraph

    David Cameron: only thing that unites eurosceptics is 'inability' to spell out vision for Brexit

    David Cameron has mocked eurosceptics for failing to work together as a new report claims each British family pays £200 a year less thanks to the European Union. ... Meanwhile a report produced by the Centre for Economic Performance at the London School of Economics has found that families across the country benefit from the EU's free trade agreements. It says consumer prices fell by 0.5 per cent for UK consumers as a result of the agreements, equating to a saving of £5.3bn every year or £199 per British household.

    This article was published by the Telegraph on March 31, 2016
    Link to article here

    Related publications
    'The consequences of Brexit for UK trade and living standards', Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Series No.02, March 2016

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



    News Posted: 31/03/2016      [Back to the Top]

    City AM

    EU referendum: British households save £200 per year thanks to EU free trade agreements - new London School of Economics (LSE) study

    British households save £200 per year thanks to European Union free trade agreements, according to a new report out today from the London School of Economics. The study from the LSE’s Centre for Economic Performance says British families will benefit from more savings from planned EU trade agreements with the US and Japan, worth an additional £238 for each UK household.

    This article appeared in City AM on 31 March 2016. Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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


    News Posted: 31/03/2016      [Back to the Top]

    YouTube.com

    RoyalEconomicSociety: The economics of #Brexit - Swati Dhingra - RES 2016

    Swati Dhingra of the Centre for Economic Performance at the London School of Economics talks about the key economics of Brexit. The interview was recorded at the Royal Economic Society annual conference at The University of Sussex in Spring 2016 and produced by Econ Films.

    This film was posted on YouTube by the Royal Economic Society on March 30, 2016
    Link to the filmed interview here

    Related publications
    Life after BREXIT: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.1, February 2016,
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 30/03/2016      [Back to the Top]

    VOX

    Royal Economic Society's panel on Brexit

    On 23 June, the UK will decide whether or not to leave the EU. While the general population is divided on the issue, the overall consensus among economists at a session on Brexit at the Royal Economic Society's annual conference was that Britons should vote to stay in the EU. This column presents the views of the four panellists at the session on the trade implications and the economic and political economy costs of Brexit.

    The four panellists at the session, titled ''Brexit?'', offered reasons for the apparent consensus (aside from the number of European economists in the room). Brexiteers argue that by leaving the EU, the UK could regain control over its economic policy, and negotiate a new, better trade deal with Europe.

    John Van Reenen (London School of Economics) outlined just how much he thought Brexit would hurt the British economy. Although it would bring some economic gains, in the form of a lower fiscal contribution to the EU (around 0.3% of GDP) and slightly boosted growth from stripping away some regulations, these would not outweigh the economic costs. After accounting for the loss of trade with the EU, lower foreign direct investment and lower immigration, he reckoned that GDP would be between 1.3% and 2.6% of GDP lower (£850 - £1,700 per household in Britain, per year), rising to between 6.3% and 9.5% after accounting for the dynamic effects of Brexit on productivity (Dhingra et al. 2016).

    Next, Swati Dhingra (London School of Economics) delved into the detail of the economic costs associated with Brexit. Immigration boosts productivity by allowing workers to sort efficiently into the right jobs (Di Giovanni et al. 2014), and 3 immigrants from the EEA make a positive contribution to the UK public finances (Dustmann and Frattini 2014), so curbs on immigration would be costly. Fears that immigration hurts employment among natives also seem misplaced (Wadsworth 2015). Bruno et al. (2016) found that joining the EU boosted inward flows of FDI by around 20% once a country joined the EU. On the assumption that leaving the EU would reduce them by as much, and combined with estimates from a cross-country growth regression, Dhingra calculated that households would lose out by at least £453 per year on average from the loss of FDI. Dhingra also explored whether Britain would be able to negotiate better trade deals with non-EU trade blocs outside of the EU.

    This article was published by VOX on March 30, 2016
    Link to article here

    Related publications
    The Consequences of Brexit for UK Trade and Living Standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

    Related links
    Swati Dhingra webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 30/03/2016      [Back to the Top]

    cYceon.com

    Brexit fears triggered an avalanche of reports

    UK's exit from the European Union (EU) - the Brexit - could cost the UK economy £100 billion and 950,000 jobs by 2020, pointed out a PwC-made report commissioned by the Confederation of British Industry (CBI) whose 4 in 5 of its members, who employ ... Another report delivered by the London School of Economics (LSE)'s Centre for Economic Performance (CEP) explained that the Brexit would cause a ...

    This article was published online by cYceon.com on March 29, 2016
    Link to article here

    Related publications
    'The consequences of Brexit for UK trade and living standards', Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Series No.02, March 2016

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



    News Posted: 29/03/2016      [Back to the Top]

    European Politics and Policy Blog

    India is getting a raw deal on the EU-India Trade Agreement, Article by Swati Dhingra

    The public debate on the EU-India BTIA is all about Indian tariff reductions on automobiles and greater access to trade in information technology (IT) services for Indian IT professionals in the EU. But going by the documents that can be accessed (more transparency would be nice), these issues are dwarfed by two main areas – investor rights and agricultural imports – where India will be tying its hands if it signs the proposed agreement.

    This article appeared on the European Politics and Policy Blog on 29 March 2016. Link to article

    Related Links
    Swati Dhingra webpage
    Trade Programme webpage

    News Posted: 29/03/2016      [Back to the Top]

    Economic Calendar

    UK Budget encourages more saving with higher ISA Allowance

    The Centre for Economic Performance estimates that Brexit would reduce UK gross domestic product (GDP) by up to 3.1%. However, this doesn't factor in losses associated with lower foreign direct investment (FDI), fewer skilled immigrants and reduced trade. A recession will likely impede Britons' ability to save, making the latest ISA allowance increase obsolete for a large swathe of the British population.

    This article was published online by Economic Calendar on March 26, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.2, March 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.01, March 2016

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



    News Posted: 26/03/2016      [Back to the Top]

    The Guardian

    NHS would be put under threat by Brexit, says Jeremy Hunt

    Hunt argues that, with the NHS budget already under huge pressure, funding levels can only be maintained if the British economy remains strong. He cites a series of economic surveys, including from the CBI, the London School of Economics and Oxford Economics, as evidence of the adverse impact of an exit on the UK economy and the government's ability to stick to high levels of funding for public services.

    This article was published by the Guardian online on March 26, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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



    News Posted: 26/03/2016      [Back to the Top]

    LSE Communications blog

    Ten years on, how are universities using twitter to engage with their communities? #LoveTwitter LSE Round-Up

    Amy Mollett, Social Media Manager, rounds up how LSE currently uses Twitter for sharing research, interacting with students and alumni, and promoting events. She also looks at what the future of academic social media might look like. For #LoveTwitter day she digs into the altmetrics and shares the most tweeted about pieces of LSE research.

    Research and Twitter at LSE
    We also have Department feeds and our own official @LSENews and @LSEalumni accounts that keep students and our community up to date about achievements and new research. Research is proving to be an area around which we're seeing increased engagement; we know there are lots of conversations going on all around the world about LSE-authored research and we get involved with those when it makes sense. A recent example is the interest in the CEP report on the consequences of Brexit for UK trade and living standards.

    This article was published online in the LSE Communications blog on March 24, 2016
    Link to article here

    Related links
    CEP BREXIT Analysis Series webpage
    See CEP on Twitter @CEP_LSE and use #CEPbrexit

    News Posted: 24/03/2016      [Back to the Top]

    City A.M

    The economic case against Brexit is stacking up fast

    Over the last week alone, there have been two further studies – from Oxford and London School of Economics –which show that a vote to leave is a vote for a less prosperous UK.

    This article appeared in City A.M. on 23 March 2016. Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 23/03/2016      [Back to the Top]

    moneyexpert

    CBI: EU exit could cost £100bn and 1m jobs

    The Centre for Economic Performance at LSE released a report last week that also states that British living standards and trade will be damaged if an ''out'' vote wins the referendum. In their research, the body states that the best case scenario would still see household incomes hit by around £850 per year. The organisation went on to say that this figure could rise to as much as £6,400 per household if trade and productivity are more severely impacted; this represents a fall not seen since the peak of the financial crisis in 2008-09.

    This article was published online by moneyexpert on March 22, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 22/03/2016      [Back to the Top]

    The Financial Times

    Is Britain better off outside the EU?

    Is Britain better off outside the EU? Over the past four days, three economic research groups have attempted to answer that question. All recognise the question is difficult because no one knows what relationship the UK will be able to strike with the rest of the EU if it votes to leave, or whether links to other countries will change. Economists do not generally claim these models provide a clear answer, but they do claim to offer insight into the magnitude of the issue and the importance of the assumptions. All of the three groups - the Centre for Economic Performance at the London School of Economics, CBI/PwC and Oxford Economics - provide a range of likely outcomes depending on the relationship Britain strikes with the EU if it leaves. None are estimated using the same techniques. All suggest that leaving the bloc will have a significant cost for British households, although under certain assumptions, those costs can be contained, they suggest.

    This article was published by the Financial Times on March 22, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 22/03/2016      [Back to the Top]

    The Guardian - Small Business Network

    EU referendum: how would Brexit change VAT and import duties?

    CEP's Swati Dhingra among experts weighing up the possible scenarios for a UK shoe company importing from Spain
    The EU is Britain's largest trade partner. If Britain votes to leave the EU, the government has not clarified which new trading arrangements would replace the existing free trade arrangement with the EU. This is why there is so much uncertainty about how UK businesses would be affected.

    This article was published online by the Guardian - Small Business Network on March 22, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 22/03/2016      [Back to the Top]

    LSE Business Review

    The question is not 'if' but 'how much' Brexit would cost the UK

    National income may fall between 1.3% and 2.6%, writes a Centre for Economic Performance team
    Those who say that leaving the EU is a win-win because Britons will both feel more free and become a lot richer are not being candid about the evidence. The standard trade models given here, calculations from trade and income differences of being in and out of the EU and also historical assessments show a consistent picture - Brexit will cost. The only question is 'exactly how much'?

    This article was published by the LSE Business Review blog on March 22, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 22/03/2016      [Back to the Top]

    The Financial Times

    Free Lunch: Brexitonomics

    How do we tally the economic consequences of Brexit? ... What matters is the quality of the jobs that Britons will work in outside versus inside the EU. For material well-being, that depends largely on whether the UK's trade with the outside world will be changed by Brexit. On this, the analysis by economists at the LSE's Centre for Economic Performance, a serious piece of research, is as good an estimate as is possible to make.

    This article was published in the Financial Times on March 22, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 22/03/2016      [Back to the Top]

    LSE British Politics and Policy Blog

    The question is not whether Brexit will cost the UK in economic terms but how much

    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. Their latest report focuses on the impact of 'Brexit' through changing trade patterns. Under 'optimistic' assumptions, there is a fall in national income of 1.3 per cent (about £850 per household). Under 'pessimistic' assumptions, this doubles to 2.6 per cent. When the dynamic effects of higher trade costs on productivity are included, the cost may rise to between 6.3 per cent and 9.5 per cent in the long run

    This article was published by the LSE British Politics and Policy blog on March 21, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards,Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.02, March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Paper No.01, February 2016

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



    News Posted: 21/03/2016      [Back to the Top]

    RTE News (Ireland)

    Brexit would cause 'serious economic shock' - Confederation of British Industry

    The CBI also said savings from reduced contributions to the EU's budget and regulation would be greatly outweighed by the negative impact on trade and investment. Last week a report by the Centre for Economic Performance at the London School of Economics said that Ireland would be the worst affected by any British exit from the EU. Commenting on the report, CBI Director-General Carolyn Fairbairn said: ''This analysis shows very clearly why leaving the European Union would be a real blow for living standards, jobs and growth''.

    This article was published by RTE News (Ireland) on March 21, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 21/03/2016      [Back to the Top]

    The Guardian

    Brexit could cost £100bn and nearly 1m jobs, CBI warns

    Last week a new report from the Centre for Economic Performance (CEP) at the London School of Economics also warned that UK trade and living standards would suffer. Average incomes would fall by £850 a household in the most optimistic post-Brexit scenario for UK trade, in which Britain adopts Norway’s model and remains part of the EU’s single market. But the CEP estimated that the impact from reduced trade and lower productivity could be as high as £6,400 per household, similar to the decline seen at the height of the financial crisis in 2008-09.

    This article appeared in the Guardian on 21 March 2016 Link to article

    Related publications
    The consequences of Brexit for UK trade and living standards Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen March 2016
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

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

    News Posted: 21/03/2016      [Back to the Top]

    LSE BrexitVote blog

    The cost of Brexit to trade? At least £850 per household, per year

    In this extract from the LSE Centre for Economic Performance's second briefing paper on Brexit, Swati Dhingra, John van Reenen, Thomas Sampson and Gianmarco Ottaviano conclude that - in the most optimistic scenario - UK income would drop by 1.3% (or £850 per household each year) if we left the EU. In a more pessimistic scenario, the drop would be 2.6%; it could even be up to 9.6%.

    This article was published by the LSE BrexitVote blog on March 19, 2016
    Link to blog here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 19/03/2016      [Back to the Top]

    The Financial Times

    LSE says Brexit cost for households £850 a year

    Leaving the EU would cost UK households at least £850 a year each, according to research that prompted a furious response from Brexit supporters on Friday. The economists at the Centre for Economic Performance at the London School of Economics, which receives core funding from the UK taxpayer-funded Economic and Social Research Council, said losses could be much higher if they assumed a bigger hit to trade and competition.

    This article was published by the Financial Times on March 18, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 18/03/2016      [Back to the Top]

    The Independent

    EU referendum: Brexit would spark 'constitutional crisis' for UK, warns Welsh First Minister Carwyn Jones

    A vote to leave the European Union would spark a 'constitutional crisis' that could put the future of the UK at risk, according to the Welsh First Minister. In an exclusive interview with The Independent, Welsh leader Carwyn Jones used the strongest language of the referendum campaign so far to warn of the disastrous political consequences if the separate nations of the UK vote different ways in June.

    A financial shock to rival the 2008 crash - or 'An inspiration'? Quitting the EU could cost every UK family £6,400, delivering a shock to incomes equivalent to the 2008 banking crash, says a study published yesterday. In the most optimistic scenario, average incomes would fall by £850 per household, said the Centre for Economic Performance at the London School of Economics. Britain's GDP would fall by £26bn-£55bn due to lower trade and productivity, a bigger hit than the other 27 EU states combined, it said.

    This article was published by The Independent on March 18, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
    Download the accompanying Technical Paper here
    See the complete CEP Brexit Analysis Series here

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



    News Posted: 18/03/2016      [Back to the Top]

    BBC News

    EU Referendum - Reality check: would Brexit cost every household £850?

    The UK leaving the European Union would knock £850 off the average UK household's income, according to a report from the Centre for Economic Performance (CEP) at the London School of Economics. And that's its conclusion taking an ''optimistic'' view. The pessimistic conclusion from the report is £1,700 per household.

    This article was published online by BBC News on March 18, 2016
    Link to article here

    Related publications
    The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016
    Download the accompanying Technical Paper here
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    See the complete CEP Brexit Analysis Series here

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


    News Posted: 18/03/2016      [Back to the Top]

    BandFT Business and Financial Times

    President Obama to have his say on Brexit

    Looking into FDI (foreign direct investment), the London School of Economics' Centre for Economic Performance determined that if the UK could reach favorable free trade agreements with the EU after a Brexit, it will lose FDI equal to 2.2 percent of gross domestic product. However, if such agreements are not reached, that same loss could be closer to 6.3-9.5 percent, which would be disastrous.

    This article was published by B&FT Business & Financial Times on March 15, 2016
    Link to article here

    Related article
    FXCM
    What would a 'Brexit' mean for the UK and Europe?
    Aside from being concerned about trade, many are worried about how a Brexit would affect foreign investment in the nation's businesses. The London School of Economics' Centre for Economic Performance has done some analysis in this area, estimating that if Great Britain manages to establish a free trade agreement with the EU after leaving the partnership, it will lose foreign direct investment equal to 2.2% of gross domestic product.
    Link to article here

    Related publications
    Brexit of Fixit? The Trade and Welfare Effects of Leaving the European Union, G. I. P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP Policy Analysis No 16, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Trade Programme webpage
    Growth Programme webpage



    News Posted: 15/03/2016      [Back to the Top]

    The Guardian

    Small business owners: meet our EU referendum expert panel

    In the run up to the vote on June 23 we'll be putting a selection of your questions to our panel, which includes business groups, academics, trade experts and journalists.
    The panel includes: Swati Dhingra is an assistant professor at the department of economics at the London School of Economics, researching international economics, globalisation and industrial policy. She is co-author of the recent 'Life after Brexit' report by LSE's centre for economic performance, which looked at the UK's options outside the EU. She is also associate editor of the Journal of International Economics, and was awarded the FIW Young Economist Award and the Chair Jacquemin Award by the European Trade Study Group for her work on firms and globalization.

    This article was published by the Guardian online on March 15, 2016
    Link to article here

    Related publications
    'Life after BREXIT: What are the UK's options outside the European Union?', Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.1, February 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 15/03/2016      [Back to the Top]

    CNC News

    Stay or leave?

    WHAT BRITISH THINK ABOUT BREXIT
    CNC has asked Dr. Swati Dhingra, Assistant Professor at London School of Economics and Political Science, on the benefits and risks of a Brexit for the UK.
    SOUNDBITE (ENGLISH): Dr. SWATI DHINGRA, Assistant Professor at LSE ''So we think that if the UK leaves the EU. Because the EU is the UK's trade partner. What that might do to the UK would be that will reduce trade, and that would have impact on UK incomes. So roughly speaking, the numbers that we are looking at depending on how you think future trade polices would look like if Britain did leave the EU, you are going to get numbers from somewhere between 1.3 percent of dropping GDP to about 2.5 percent dropping GDP. And this is only through the channel of international trade, good and services.'' ...

    This article was published online by CNC News on March 14, 2016
    Link to broadcast and article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 14/03/2016      [Back to the Top]

    CNSNews.com

    British activists incensed by claim that Obama will lobby for UK to stay in EU

    Although the report also raised as an option Britain signing onto the North American Free Trade Agreement, report co-author Swati Dhingra said she does not envisage that happening. Even if it did, Dhingra said, it would not happen immediately. She recalled that negotiations between the U.S. and Canada had taken place over about four years in the mid-1980s before the deal was finalized. (The U.S.-Canada free trade pact was concluded in 1988, paving the way for NAFTA - bringing together the U.S., Canada and Mexico - in the early 1990s.)

    This article was published online by CNSNews.com on March 14, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 14/03/2016      [Back to the Top]

    Economia

    OECD warns EU exit would be ''bad for UK''

    A separate report by the London School of Economics' Centre for Economic Performance has called on parties and politicians to publish their plans for a post-Brexit world, as well as their policy manifestos, ahead of the referendum in order to help citizens to make an informed decision. Authors Swati Dhingra and Thomas Sampson said that it is highly uncertain what the UK's future would look like outside the EU, which makes a vote to leave a leap into the unknown.

    This article was published by Economia on March 11, 2016
    Read more here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage


    News Posted: 11/03/2016      [Back to the Top]

    Reuters - Video

    Brexit fact check: Who's telling the truth?

    With both campaigns heating up ahead of June's referendum on EU membership, Reuters Jacob Greaves has spoken to a leading economist - CEP's Thomas Sampson - about the truth behind some political claims.

    This video is available to view on Reuters Video (UK). The video was posted on March 10, 2016.
    Link to filmed interview here

    Related links
    Thomas Sampson webpage
    Trade Programme webpage
    CEP Brexit 2016 Series webpage



    News Posted: 10/03/2016      [Back to the Top]

    The Daily Campus

    Column: Why Brexit would be a mistake

    London is not representative of the entire economy of Britain, however; leaving the European Union would cause a large economic shock. The Centre for Economic Performance at the London School of Economics predicted a 6.3 to 9.5 percent decrease in GDP if they choose to leave. Furthermore, it is likely that Scotland's desire for independence would be refueled, which would be another massive economic, as well as psychological, hit.

    This article was published by The Daily Campus on March 7, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 07/03/2016      [Back to the Top]

    U.S. News and World Report

    Arguments and allegations are flying as Britons grapple with how to vote in a June 23 referendum on whether to stay in the European Union or walk away

    The London School of Economics' Center for Economic Policy[sic] has calculated that, even if trade barriers with other European countries do not significantly increase, per capita income in Britain will fall by between 1.1 percent and 3.1 percent after a Brexit. ''The possibility of trading more with the rest of the world can't offset the loss of trade with the EU,'' said the center's Thomas Sampson.

    This article was published by U.S. News & World Report on March 5, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 05/03/2016      [Back to the Top]

    LSE Business Review

    If the UK leaves the EU, any path it chooses would carry economic costs

    Article by Swati Dhingra and Thomas Sampson
    All scenarios embody very different visions of the country's future place in the world, write Swati Dhingra and Thomas Sampson. To make an informed decision on the merits of leaving the European Union (EU), UK voters need to know more about what the government would do following Brexit. Just as the parties put forward policy manifestos in the run-up to an election, they should publish their plans for a post-Brexit world before the referendum.

    This article was published online by the LSE Business Review blog on March 5, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 05/03/2016      [Back to the Top]

    Vox

    Life after Brexit: the UK's options outside the EU

    Article by Swati Dhingra and Thomas Sampson
    In June, UK voters will decide whether to remain part of the EU. This column explores the UK's options if a majority votes in favour of Brexit. One possibility is for the UK, like Norway, to join the European Economic Area and thereby retain access to the European Single Market. An alternative would be to negotiate bilateral treaties with the EU, as Switzerland has done. All options, however, involve a trade-off between political sovereignty and economic benefits.

    This article was published online by the Vox blog on March 4, 2016
    Link to article here

    Related publications
    Life after BREXIT: What are the UK's options outside the European Union, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 20016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 04/03/2016      [Back to the Top]

    BBC Radio Nottingham

    Dr Swati Dhingra interviewed on freetrade

    Dr Swati Dhingra interviewed on freetrade
    This interview was broadcast by BBC Radio Nottingham on March 3, 2016
    Link to broadcast here

    Also on various other local BBC regional stations

    Related publications
    The Consequences of Brexit for UK Trade and Living Standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Series Paper No.2, March 2016

    Related Links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 03/03/2016      [Back to the Top]

    Nigeria News Shafaqna

    World: CEP Discussion Paper No 1398, December 2015: Flooded Cities

    Source: London School of Economics and Political Science Country: World Abstract Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which are among the costliest and most common natural disasters. Over the past thirty years, floods worldwide killed more than 500,000 people and displaced over 650,000,000 people.

    This article was published by the Nigeria News Shafaqna on March 3, 2016
    Link to article here

    Related publications
    Flooded Cities, Adriana Kocornik-Mina, Thomas K. J. McDermott, Guy Michaels and Ferdinand Rauch. Article in CentrePiece, Volume 20, Issue 3, Winter 2015/16
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K. J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Trade Programme webpage
    Labour Markets Programme webpage



    News Posted: 03/03/2016      [Back to the Top]

    BBC Radio 5 Live

    News

    Dr Swati Dhingra discusses the concept of free trade.

    The interview was broadcast by BBC Radio 5 Live News on March 3, 2016
    Link to recorded interview here

    Also on eight other local BBC radio stations.

    Related Links
    Swati Dhingra webpage
    Trade Programme webpage


    News Posted: 03/03/2016      [Back to the Top]

    BBC 5 Live

    Up All Night

    Listen to CEP's Dr Swati Dhingra speaking on the EU's role in the UK economy.

    This interview was broadcast on BBC 5 Live - Up All Night programme on March 3, 2016
    Link to broadcast here (from 17m02s)

    Related links
    Swati Dhingra webpage
    Trade Programme webpage
    CEP Brexit 2016 Series webpage



    News Posted: 03/03/2016      [Back to the Top]

    El Economista

    Del Grexit al Brexit

    Por otro lado, los que abogan por la permanencia enfatizan las posibles consecuencias económicas de una salida. De acuerdo con un estudio realizado por el Centre for Economic Performance de la London School of Economics, el costo de abandonar la UE para Reino Unido podría representar entre 1 y 3% del PIB aproximadamente, mientras que otro estudio de Citibank estima un impacto de hasta 4 por ciento.

    This article appeared in El Economista on 29 February 2016. Link to article

    Related Publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related Links
    Swati Dhigra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage

    News Posted: 29/02/2016      [Back to the Top]

    Economia

    Europe: the only certainty is uncertainty

    For sceptics and fans of Europe alike, 2016 promises to be the year of reckoning for Britain's position in (or out) of the EU. But now the options of membership have been put before the electorate - following David Cameron's negotiations in Brussels - arguments for and against a British withdrawal from the EU abound. ... Supposedly more nuanced research, such as that from the Centre for Economic Performance, part of the London School of Economics, offers a range of dire scenarios for Britain based on different deals with Europe. And yes, it gets more sympathy from the left.

    This article was published online by Economia on February 26, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 26/02/2016      [Back to the Top]

    The Guardian

    Brexit could wipe 20% off the pound amid referendum turmoil, warns HSBC

    Analysis by the Centre for Economic Performance at the London School of Economics has also dismissed the Leave campaign analysis that the UK economy would be unaffected. It considered an ''optimistic scenario'' with small increases in trade costs between the UK and the EU, and a ''pessimistic scenario'' with larger increases. ''In the optimistic case, Brexit reduces UK income by 1.1% of GDP. In the pessimistic case, UK income falls by 3.1%, or £50bn a year.''

    This article was published by The Guardian on February 25, 2016
    Link to article here

    Related publications
    Should we stay or should we go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 25/02/2016      [Back to the Top]

    Deutsche Welle TV

    News

    Dennis Novy gave a live TV interview with Deutsche Welle TV. The topic was the letter issued by various UK business leaders arguing in favour of Britain remaining a member country of the European Union. Dennis discussed the difference between a simple free trade agreement and the EU Single Market. Dennis also discussed the payments that countries like Norway and Switzerland make in order to get access to the EU Single Market. The interview also discussed the uncertainty faced by UK businesses due to the Brexit referendum, in particular relating to international trade and foreign direct investment (FDI).

    This interview was broadcast by Deutsche Welle TV on February 23, 2016
    Link to the interview here

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 23/02/2016      [Back to the Top]

    International Business Times

    UK-EU Brexit Controversy 2016: London Mayor Boris Johnson Eyes Prime Minister Seat Ahead Of Referendum Vote?

    ''London is going to be worse hit than other places,'' said Swati Dhingra, an economist specializing in trade at the London School of Economics, describing the city's deep connections with European trading partners and foreign investors. ''When your bottom line starts to get worse, you might start to see businesses move to Paris, Frankfurt,'' she said.

    This article was published by the International Business Times on February 22, 2016
    Link to article http://www.ibtimes.com/uk-eu-brexit-controversy-2016-london-mayor-boris-johnson-eyes-prime-minister-seat-2317142">here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 22/02/2016      [Back to the Top]

    The UK in a Changing Europe blog

    Brexit campaigns ignore 40 years of economic data

    Article by Swati Dhingra
    During the run up to this referendum, much has been said about the political consequences of leaving the EU (so-called 'Brexit'). But less attention is given to the economic consequences of Brexit.

    This article was published online by The UK in a Changing Europe blog on February 9, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Trade Programme webpage



    News Posted: 09/02/2016      [Back to the Top]

    Financial Times

    Quality of China's workers to rise, even if number falls

    The central argument of Fadi Hassan, assistant professor of economics at Trinity College, Dublin, and consultant for Italy’s UniCredit, is that China’s demographic transformation should be kept in perspective. Mr Hassan notes that, barring very small countries, China currently has the second lowest dependency ratio in the world, beaten only by Moldova. At about 37 per cent, China’s ratio is a fraction of the 80 per cent or so it reached during the 1970s, before the effects of China’s two-child policy, initiated in 1970, and one-child policy, which came along in 1979, kicked in.

    This article appeared in the Financial Times on 5 February 2016. Link to article

    Related Links
    Fadi Hassan webpage
    Trade webpage

    News Posted: 05/02/2016      [Back to the Top]

    Sky News Tonight

    Dr Thomas Sampson from the Centre for Economic Performance says the EU accounts for about half of all UK trade

    Dr Thomas Sampson from the Centre for Economic Performance says the EU accounts for about half of all UK trade.

    This interview was broadcast by Sky News Tonight on January 25, 2016
    Link to interview here

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 25/01/2016      [Back to the Top]

    Building.co.uk

    Brexit: Ins and outs

    The CBI estimates that leaving the EU would, ''conservatively'' have a significant net negative impact on the UK economy of £78bn annually, or about 4-5 percent of GDP. However, others have made more dire predictions, including the Centre for Economic Performance at the London School of Economics, which says the impact could be as much as 9.5 percent of GDP - the same as the 2008/9 banking crisis.

    This article was published online by Building.co.uk on January 21, 2016
    Link to article here

    Related publications
    Life after Brexit: What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis No.01, February 2016
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 21/01/2016      [Back to the Top]

    Vox

    Do floods shift economic activity to safer areas?

    Article by Adriana Kocornik-Mina, Thomas McDermott, Guy Michaels and Ferdinand Rauch
    During the past couple of months alone, floods have displaced 100,000 people or more in Kenya, in Paraguay and Uruguay, and in India, as well as more than 50,000 people in the UK. And rising sea levels due to climate change loom. This column assesses the risk and the challenges for policymakers. It details the effects of flooding in cities around the world, showing that economic activity is concentrated in low-elevation urban areas, despite their much greater exposure to flooding. And worryingly, economic activity tends to return to flood-prone low-lying areas rather than relocating.

    This blog article was published online by Vox on January 21, 2016
    Link to article here

    Related publications
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 21/01/2016      [Back to the Top]

    Thejournal.ie

    One way to help stop floods? Don't let developers build on flood plains

    Dr Tom McDermott of the School of Economics and the Environmental Research Institute at University College Cork has been working with colleagues from the London School of Economics and Oxford University to examine overpopulation in flood-prone locations.

    This article was published online by Thejournal.ie on January 11, 2016
    Link to article here

    Related publications
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 11/01/2016      [Back to the Top]

    Irish Examiner

    Experts back tighter restrictions for building on flood-prone plains

    Climate change experts have backed calls for tighter planning restrictions to prevent new building on flood plains after the worst national flooding crisis in a generation. After a major study of city floods around the world, academics at University College Cork, the London School of Economics, and Oxford University found no evidence that cities, their economic hubs, or large population centres relocate after large floods. Full economic activity has usually resumed in the flood-prone zones, usually within a year, they said. The study also warned that modern cities with high population concentrations in low-lying areas face greater flood risk as sea levels rise and extreme rainfall episodes become more frequent.

    This article was published online by the Irish Examiner on January 7, 2016
    Link to article here

    Related publications
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 07/01/2016      [Back to the Top]

    Independent.ie (Ireland)

    Frontline workers continue to toil full month after the first rains fell

    New research co-authored by Dr Tom McDermott of the School of Economics and the Environmental Research Institute at UCC finds that in the past 30 years, more than 500,000 people have been killed by floods and more than 650 million displaced globally.

    This article appeared in the Independent.ie on 6 January 2016 Link to article

    Related publications
    Flooded Cities Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage

    News Posted: 06/01/2016      [Back to the Top]

    BBC Radio 5 Live

    Phil Williams show

    Guy Michaels discusses his study of the economic impact of floods and likelihood of people moving from flooding areas.

    The interview was broadcast by BBC Radio 5 Live on January 5, 2016
    Link to interview here
    (43 mins in)

    Related publications
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 05/01/2016      [Back to the Top]

    Sport Economy.it

    Il FPF al centro di una giornata organizzata da FIGC e UniBocconi

    Saranno relatori Donato Masciandaro (Cattedra in Economia della Regolamentazione Finanziaria presso l’Università Bocconi, Direttore del Centro di economia monetaria e finanziaria Paolo Baffi), Michele Uva (Direttore Generale FIGC, membro UEFA National Team Competitions Committee), Andrea Agnelli (Presidente Juventus FC, Rappresentante dell’European Club Associations e membro del Comitato Esecutivo UEFA), Umberto Gandini (Direttore Organizzazione Sportiva AC Milan, Vice Presidente del Consiglio Esecutivo dell’European Club Associations), Gian Marco Ottaviano (Docente presso The London School of Economics and Political Science), Karl-Heinz Rummenigge (Dirigente Bayern Monaco, Presidente del Consiglio Esecutivo dell’European Club Associations e Rappresentante dell’ECA, membro del Comitato Esecutivo UEFA), e Andrea Traverso (UEFA Head of Club Licensing & Financial Fair Play) che chiuderà i lavori

    This article appeared in Sport Economy.it on 5 January 2016. Link to article

    Related Links
    Gianmarco Ottaviano webpage
    Trade webpage

    News Posted: 05/01/2016      [Back to the Top]

    The Financial Times

    Subsidies encourage housebuilding on floodplains, report finds

    The UK taxpayer is left to pick up the cost of flooding because housebuilders do not contribute enough when building homes, giving them an incentive to build on floodplains, according to research. Flooding costs between 2 and 8 per cent of an area's economic activity in the year after a flood, the research for the London School of Economics' Centre for Economic Performance found.

    This article was published by The Financial Times on January 1, 2016
    Link to article here

    Related publications
    'Flooded Cities', Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch, Centre for Economic Performance Discussion Paper No.1398, December 2015

    Related links
    Guy Michaels webpage
    Ferdinand Rauch webpage
    Labour Markets Programme webpage
    Trade Programme webpage



    News Posted: 01/01/2016      [Back to the Top]

    China Daily

    Experts split on Brexit impact on Chinese links

    Dennis Novy believes Chinese investors would no longer take the UK seriously if the country left the EU. ''It would be one-sided deterioration'', argues the associate professor of economics at the University of Warwick, who has written numerous articles on the subject. ''Britain would be in a much worse position and would not matter much to China, since Britain is a relatively small player on the global stage. ''The EU works because it leverages size. There are a lot of small countries in Europe that individually are not terribly powerful, but together they can increase their economic and political power. Of course, this is also true for the UK.'' He believes the main reason China is talking to the UK now is due to direct influence Beijing believes the UK has in Brussels. ''What would Britain look like if it left the EU? This is the big question, and I think this is the weak point of the Brexit campaign because we have a relatively good understanding what the future would look like if Britain remains in the EU, but if it left it would be much harder to think about'', Novy says.

    This article was published online by the China Daily (Europe) on December 18, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Trade Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 18/12/2015      [Back to the Top]

    The Financial Times

    Centrist reformers poised to land late blow in Spanish elections

    Analysts already point to Ciudadanos as the likely kingmaker after the December 20 election. The party is expected to command a parliamentary group so large that it would be impossible for others to rule without it. Ciudadanos leaders, however, are more ambitious still. ''We are in this to win'', says Luis Garicano, a professor at the London School of Economics who is in charge of the party's economic programme. ''We are very close to overtaking the Socialists, or have already overtaken them, and are in striking distance of the [ruling] Popular party.''

    This article was published by The Financial Times on December 8, 2015
    Link to article here

    Related links
    Luis Garicano webpage
    Growth Programme webpage



    News Posted: 08/12/2015      [Back to the Top]

    European Politics and Policy Blog

    Debunking the myths about British science after an EU exit

    “Our current assessment is that leaving the EU would be likely to impose substantial costs on the UK economy and would be a very risky gamble.” Analysis by economists at the Centre for Economic Performance (CEP)

    This article appeared in the European Politics and Policy Blog on 4 December 2015. Link to article

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 04/12/2015      [Back to the Top]

    BBC News online

    Finding new ways of going Forth

    These economists, in an article published by the Centre for Economic Performance, concluded it could also have a lot to do with the 'search costs'. That is, the hassle of finding out other means of getting to work was more costly than the advantages perceived as likely to come from doing so.

    This article appeared on BBC News Online on 4 December 2015. Link to article

    Related Publications
    The upside of London Tube strikes Shaun Larcom, Ferdinand Rauch and Tim Willems November 2015 Paper No' CEPCP455

    Related Links
    Ferdinand Rauch webpage
    Trade webpage

    News Posted: 04/12/2015      [Back to the Top]

    Bloomberg View

    Watch Out China: A Reserve Currency Brings Boom and Busts

    Even the private sector, though, could be harmed by capital inflows. As economists Gianluca Benigno, Nathan Converse, and Luca Fornaro have found, large influxes of foreign money can lead to booms and busts. They can also cause a country to shift resources out of manufacturing, where productivity growth is often high, into service-oriented industries where productivity is relatively stagnant

    This article appeared in Bloomberg View on 1 December 2015. Link to article

    Related Publications
    Large Capital Inflows, Sectoral Allocation and Economic Performance Gianluca Benigno, Nathan Converse, Luca Fornaro, May 2015 Paper No' CEPDP1348

    Related Links
    Gianluca Benigno webpage
    Trade webpage

    News Posted: 01/12/2015      [Back to the Top]

    LSE EUROPP blog

    We have been overlooking the relationship between immigration and international trade in services

    The volume of international trade in services has grown rapidly over recent decades and, in fact, has outpaced growth in goods trade. Over the same period many developed countries experienced rapid growth in immigration. Gianmarco Ottaviano, Giovanni Peri and Greg Wright argue that while many studies have analysed the link between immigrants and trade in goods, the link between immigrants and trade in services is almost unexplored. Due to the customer-specific information required for the provision of services, this link may be particularly important.

    This article was published on the LSE EUROPP blog on November 21, 2015
    Link to article here

    Related publications
    Immigration: the link to international trade in services, Gianmarco Ottaviano, Giovanni Peri and Greg Wright. Article in CentrePiece Volume 20, Issue 2, Autumn 2015
    'Immigration, Trade and Productivity in Services: Evidence from UK Firms', Gianmarco I.P. Ottaviano, Giovanni Peri and Greg Wright, Centre for Economic Performance Discussion Paper No.1353, May 2015

    Related links
    Gianmarco Ottaviano webpage
    Trade Programme webpage



    News Posted: 21/11/2015      [Back to the Top]

    BBC Radio Coventry and Warwickshire

    Drive

    Dennis Novy interviewed about the upcoming negotiations of Prime Minister David Cameron over Britain's EU membership and in particular their implications for international trade.

    The interview was broadcast by BBC Radio Coventry & Warwickshire on November 9, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Trade Programme webpage


    News Posted: 09/11/2015      [Back to the Top]

    BBC Coventry and Warwickshire

    Drive Programme

    Dennis Novy gave a radio interview for the Drive programme with Lorna Bailey. The topic was the upcoming negotiations of Prime Minister David Cameron over Britain's EU membership and in particular their implications for international trade.

    The interview was broadcast on BBC Coventry & Warwickshire's Drive programme on November 9, 2015
    [No link available]

    Related links
    Dennis Novy webpage
    Trade Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 09/11/2015      [Back to the Top]

    Bloomberg Business

    What will the UK do in 2016?

    Prime Minister David Cameron has promised a vote by the end of 2017, though it may occur as early as summer 2016. He wants to stay in the EU but hopes to renegotiate the terms of membership. Regardless of the outcome, the runup to the vote will affect the economy, with HSBC analysts arguing in a recent report that it should be held sooner rather than later to limit the “potentially damaging uncertainty” surrounding it. “I would expect a negative impact,” says Thomas Sampson, a specialist in trade at the London School of Economics. “It’s fairly well established that where there’s more uncertainty, businesses tend to delay investment.”

    This article appeared in Bloomberg Business on 5 November 2015. Link to article

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 05/11/2015      [Back to the Top]

    Share Radio

    The topsy-turvy world of negative interest

    Dennis Novy gave a radio interview to Share Radio about negative interest rates and what they mean for the UK economy. ''Is the US headed for negative interest rates? As the Fed announced a mostly positive rate outlook this Wednesday, some are still worried that we could see a negative interest on the horizon. Matt Cox investigates...''

    The interview was broadcast by Share Radio on October 29, 2015
    Link to broadcast here

    Related links
    Dennis Novy webpage
    Trade Programme webpage



    News Posted: 29/10/2015      [Back to the Top]

    MSN Canada

    Sair ou ficar na UE, eis a grande questão

    Apesar de ninguém saber ao certo o que aconteceria se o Reino Unido saísse da UE, um artigo de maio do 'The Guardian' cita alguns estudos que deixam pistas. Um do Centre for Economic Performance, da London School of Economics, refere que no pior cenário o PIB britânico cairia entre 6,3% e 9,5% e no melhor 2,2%.

    This article appeared in MSN on 27 Ocotber 2015. Link to article

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 27/10/2015      [Back to the Top]

    Bloomberg

    Avoiding the Financial Resource Curse

    Interestingly, though, a team of economists may have just found that third factor. Gianluca Benigno, Nathan Converse, and Luca Fornaro have a new paper in which they propose something called the “financial resource curse.” This theory says that the real culprit behind slow growth might not be finance itself, but rather large influxes of financial investment from foreign countries.

    This article appeared in Bloomberg on 26 October 2015 Link to article

    Related Publications
    Large Capital Inflows, Sectoral Allocation and Economic Performance Gianluca Benigno, Nathan Converse, Luca Fornaro, May 2015 Paper No' CEPDP1348

    Related Links
    Gianluca Beningo webpage
    Trade webpage

    News Posted: 26/10/2015      [Back to the Top]

    Diario de Navarra Online

    Sair ou ficar na UE, eis a grande questão,

    Um do Centre for Economic Performance, da London School of Economics, refere que no pior cenário o PIB britânico cairia entre 6,3% e 9,5% e no melhor 2,2%.
    The Centre for Economic Performance, London School of Economics, says that in the worst scenario the British GDP would fall between 6.3% and 9.5% and 2.2% at best.

    This article appeared on Diario de Navarra Online on 25 October 2015 Link to article

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage

    News Posted: 24/10/2015      [Back to the Top]

    LSE British Politics and Policy blog

    Britain needs Europe a lot more than Europe needs Britain

    With the Leave.eu campaign pledging to win back the UK, and with The Britain Stronger in Europe campaign pledging to explain the ''true reality of life'' outside the EU, arguments for and against UK's membership give and take daily. Here, Dennis Novy explains why a divorce from the EU would risk putting the UK in a weaker economic position.

    This blog article was published by LSE British Politics and Policy on October 23, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Trade Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 23/10/2015      [Back to the Top]

    Financial Times

    Free Lunch: Be very afraid

    Gianluca Benigno, Nathan Converse, and Luca Fornaro argue that an inflow of capital can have the same effect, causing a temporary boom that boosts growth but directs activity away from manufacturing into low-productivity or unsustainable sectors.

    This article appeared in the Financial Times on 16 October 2015. Link to article

    Related Publications
    Large Capital Inflows, Sectoral Allocation and Economic Performance Gianluca Benigno, Nathan Converse, Luca Fornaro, May 2015 Paper No' CEPDP1348

    Related Links
    Gianluca Beningo webpage
    Trade webpage

    News Posted: 16/10/2015      [Back to the Top]

    Il Sole 24 Ore Online

    Gli scossoni economici di Brexit

    Pochi hanno prodotto numeri seri sul costo della non Europa per la Gran Bretagna perché si tratta di un esercizio complesso e vago. Ci limitiamo a citare la ricerca di Open Europe, il think tank eurospettoso fondato da Mats Persson oggi consigliere di David Cameron, che nello scenario più estremo immagina una caduta del Pil del 2,2% e la ricerca del Centre for economic performance della London school of economics che in uno studio firmato anche da Gianmarco Ottaviano immagina una perdita del pil del 3,1%.
    Few have produced serious numbers on the cost of non-Europe for Britain because it is a complex exercise and vague. We just mention the search of Open Europe, the think tank founded by Mats Persson eurospettoso today adviser to David Cameron, that the more extreme scenario envisions a fall in GDP of 2.2% and the research of the Centre for Economic Performance at the London School of economics that in a study also signed by Gianmarco Ottaviano imagines a loss of GDP of 3.1%.

    This article appeared in Il Sole 24 Ore Online on 13 October 2015 Link to article

    Related Publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco I. P. Ottaviano, Thomas Sampson, March 2015 Paper No' CEPEA022

    Related Links
    Gianmarco Ottaviano webpage
    Trade webpage

    News Posted: 13/10/2015      [Back to the Top]

    Vox

    International capital flows, sectoral resource allocation, and the financial resource curse

    Article by Gianluca Benigno, Nathan Converse and Luca Fornaro
    In the aftermath of the Global Crisis, policymakers have adopted policies to limit, or at least manage, capital inflows. This column explores episodes of capital inflows coupled with weak productivity growth, in other words, the financial resource curse. The findings show that once access to foreign capital subsides, the initial boom gives way to a recession. Both investment and employment in the manufacturing sector drop, and the larger the decrease of labour in manufacturing, the sharper the following contraction.

    This article was published online by Vox on October 11, 2015
    Link to article here

    Related publications
    'Large Capital Inflows, Sectoral Allocation and Economic Performance', Gianluca Benigno, Nathan Converse and Luca Fornaro, Centre for Economic Performance Discussion Paper No. 1348, May 2015

    Related Links
    Gianluca Beningo webpage
    Trade Programme webpage



    News Posted: 11/10/2015      [Back to the Top]

    The National

    Gordon MacIntyre-Kemp: Brexit is not the panacea we need for all EU's problems

    THE Centre for Economic Performance at the London School of Economics predicts the range of Brexit economic scenarios from something akin to the global financial crisis (-10 per cent GDP) to a best case scenario of a -2.2 per cent annual loss of GDP. Other credible think tanks are more positive but none predict a boom time following a Brexit, so the case for a No vote would appear to be based more on British Nationalism than economic pragmatism.

    This article appeared in The National on 25 September 2015 Link to article

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related videos
    Should we stay or should we go? If we stay there may be trouble, but if we leave the economic trouble will be double. That is the main finding from 'Britain and Europe'. Interview with Thomas Sampson. View video here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage


    News Posted: 25/09/2015      [Back to the Top]

    The National

    Gordon MacIntyre-Kemp: Brexit is not the panacea we need for all EU's problems

    THE Centre for Economic Performance at the London School of Economics predicts the range of Brexit economic scenarios from something akin to the global financial crisis (-10 per cent GDP) to a best case scenario of a -2.2 per cent annual loss of GDP. Other credible think tanks are more positive but none predict a boom time following a Brexit, so the case for a No vote would appear to be based more on British Nationalism than economic pragmatism.

    This article was pubished online by The National on September 25, 2015
    Link to article here

    Related publications
    Should We Stay or Should We Go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis Series, March 2015

    Related videos
    Should we stay or should we go? If we stay there may be trouble, but if we leave the economic trouble will be double. That is the main finding from 'Britain and Europe'. Interview with Thomas Sampson.
    View video here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Trade Programme webpage



    News Posted: 25/09/2015      [Back to the Top]

    European CEO

    Greek democracy trumps economics

    The job of finance minister is no easy feat at the best of times, especially in Greece. So is the job even doable?
    European CEO speaks with Dr Dennis Novy an economist from the University of Warwick to find out the intricacies of the Greek government.

    This article appeared in European CEO on 22 September 2015. Link to article

    Related links
    Dennis Novy webpage
    Trade Programme webpage

    News Posted: 22/09/2015      [Back to the Top]

    France 24 (TV)

    Dennis Novy interview

    Dennis Novy live interview on the Greek election.

    This programme was broadcast on France 24 on September 18, 2015
    (no link available).

    Also on:
    Al Jazeera

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage

    News Posted: 18/09/2015      [Back to the Top]

    ITV1 Anglia West

    News

    Reference to LSE study which shows academic benefits of banning mobiles in schools

    This programme was broadcast on 17 September 2015 (no link available).

    Related Publications
    In brief... Phone home: should mobiles be banned in schools? Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015
    Ill Communication: Technology, Distraction and Student Performance, Louis-Philippe Beland and Richard Murphy, Centre for Economic Performance Discussion Paper No.1350 May 2015

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 17/09/2015      [Back to the Top]

    IZA World of Labor

    Today's featured article

    Offshoring has little net effect on domestic employment, while pushing domestic workers toward more complex jobs
    Gianmarco Ottaviano (LSE, UK, University of Bologna, Italy, and IZA, Germany)

    This article appeared in IZA World of Labour on 16 September 2015. Link to article

    Related links
    Gianmarco Ottaviano webpage
    Trade Programme webpage
    Gianmarco Ottaviano CEP publications webpage

    News Posted: 16/09/2015      [Back to the Top]

    BBC Radio Wiltshire

    News

    Mention of LSE research on the effects of mobile phone use on children.

    This programme was broadcast on BBC Radio Wiltshire on 14 September 2015 (no link available.

    Related Publications
    In brief... Phone home: should mobiles be banned in schools? Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015
    Ill Communication: Technology, Distraction and Student Performance, Louis-Philippe Beland and Richard Murphy, Centre for Economic Performance Discussion Paper No.1350 May 2015

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 14/09/2015      [Back to the Top]

    BBC Radio Wiltshire

    News

    Mention of LSE research on the effects of mobile phone use on children.

    This programme was broadcast on BBC Radio Wiltshire on 14 September 2015 (no link available.

    Related Publications
    In brief... Phone home: should mobiles be banned in schools? Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015
    Ill Communication: Technology, Distraction and Student Performance, Louis-Philippe Beland and Richard Murphy, Centre for Economic Performance Discussion Paper No.1350 May 2015

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 14/09/2015      [Back to the Top]

    BBC Radio Wiltshire

    News

    Mention of LSE research on the effects of mobile phone use on children.

    This programme was broadcast on BBC Radio Wiltshire on 14 September 2015 (no link available.

    Related Publications
    In brief... Phone home: should mobiles be banned in schools? Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015
    Ill Communication: Technology, Distraction and Student Performance, Louis-Philippe Beland and Richard Murphy, Centre for Economic Performance Discussion Paper No.1350 May 2015

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 14/09/2015      [Back to the Top]

    BBC Radio Wiltshire

    News

    Mention of LSE research on the effects of mobile phone use on children.

    This programme was broadcast on BBC Radio Wiltshire on 14 September 2015 (no link available.

    Related Publications
    In brief... Phone home: should mobiles be banned in schools? Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015
    Ill Communication: Technology, Distraction and Student Performance, Louis-Philippe Beland and Richard Murphy, Centre for Economic Performance Discussion Paper No.1350 May 2015

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 14/09/2015      [Back to the Top]

    RIETI - Research Institute of Economy, Trade and Industry, IAA

    What is Brexit and why it matters

    Article by Gianmarco I.P. Ottaviano
    As the deadline gets closer, the United Kingdom (UK) public debate is heating up on an event that, one way or another, could change the identity of the European Union (EU) and its economic relations with Japan and the rest of the world: the referendum on the UK's membership of the EU in 2017 (or possibly even earlier) to which the UK Prime Minister and his Conservative party committed since 2013.

    This article was published online by RIETI on September 4, 2015
    Link to article here

    Related publications
    Should we stay or should we go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analysis No.22, March 2015

    Related links
    Gianmarco Ottaviano webpage
    Globalisation Programme webpage



    News Posted: 04/09/2015      [Back to the Top]

    Al Jazeera TV

    News

    Dennis Novy interviewed. The topic was the resignation statement of the Greek prime minister Alexis Tsipras, and what it means for the bailout programme and the Greek economy.

    The interview was broadcast by Al Jazeera television on August 20, 2015.
    Interview broadcast at 6pm, 7pm and in a recorded interview later.

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage



    News Posted: 20/08/2015      [Back to the Top]

    City AM

    Can Alexis Tsipras survive as Greece's Prime Minister?

    Article by Dennis Novy
    Alexis Tsipras will be able to survive, for one simple reason: there’s no better alternative. The Greeks don’t want to leave the Eurozone. The last months have shown that the government's previous approach hasn't worked. Predominantly, this is because of too much resistance from other countries, particularly Germany. But now, Tsipras has changed course. The opposition tends to agree with this move. But huge challenges remain. The economy is down at depression level, unemployment is sky high, and there are imbalances across the Eurozone. What is really needed is institutional reform of the EU.

    This article was published by City A.M. on August 17, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage



    News Posted: 17/08/2015      [Back to the Top]

    BBC Coventry and Warwickshire

    News

    Dennis Novy interviewed on the Transatlantic Trade and Investment Partnership (TTIP) in the light of households in Kenilworth protesting with the message to protect the NHS from TTIP.

    This article was published by BBC Coventry & Warwickshire on August 12, 2015
    [No link available.]

    Related publications
    TTIP: is free trade coming to the North Atlantic?, Dennis Novy. Article in CentrePiece Volume 19, Issue 3, Winter 2015.

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage



    News Posted: 12/08/2015      [Back to the Top]

    BBC World Service

    BBC World

    Dennis Novy interviewed lived on BBC World on Grexit, discussing the Greek bailout and long-term issues re huge imbalances in the Eurozone.

    This interview was broadcast by the BBC World Service on August 11, 2015
    [ No link available. ]

    See also:
    BBC Radio Ulster
    Evening Extra Programme
    Dennis Novy interviewed, answering questions on Greece and 'Grexit': what has happened today? What the repercussion are likely to be? What will happen next?
    Radio Live New Zealand
    Dennis Novy interviewed live. The topic was Greece and the latest bailout package.

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage



    News Posted: 11/08/2015      [Back to the Top]

    The Market Mogul

    Consequences of a Brexit

    The Centre of Economic Performance (known as the CEP) claim that Britain could have its GDP fall by 8%. In essence, the CEP claim that in a worst case scenario Britain could face loses similar to the ones that were experienced during the global financial crisis. From an optimistic view point and under ideal conditions, the CEP claim that the British GDP will only fall by 2.2%. Essentially, an EU exit could potentially cause the UK economy to contract. EU skeptics argue that this contraction is only temporary and that the elimination of strict regulations in the financial sector will outweigh the transitory contraction of the UK economy.

    This article was published online by The Market Mogul on July 9, 2015
    Link to article here

    Related publications
    Should we stay or should we go? The economics consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses Series

    Related CEP videos/podcasts
    Should we stay or should we go? If we stay there may be trouble, but if we leave the economic trouble will be double. That is the main finding from 'Britain and Europe' by Thomas Sampson.
    View the video here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Globalisation Programme webpage



    News Posted: 09/07/2015      [Back to the Top]

    Business Reporter

    Greece to submit last ditch bailout proposals

    Leading academics from the London School of Economics have called on both Greece and its international creditors to adopt a more responsible approach.

    This article was published online by Business Reporter on July 9, 2015
    Link to article here

    See also:
    20minutes.fr
    3:55 p.m.: Professors from the prestigious University London School of Economics protest against austerity in Greece
    Twenty-six teachers and academics from the prestigious London School of Economics (LSE) call in an open letter at the end of fiscal austerity in Greece and maintenance of the country in the euro area. They explain that ''the institutions must agree to a relaxation of fiscal austerity, at least until that Greece is on track for a recovery [economic]. The austerity during a recession is bad policy and worse recession. Continued austerity measures (..) delays the recovery''.
    Link to article here

    RTBF
    La London School of Economics se mobilise pour la Grèce
    The famous London university published an open letter urging the leaders of the Eurozone and Greece to work for a reasonable solution to avoid a ''Grexit'' harmful to both parties.
    Link to article here

    Related links
    LINK TO OPEN LETTER HERE
    Francesco Caselli webpage
    Swati Dhingra webpage
    Ethan Ilzetzki webpage
    Henrik Kleven webpage
    Christopher Pissarides webpage
    Veronica Rappoport webpage
    Johannes Spinnewijn webpage
    Silvana Tenreyro webpage
    John Van Reenen webpage
    Gabriel Zucman webpage
    Macro Programme webpage
    Labour Markets Programme webpage
    Productivity and Innovation Programme webpage
    Globalisation Programme webpage



    News Posted: 09/07/2015      [Back to the Top]

    VOA News

    London professors call for easing of Greek austerity

    Twenty-six members of the faculty at the London School of Economics (LSE) have called for Greece's creditors to ease the austerity measures they have imposed over the last five years. In an open letter, the professors write, ''The institutions have to agree to a relaxation of fiscal austerity, at least until Greece is on the recovery path. Austerity during a recession is the wrong policy as it deepens the recession.''

    This article was published online by VOA News on July 9, 2015
    Link to article

    Link to open letter here

    Related links
    Francesco Caselli webpage
    Swati Dhingra webpage
    Ethan Ilzetzki webpage
    Henrik Kleven webpage
    Christopher Pissarides webpage
    Veronica Rappoport webpage
    Johannes Spinnewijn webpage
    Silvana Tenreyro webpage
    John Van Reenen webpage
    Gabriel Zucman webpage
    Macro Programme webpage
    Labour Markets Programme webpage
    Productivity and Innovation Programme webpage
    Globalisation Programme webpage



    News Posted: 09/07/2015      [Back to the Top]

    Sky News TV

    News A.M.

    Dennis Novy live interview, commenting on the dramatic developments on Greece and the Eurozone crisis.

    This interview was broadcast by Sky News on June 29, 2015
    Link to interview here [Starts at 9.40am]

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 29/06/2015      [Back to the Top]

    Al Jazeera

    ''Newshour'' Programme

    Dennis Novy gave a live interview, commenting on the dramatic developments on Greece and the Eurozone crisis.

    The interview was broadcast by Al Jazeera on their ''Newshour'' Programme
    Link to the interview here [Starts at 10pm]

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 28/06/2015      [Back to the Top]

    Voice of America

    Greek debt deal may be short-term-fix

    Follow-up interview, Dennis Novy on latest Greece negotiations.

    This interview was broadcast by Voice of America on June 23, 2015
    Link to interview here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 23/06/2015      [Back to the Top]

    BBC World Service (radio)

    World update, with Dan Damon, 10:30am

    Dennis Novy interviewed, speaking about latest Greece negotiations.

    This interview was broadcast on the BBC World Service World Update programme on June 23, 2015
    Link to interview here [Ca. 32min 35sec into the programme (total length: about 4 mins)]

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 23/06/2015      [Back to the Top]

    Sky News

    9:30 am Live TV interview

    Dennis Novy on the latest Greece negotiations.

    This interview was broadcast by Sky News on June 23, 2015

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage


    News Posted: 23/06/2015      [Back to the Top]

    BBC Coventry and Warwickshire

    Shane O'Connor's Breakfast Show

    8.50am: live radio interview
    Dennis Novy interviewed, speaking about Greece and the looming IMF deadline.

    The interview was broadcast by BBC Coventry and Warwickshire on the Shane O'Connor Breakfast Show on June 22, 2015
    Link to broadcast here (about 1 hour 50 mins in)

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 22/06/2015      [Back to the Top]

    BBC News

    7pm News

    Dennis Novy interviewed, speaking about Greece and the looming IMF deadline.

    This interview was broadcast by BBC News on June 21, 2015
    [No link available]

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 21/06/2015      [Back to the Top]

    Voice of America

    Agreement uncertain at Greek debt summit

    But Associate Professor of Economics at Britain's University of Warwick, Dennis Novy, expects neither success nor disaster at Monday's summit. ... Novy says default would not immediately create a crisis because key creditor nations like Germany and France want to avoid a Greek departure from the euro.

    This article was published by Voice of America on June 19, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 19/06/2015      [Back to the Top]

    Investment Europe

    Brexit: What's at stake for the UK

    Deutsche Bank has been the first one to fire a warning shot over the UK vote to leave the EU, but others are certainly already preparing too, says Dr. Dennis Novy, associate professor in the department of Economics at the University of Warwick argues. ''It is now clear that Britain will have an EU referendum. Businesses do not like uncertainty. Not surprisingly, many - like Deutsche Bank - are reviewing whether they should stay in Britain or move resources towards continental Europe. The key question is: What would an 'independent' Britain look like? We don't know. It would certainly be a much weaker player on the global stage,'' he explains.

    This article was published by Investment Europe online on June 16, 2015
    Link to article here

    Related publications
    Should we stay or should we go? The economic consequence of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses Series, March 2015

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 16/06/2015      [Back to the Top]

    Charleston Gazette (West Virginia)

    Should I stay or should I go? Britain's EU question

    The democratic nature of this debate is a helpful reminder as to why history matters. If Britain does withdraw from the European Union, the cost for families and the national economy will be immense. As reported in the Guardian, The Centre for Economic Performance at the London School of Economics predicts the price of withdrawal from the EU to be between 2 and 9.5 percent of GDP. This is a figure equivalent to between $56 billion and $280 billion of British GDP in 2014. Fittingly then, historical discussion has not been relegated to somnolent conference talks. Rather, it has taken place in venues of public debate like the periodical History Today, the Guardian, the Times Higher Education Supplement, the Huffington Post UK, and broadcasters like the BBC, which anyone with an Internet connection can contribute to and access.

    This article was published by The Charleston Gazette (West Virginia) on June 14, 2015
    [No link available]

    Related publications
    'Should we stay or should we go? The economics consequences of leaving the EU', Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses Series Details
    See also #ElectionEconomics video. Should we stay or should we go? If we stay there may be trouble, but if we leave the economic trouble will be double. That is the main finding from 'Britain and Europe' by Thomas Sampson, part of the CEP #ElectionEconomics series

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Globalisation Programme webpage

    News Posted: 14/06/2015      [Back to the Top]

    Radio Sputnik (Russia)

    News

    Dennis Novy did an interview with Radio Sputnik, a Russian radio station. The topic was Greece and the Eurozone crisis.

    The interview was broadcast by Radio Sputnik (Russia) on June 12, 2015
    Link to interview here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 12/06/2015      [Back to the Top]

    Bloomberg

    The Pulse

    Dr Keyu Jin was interviewed about China's industrial output gains.

    The interview was published online by Bloomberg's The Pulse on June 11, 2015
    [No link available.]

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage
    Macro Programme webpage

    News Posted: 11/06/2015      [Back to the Top]

    The Korea Times

    China's jobless growth miracle

    Article by Keyu Jin
    Chinese Prime Minister Li Keqiang recently cited job creation as vital to his country's ''ultimate goal of stability in growth''. His observation could not be more accurate. In fact, one of the most baffling features of China's economic rise is that, even amid double-digit GDP growth, employment grew at a measly 1.8 percent average annual rate from 1978 to 2004. Households, it seems, have largely missed out on the benefits of economic development in China.

    This article was published by The Korea Times on June 4, 2015
    Link to article here

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage
    Macro Programme webpage



    News Posted: 04/06/2015      [Back to the Top]

    South China Morning Post

    China must set free its smaller businesses to create jobs

    Article by Keyu Jin
    Keyu Jin calls for greater credit access and lower entry barriers for China's private-sector firms to flourish and create employment.

    This article was published by the South China Morning Post on June 3, 2015
    Link to article here

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage
    Macro Programme webpage



    News Posted: 03/06/2015      [Back to the Top]

    Epoch Times

    Too Many or Too Few Workers? Another Look at the Chinese Employment Market

    However, Keyu Jin of the London School of Economics now says the Chinese economy is not creating enough jobs.

    This article was published by The Epoch Times on June 3, 2015
    Link to article here

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage
    Macro Programme webpage



    News Posted: 03/06/2015      [Back to the Top]

    BBC Radio Coventry and Warwickshire

    Phil Upton's 'Drive' Show

    Dennis Novy (CEP) interviewed on the comment by Lord Bamford, Chairman of JCB, that leaving the EU would not necessarily be a big problem for British business.

    This interview was broadcast by BBC Radio Coventry & Warwickshire on May 18, 2015
    Link to broadcast here

    Related news story
    BBC News
    JCB boss says UK should not fear EU exit

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 18/05/2015      [Back to the Top]

    The Guardian

    Brexit - what would happen if Britain left the EU?

    Growth, trade, immigration, jobs, diplomacy: what would the impact be if a 2017 referendum pushed UK towards the exit? ...Another analysis by economists at the Centre for Economic Performance (CEP), part of the London School of Economics, calculated the UK could suffer income falls of between 6.3 percent to 9.5 percent of GDP, similar to the loss resulting from the global financial crisis of 2008-09. That is under the researchers' pessimistic scenario, in which the UK is not able to negotiate favourable trade terms. Under an optimistic scenario, in which the UK continues to have a free trade agreement (FTA) with the EU, losses would be 2.2 percent of GDP.

    This article was published by The Guardian on May 14, 2015
    Link to article here

    Related publications
    'Should We Stay or Should We Go? The economic consequences of leaving the EU', Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses No.22, March 2015 Details
    #ElectionEconomics video, 'Britain and Europe'. Interview with Thomas Sampson posted on CEP's 'Economic Performance' YouTube channel.
    View Video

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Globalisation Programme webpage

    News Posted: 14/05/2015      [Back to the Top]

    Policy Network

    The price of failure on TTIP may be high

    Article by Dennis Novy
    TTIP could be the most ambitious free trade agreement in history. It has the potential to benefit millions of consumers and might be the last opportunity for individual European countries to set high-standard global trade rules fit for the 21st century . If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history. This is partly because of its sheer scale - the EU and the United States represent about 45 per cent of global output. It is also partly because of the attempt to tackle non-tariff barriers and regulation. In the past, trade agreements were mainly about cutting tariffs, and that was relatively easy.

    This article was published online by Policy Network on April 23, 2015
    Link to article here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage



    News Posted: 23/04/2015      [Back to the Top]

    The Observer

    What would happen if Britain left the EU?

    One of the main arguments employed by those in favour of remaining in the EU is simply how difficult it would prove to leave. We are deeply integrated with our European allies - economically, militarily and culturally. It's likely that Brexit (and what an ugly neologism it is) would lead to plummeting stock markets and an economic recession, with losses to GDP calculated by the Centre for Economic Performance at up to 9.5% - worse than the 2008 financial crisis.

    This article was published in The Observer on April 19, 2015
    Link to article here

    Related publications
    Should we stay or should we go? The economics consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses Series

    Related CEP videos/podcasts
    Should we stay or should we go? If we stay there may be trouble, but if we leave the economic trouble will be double. That is the main finding from 'Britain and Europe' by Thomas Sampson
    View video here

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Globalisation Programme webpage



    News Posted: 19/04/2015      [Back to the Top]

    The Independent

    David Blanchflower: There is no doubt that leaving the European Union would hurt Britain

    A recent study from the Centre for Economic Performance has measured the impact on the UK economy of leaving the EU, which as the second chart shows is still the UK’s biggest trading partner.

    The study concludes that reduced integration with EU countries is likely to cost the UK economy far more than is gained from lower contributions to the EU budget. Hence 'staying in the EU may cause political trouble for the major parties; but if the UK leaves the EU, the economic trouble will be double'.

    This article appeared in The Independent on 19th April 2015. Link to article

    Related links
    CEP Election Analysis #22 - Should we stay or should we go..?
    Watch video with author Thomas Sampson
    Thomas Sampson's webpage

    See also:
    CEP's Election 2015 Coverage



    News Posted: 19/04/2015      [Back to the Top]

    Reuters

    COLUMN-Markets sleepwalk as British election looms: James Saft

    Lower trade with the EU would knock British economic output down by between 1.1 and 3.1 percentage points, according to a study by the London School of Economics. Foreign investment would surely drop and new roadblocks to skilled immigration might appear.

    This article was published by Reuters on March 31, 2015
    Link to article here

    Also in:
    London South East
    Link to article here
    CNBC
    Link to article here
    1 April 2015
    International New York Times
    British stay calm despite uncertainty
    No link available
    Malay Mail online
    Link to article here

    Related publications
    Should we stay or should we go? The economic consequences of leaving the EU, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, CEP 2015 Election Analyses Series, March 2015
    Britain and Europe, Thomas Sampson, Economic Performance channel, #ElectionEconomics YouTube video, March 2015

    Related links
    Swati Dhingra webpage
    Gianmarco Ottaviano webpage
    Thomas Sampson webpage
    Globalisation Programme webpage

    News Posted: 31/03/2015      [Back to the Top]

    LSE European Politics and Policy (EUROPP) blog

    Governments need a more convincing narrative if they want to sway the public debate on TTIP

    Article by Dennis Novy
    If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history. Dennis Novy writes that while the potential benefits from liberalised transatlantic trade are large, getting there will be an arduous process, with significant difficulties still to be overcome.

    This article was published by LSE'S EUROPP blog on February 28, 2015
    Link to article here

    Related publications
    TTIP: if free trade coming to the North Atlantic?, Dennis Novy. Article in CentrePiece, Volume 19, Issue 3, Winter 2014/15

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage

    News Posted: 28/02/2015      [Back to the Top]

    Sky News

    News

    Dr Dennis Novy talking about Europe's economy if Syriza win the Greek election.

    The interview was broadcast by Sky News on January 28, 2015
    Link to broadcast here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 28/01/2015      [Back to the Top]

    Policy Review

    TTIP - Is free trade coming to the North Atlantic?

    If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history, writes Dennis Novy - and it has the potential to benefit millions of consumers. This is partly because of its sheer scale - the European Union and the United States represent about 45 percent of global output. It is also partly because of the attempt to tackle non-tariff barriers and regulation.

    This article was published online by the Policy Review on January 23, 2015
    Link to article here

    Related publications
    TTIP: if free trade coming to the North Atlantic?, Dennis Novy. Article in CentrePiece Volume 19, Issue 3, Winter 2014/15

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage


    News Posted: 23/01/2015      [Back to the Top]

    Aftenposten (Norway)

    Gir leger bonus for å stille riktig diagnose

    Give doctors bonuses for asking the right diagnosis
    Professor of Social Policy at the London School of Economics, Martin Knapp, says such incentive schemes tend to have an effect. He thinks this controversial measure will cause some more attention will be given to dementia-diagnosis for the next six months, and he considers the risk of a possible incorrect overdiagnosing to be small.

    This article was published by Aftenposten (Norway) on November 20, 2014
    Link to article here

    Related links
    Martin Knapp webpage
    Wellbeing Programme webpage

    News Posted: 20/11/2014      [Back to the Top]

    Development Impact (World Bank)

    Checking survey quality with Benford's law

    Postscript - if you would like to try Benford's Law on a dataset you have, John Morrow has a web-based application that you can find here.

    This article was published by Development Impact (World Bank) on November 7, 2014
    Link to article here

    Related Links
    John Morrow webpage
    Globalisation Programme webpage

    News Posted: 07/11/2014      [Back to the Top]

    La Nacion

    Estalló el verano económico: moda y tendencias para el académico moderno y actual

    Days ago, the economist Veronica Argentina Rappoport, professor at the London School of Economics, discussed in Twitter with Ivan Werning of MIT, about the reality of ''multidisciplinary'' at conferences. ''In many cases, instead of achieving communication, multidisciplinary conferences exacerbate divisions between disciplines'', Rappoport said.

    This article was published by La Nacion on October 26, 2014
    Link to article here

    Also in
    Yahoo! Mexico
    Yahoo! En Espanol
    Yahoo! Argentina
    Yahoo! Colombia

    Related links
    Veronica Rappoport webpage
    Globalisation Programme webpage

    News Posted: 26/10/2014      [Back to the Top]

    American Politics and Policy blog - LSE

    Fiat Chrysler's story shows that manufacturing can be viable and successful in mature western economies

    Is there a future for industry in Europe and North America? Giorgio Barba Navaretti and Gianmarco Ottaviano use the example of the newly merged transatlantic car-maker Fiat Chrysler to debunk a number of myths about the nature of manufacturing and its viability in the mature economies of the West.

    This article was published by the LSE's American Politics and Policy blog on October 20, 2014
    Link to article here

    Related publications
    Fiat Chrysler and the future of industry, Giorgio Barba Navaretti, Gianmarco I.P. Ottaviano and Maria Teresa Trentinaglia. Article in CentrePiece Volume 19, Issue 2, Autumn 2014

    Related links
    Gianmarco Ottaviano webpage
    Globalisation Programme webpage

    News Posted: 20/10/2014      [Back to the Top]

    The Boston Globe

    The Berlin Wall's great human experiment

    When the Berlin Wall went up in 1961, it created what London School of Economics associate professor Daniel Sturm calls a ''perfect experiment''. While people in West Germany voted in free elections, read independent newspapers, and protested if they felt dissatisfied with their government, their Eastern counterparts lived inside a surveillance state ruled by a zealously doctrinaire communist party. Where ''Ossis'' - an unofficial term for those who lived in East Germany - drove famously shoddy Trabant cars, wore drab clothing, and drank off-brand soda, their ''Wessi'' counterparts enjoyed Pepsi and regularly saw BMWs in the street. The two halves of the country were like a pair of identical twins separated at birth and raised by two very different sets of parents.

    This article was published by The Boston Globe (U.S.A.) on October 12, 2014
    Link to article here

    Related links
    Daniel Sturm webpage
    Globalisation Programme webpage
    Daniel Sturm CEP publications webpage

    News Posted: 12/10/2014      [Back to the Top]

    Clarin

    No va mas...quien ganara el Nobel de Economia?

    Veronica Rappoport of the Centre for Economic Performance comments on her choice to be recipient(s) of this year's Nobel Prize for Economics:
    ''At some point should touch the area of economic growth: Romer, Aghion and perhaps Barro I would love a prize for. Holmstrom and Tirole.''

    This article was published online by Clarin on October 10, 2014
    Link to article here

    Related links
    Veronica Rappoport webpage
    Globalisation Programme webpage

    News Posted: 10/10/2014      [Back to the Top]

    The Conversation

    Attention David Cameron: time to stop the scaremongers from strangling TTIP

    Article by Dennis Novy
    If you have been following the TTIP negotiations in the press over the past year, you might have been under the impression that TTIP is a corporate sell-out and nothing but a threat for the average person in the street. There has been a lot of hype and scaremongering, which has not only taken some issues completely out of context but has often hopelessly exaggerated reality. ... The reality is that UK business is in line to do well out of TTIP.

    This article was published online by The Conversation on October 5, 2014
    Link to article here

    Related links
    Dennis Novy webpage
    Globalisation Programme webpage
    Dennis Novy CEP publications webpage

    News Posted: 05/10/2014      [Back to the Top]

    The McKinsey Quarterly

    Why management matters for productivity

    Article by John Dowdy and John Van Reenen
    While government policy will play a key role, the actions of managers and their organizations will decisively influence the realization of global productivity potential in the years ahead.

    This article was published online by the McKinsey Quarterly on September 30, 2014
    Link to article here

    Related publications
    'Management Practices Across Firms and Countries', Nicholas Bloom, Christos Genakos, Raffaella Sadun and John Van Reenen, Centre for Economic Performance Discussion Paper No.1109, December 2011
    Management Practice and Productivity: Why they Matter, Nicholas Bloom, Stephen Dorgan, John Dowdy, Christos Genakos, Raffaella Sadun and John Van Reenen, July 2007

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures research webpage

    News Posted: 30/09/2014      [Back to the Top]

    The McKinsey Quarterly

    Why management matters for productivity

    Article by John Dowdy and John Van Reenen
    While government policy will play a key role, the actions of managers and their organizations will decisively influence the realization of global productivity potential in the years ahead.

    This article was published online by the McKinsey Quarterly on September 30, 2014
    Link to article here

    Related publications
    'Management Practices Across Firms and Countries', Nicholas Bloom, Christos Genakos, Raffaella Sadun and John Van Reenen, Centre for Economic Performance Discussion Paper No.1109, December 2011
    Management Practice and Productivity: Why they Matter, Nicholas Bloom, Stephen Dorgan, John Dowdy, Christos Genakos, Raffaella Sadun and John Van Reenen, July 2007

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures research webpage

    News Posted: 30/09/2014      [Back to the Top]

    The McKinsey Quarterly

    Why management matters for productivity

    Article by John Dowdy and John Van Reenen
    While government policy will play a key role, the actions of managers and their organizations will decisively influence the realization of global productivity potential in the years ahead.

    This article was published online by the McKinsey Quarterly on September 30, 2014
    Link to article here

    Related publications
    'Management Practices Across Firms and Countries', Nicholas Bloom, Christos Genakos, Raffaella Sadun and John Van Reenen, Centre for Economic Performance Discussion Paper No.1109, December 2011
    Management Practice and Productivity: Why they Matter, Nicholas Bloom, Stephen Dorgan, John Dowdy, Christos Genakos, Raffaella Sadun and John Van Reenen, July 2007

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures research webpage

    News Posted: 30/09/2014      [Back to the Top]

    The McKinsey Quarterly

    Why management matters for productivity

    Article by John Dowdy and John Van Reenen
    While government policy will play a key role, the actions of managers and their organizations will decisively influence the realization of global productivity potential in the years ahead.

    This article was published online by the McKinsey Quarterly on September 30, 2014
    Link to article here

    Related publications
    'Management Practices Across Firms and Countries', Nicholas Bloom, Christos Genakos, Raffaella Sadun and John Van Reenen, Centre for Economic Performance Discussion Paper No.1109, December 2011
    Management Practice and Productivity: Why they Matter, Nicholas Bloom, Stephen Dorgan, John Dowdy, Christos Genakos, Raffaella Sadun and John Van Reenen, July 2007

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures research webpage

    News Posted: 30/09/2014      [Back to the Top]

    Financial Times

    Pay pressure

    Prof John van Reenen, director of the Centre for Economic Performance at the London School of Economics, notes that average workers have been hit hardest. “Over time non-manual jobs have found their tasks taken over by computers and robots. Think of bank clerks and ATM machines,” he says. In Japan, it is the young who have been hurt worst as the traditional salaried jobs in big companies dwindled.

    This article appeared in the Financial Times on 19 September 2014 link to article

    Related Publications In brief - New technology: who wins, who loses? John Van Reenen, Nicholas Bloom, Luis Garicano, Raffaella Sadun, May 2014, Paper No' CEPCP418, CentrePiece 19 (1) Spring2014 pages: 6-7
    The Distinct Effects of Information Technology and Communication Technology on Firm Organisation Nicholas Bloom, Luis Garicano, Raffaella Sadun and John Van Reenen, CEP Discussion Paper No. 927, May 2009, Revised June 2013

    Related Links
    John Van Reenen webpage
    Productivity and Innovation webpage

    News Posted: 19/09/2014      [Back to the Top]

    Coventry Evening Telegraph

    To Do List

    PAUL DOLAN, a Professor of Behavioural Science at the London School of Economics, takes a cool, scientific look at how we can organise our lives to put more joy into them in Happiness By Design (Allen Lane, priced £20/ebook £8.03). Happiness, he says Dolan, lies in finding the right mix of pleasure and purpose - the feeling that what we're doing is worthwhile. For him, becoming happier is more to do with making small adjustments to what we do, rather than big changes - chatting to a stranger to liven up a boring queue, setting up out-of-office emails that make us laugh, minimising distractions - can mean more happiness.

    This article appeared in the Coventry Evening Telegraph on August 30, 2014 (no link available)

    Related Links
    Paul Dolan webpage
    Wellbeing webpage


    News Posted: 30/08/2014      [Back to the Top]

    Huffington Post Deutschland

    Warum ein EU-Austritt der Briten Irrsinn wäre

    Eine Analyse des Centre for Economic Performance (CEP) an der London School of Economics kommt zu dem Ergebnis: Die Isolation von Europa konnte GroBbritannien harter treffen als die Finanzkrise 2007.
    An analysis of the Centre for Economic Performance (CEP) at the London School of Economics concludes: Isolation from Europe could hit Britain harder than the financial crisis of 2007.

    This article was published in The Huffington Post Deutschland on August 19, 2014
    Link to article here

    Related publications
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Technical Paper, May 2014
    Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Paper No.16, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 19/08/2014      [Back to the Top]

    LSE News online

    Internet speed closely linked to property values

    Londoners show a greater willingness than the rest of the country to pay for broadband, reflecting very high usage in the capital city for both work and personal reasons. ''Speed matters,'' says Gabriel Ahlfeldt, Associate Professor of Urban Economics and Land Development at the London School of Economics and Political Science. ''The European Commission has set a target by 2020 that every European citizen will need access to at least 30 megabits per second and at least 50 per cent of households should subscribe to internet connections above 100 megabits per second.''

    This press release was posted online on July 31, 2014
    Link to press release here

    Related publications
    'Speed 2.0. Evaluating Access to Universal Digital Highways', Gabriel M. Ahfeldt, Pantelis Koutroumpis and Tommaso Valletti, SERC Discussion Paper no.161, July 2014

    Related links
    Gabriel Ahlfeldt webpage
    SERC website


    News Posted: 31/07/2014      [Back to the Top]

    Yahoo! Argentina

    Plan Terapia para Todos: la salud mental de los economistas y las series policiales de Film and Arts

    ''En los paises ricos, las enfermedades mentales son el 38 percent de todas las enfermedades; y el porcentaje trepa a 50 percent en la poblacion trabajadora'', dice Richard Layard, economista de la London School of Economics, que promueve en Inglaterra algo asi como un plan de Terapia para Todos. Layard cuenta, en un libro escrito junto al psicologo David Clark, que los costos de un programa a gran escala de terapias cognitivo-conductuales cortas - 16 sesiones - ''basadas en evidencia con resultados reales'' son mucho menores a los costos que implican las dolencias emocionales en terminos de dias no trabajados, desmotivacion, etcetera.

    This article was published online by Yahoo! Argentina on July 25, 2014
    Link to article here

    See also
    Yahoo! En Espanol
    Yahoo! Colombia
    La Nacion
    Yahoo! Mexico

    Related Publications
    Thrive: the Power of Evidence Based Psychological Therapies, Richard Layard and David M Clark, Penguin, July 2014
    Details

    Related Links
    Richard Layard webpage
    David Clark webpage
    Wellbeing Programme webpage

    News Posted: 25/07/2014      [Back to the Top]

    ENP Newswire

    Jens Weidmann: Speech at the German-British Chamber of Industry and Commerce Annual Dinner 2014

    Speech by Dr Jens Weidmann, President of the Deutsche Bundesbank, to the German-British Chamber of Commerce Annual Dinner 2014, London, 23 July 2014.

    2. The benefits of European integration
    And it seems that Britain, too, has gained. Half of its trade is with the European Union, and studies suggest that EU membership has boosted Britain's trade in goods with other EU countries by more than 50 percent. The Center for Economic Performance at the London School of Economics has found that the immediate benefits of increased trade amount to 1 1/4 percent to 3 percent of GDP. And if the longer-term effects of strengthened competition and increased productivity are taken into account as well, EU membership is estimated to have provided a boost of up to 10.5 percent of GDP.

    This article was published online by ENP Newswire on July 24, 2014
    Link to article here

    Related publications
    'The Costs and Benefits of Leaving the EU', Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Technical Paper, May 2014
    Download here
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Paper No.16, May 2014
    Download here

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 24/07/2014      [Back to the Top]

    Centre for Economic Performance Press Release

    The 2014 EIB Prize for Excellence in Economic and Social Research awarded to the economists Nicholas Bloom and John Van Reenen

    The EIB Institute announces that this year's 'Outstanding Contribution Award' - with a prize of EUR 40,000 - will go jointly to Professors Nicholas Bloom (Department of Economics, Stanford University) and John Van Reenen (Centre for Economic Performance and Department of Economics, London School of Economics and Political Science) in acknowledgement of the academic excellence, work published and impact on public policy of their research on this year's prize topic ''Innovation, Market Structure and Competitiveness''.

    The press notice was released by the Centre for Economic Performance on July 22, 2014
    Link to the press release here

    Related links
    Nicholas Bloom webpage
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures Research webpage

    News Posted: 22/07/2014      [Back to the Top]

    Centre for Economic Performance Press Release

    The 2014 EIB Prize for Excellence in Economic and Social Research awarded to the economists Nicholas Bloom and John Van Reenen

    The EIB Institute announces that this year's 'Outstanding Contribution Award' - with a prize of EUR 40,000 - will go jointly to Professors Nicholas Bloom (Department of Economics, Stanford University) and John Van Reenen (Centre for Economic Performance and Department of Economics, London School of Economics and Political Science) in acknowledgement of the academic excellence, work published and impact on public policy of their research on this year's prize topic ''Innovation, Market Structure and Competitiveness''.

    The press notice was released by the Centre for Economic Performance on July 22, 2014
    Link to the press release here

    Related links
    Nicholas Bloom webpage
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    Management Practices and Organisational Structures Research webpage

    News Posted: 22/07/2014      [Back to the Top]

    The Economist

    Bridges to somewhere

    An assumption underpinning China's investment policy is that connecting the hinterland to transport should support its development. But the construction of an early phase of China's national trunk highway system - 35,000km of highways, built from 1992 to 2007 at a cost of $120 billion - suggests that is not always the case. In a new article, Benjamin Faber of the University of California, Berkeley, finds that GDP growth was reduced by about 18 percent over time in smaller counties that were connected to the highway system relative to ones that were not. Industrial output shrank when goods streamed in from more advanced areas, displacing local products. In other words, better infrastructure sometimes saps, rather than invigorates, poorer regions.

    This article was published by The Economist - Free Exchange on July 19, 2014
    Link to article here

    Related publications
    'Trade Integration, Market Size and Industrialization: Evidence from China's National Trunk Highway System', Benjamin Faber, Centre for Economic Performance Discussion Paper No.1244, October 2013

    Related links
    Benjamin Faber webpage
    Globalisation Programme webpage

    News Posted: 19/07/2014      [Back to the Top]

    Huffington Post

    Why Do Fewer Than One in Three People With Mental Illness Receive Treatment? By David Clark and Richard Layard

    It is not surprising that most mental illness goes untreated. While most people with physical illness are in treatment, this is true for fewer than one in three people with mental illness. This figure applies throughout the advanced world, and even for major depressions the figure is under a half in Britain, the USA, and continental Europe. If your pancreas is not working you automatically get treatment, but if your mind has been disordered for decades you do not.

    This article appeared in the Huffington Post on 4 July 2014 link to article

    Related Publications
    Thrive: the Power of Evidence Based Psychological Therapies Richard Layard, David M Clark, Penguin, July 2014

    Related Links
    Richard Layard webpage
    David Clark webpage
    Wellbeing Programme webpage

    News Posted: 04/07/2014      [Back to the Top]

    Huffington Post

    Why Do Fewer Than One in Three People With Mental Illness Receive Treatment? By David Clark and Richard Layard

    It is not surprising that most mental illness goes untreated. While most people with physical illness are in treatment, this is true for fewer than one in three people with mental illness. This figure applies throughout the advanced world, and even for major depressions the figure is under a half in Britain, the USA, and continental Europe. If your pancreas is not working you automatically get treatment, but if your mind has been disordered for decades you do not.

    This article appeared in the Huffington Post on 4 July 2014 link to article

    Related Publications
    Thrive: the Power of Evidence Based Psychological Therapies Richard Layard, David M Clark, Penguin, July 2014

    Related Links
    Richard Layard webpage
    David Clark webpage
    Wellbeing Programme webpage

    News Posted: 04/07/2014      [Back to the Top]

    Hispanic Business.com

    United Kingdom: Deputy Prime Minister announces Northern Futures project

    The Northern Futures project is a new approach to policymaking which means that rather than decisions being made by politicians and civil servants in Whitehall, the power is given to the people who live and work there. ... The call for ideas is open to people from all walks of life - businesses, civic leaders, experts in housing, transport and science, academics, students. The following people are already on board: Tom Riordan, Leeds City Council, John Mothersole, Sheffield City Council, Sir Richard Lease and Sir Howard Bernstein, Manchester City Council, Alexandra Jones, Centre for Cities, Hakim Yadi, Northern Health Sciences Alliance, Tom Bloxham MBE, Urban Splash, Henry Overman, London School of Economics, Jim O'Neill, RSA City Growth Commission, Julia Unwin, Joseph Rowntree Foundation.

    This article was published by Hispanicbusiness.com on July 4, 2014
    Link to article here

    Related links
    Henry Overman webpage
    SERC website
    Globalisation Programme webpage
    Henry Overman CEP publications webpage

    News Posted: 04/07/2014      [Back to the Top]

    Wirtschaftswoche

    Der britische Alptraum

    Fur die britische Wirtschaft ware das ein Alptraum. In der aktuellen Studie ''Brexit or Fixit?'' uber die wirtschaftlichen Auswirkungen eines britischen EU-Austritts warnen hochrangige Okonomen vom Center for Economic Performance (CEP) der London School of Economics vor den enormen Kosten einer solchen Entscheidung.

    This article was published in Wirtschaftswoche on June 12, 2014
    Link to article webpage

    Also in:
    Handelsblatt
    EU-Austritt?: Der britische Alptraum

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', Gianmarco I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP Policy Analysis No. 16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 12/06/2014      [Back to the Top]

    The Guardian

    Talking therapies are better than pills, but you have to find the right one

    When the Depression Report was published by the Centre for Economic Performance's mental health policy group in 2006, it quantified the effects of that over-medicalisation for the first time. Talking therapies, particularly CBT, could be shown to be more effective than medication in cases of mild to moderate depression, both in getting people back to work and preventing recurrence. National Institute for Health and Care Excellence (Nice) guidelines already stated that talking therapies should be offered before drugs; the problem was that there weren't enough qualified therapists. The Depression Report showed clearly that investment in making CBT and similar therapies more widely available would be better for the economy in the long run than handing out pills.

    This article appeared in the Guardian on 28 May 2014 link to article

    Related Publications
    The Depression Report: A New Deal for Depression and Anxiety Disorders The Centre for Economic Performance's Mental Health Policy group, June 2006
    Mental Illness and Unhappiness Dan Chisholm, Richard Layard, Vikram Patel, Shekhar Saxena, September 2013 Paper No' CEPDP1239

    Related Links
    Richard Layard webpage
    Wellbeing webpage

    News Posted: 28/05/2014      [Back to the Top]

    The Guardian

    Talking therapies are better than pills, but you have to find the right one

    When the Depression Report was published by the Centre for Economic Performance's mental health policy group in 2006, it quantified the effects of that over-medicalisation for the first time. Talking therapies, particularly CBT, could be shown to be more effective than medication in cases of mild to moderate depression, both in getting people back to work and preventing recurrence. National Institute for Health and Care Excellence (Nice) guidelines already stated that talking therapies should be offered before drugs; the problem was that there weren't enough qualified therapists. The Depression Report showed clearly that investment in making CBT and similar therapies more widely available would be better for the economy in the long run than handing out pills.

    This article appeared in the Guardian on 28 May 2014 link to article

    Related Publications
    The Depression Report: A New Deal for Depression and Anxiety Disorders The Centre for Economic Performance's Mental Health Policy group, June 2006
    Mental Illness and Unhappiness Dan Chisholm, Richard Layard, Vikram Patel, Shekhar Saxena, September 2013 Paper No' CEPDP1239

    Related Links
    Richard Layard webpage
    Wellbeing webpage

    News Posted: 28/05/2014      [Back to the Top]

    The Guardian

    Talking therapies are better than pills, but you have to find the right one

    When the Depression Report was published by the Centre for Economic Performance's mental health policy group in 2006, it quantified the effects of that over-medicalisation for the first time. Talking therapies, particularly CBT, could be shown to be more effective than medication in cases of mild to moderate depression, both in getting people back to work and preventing recurrence. National Institute for Health and Care Excellence (Nice) guidelines already stated that talking therapies should be offered before drugs; the problem was that there weren't enough qualified therapists. The Depression Report showed clearly that investment in making CBT and similar therapies more widely available would be better for the economy in the long run than handing out pills.

    This article appeared in the Guardian on 28 May 2014 link to article

    Related Publications
    The Depression Report: A New Deal for Depression and Anxiety Disorders The Centre for Economic Performance's Mental Health Policy group, June 2006
    Mental Illness and Unhappiness Dan Chisholm, Richard Layard, Vikram Patel, Shekhar Saxena, September 2013 Paper No' CEPDP1239

    Related Links
    Richard Layard webpage
    Wellbeing webpage

    News Posted: 28/05/2014      [Back to the Top]

    Die Welt

    EU-Austritt würde Briten extrem hart treffen

    ''Der Ausstieg wurde der britischen Wirtschaft betrachtliche Kosten aufburden'', sagt Joao Paulo Pessoa vom Centre for Economic Performance an der London School of Economics, einer der Verfasser der Studie ''Brexit or Fixit?'', die kurzlich in London vorgestellt wurde. ''Es ware ein sehr riskantes Spiel. Der Traum von der 'splendid isolation' konnte sich als ein sehr teurer Traum herausstellen'', sagt Pessoa.
    Withdrawal from the EU would hit British extremely hard
    ''The withdrawal of the British economy would impose considerable costs,'' said Joao Paulo Pessoa from the Centre for Economic Performance at the London School of Economics, one of the authors of the study ''Brexit or Fixit?'', which was recently presented in London. ''It would be a very risky game. Dreaming of the 'splendid isolation' could turn out to be a very expensive dream,'' said Pessoa.

    This article was published in Die Welt (Germany) on May 27, 2014
    Link to article here

    Also in
    hamburger Abendblatt (Germany)
    EU-Austritt würde Briten extrem hart treffen

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    João Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 27/05/2014      [Back to the Top]

    Huffington Post

    Weekend Roundup: The World Pivots to Asia

    Keyu Jin of the London School of Economics examines the Chinese economic model and argues that more income must be shifted to the household if China's growth is going to be fairly shared.

    This article appeared in the Huffington Post on 23 May 2014 link to article

    Related Links
    Keyu Jin webpage
    Macro Programme webpage

    News Posted: 23/05/2014      [Back to the Top]

    LSE British Politics and Policy blog

    Leaving the European Union is likely to have a significant negative economic impact

    In a new report on the economic consequences of a 'Brexit', Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen find that if the UK left the European Union there would be a significant negative impact. The most important cost would be as a result of lower trade with the EU as a result of higher barriers.

    This article was posted on the LSE British Politics and Policy blog on May 21, 2014
    Link to article here

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    João Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 21/05/2014      [Back to the Top]

    Policy Review

    Leaving the EU could cost UK more than 2008 financial crisis

    The Conservative party is committed to holding a referendum on the UK's membership of the European Union (EU) in 2017 - and many voters seem keen on having the opportunity to express their opinion. So what would be the consequences of a majority vote in favour of leaving? 'Brexit' is likely to have a significant negative impact on the UK economy, writes Joao Paulo Pessoa.

    This article was published online by the Policy Review on May 21, 2014
    Link to article here

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 21/05/2014      [Back to the Top]

    The Daily Telegraph

    UK could be plunged into another crisis if it left EU

    Economists at the Centre for Economic Performance (CEP), which is part of the London School of Economics, described a British exit as a ''very risky gamble''. It said the move would cost jobs, reduce investment and push up the price of goods, even if the Government managed to a strike Swiss-style agreement to keep trade channels open.

    This article was published in The Daily Telegraph on May 17, 2014
    Link to article here

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 17/05/2014      [Back to the Top]

    The Times

    Exit from EU 'could hit UK harder than financial crisis'

    In a fresh analysis of the effects of a so-called Brexit, the Centre for Economic Performance (CEP) said that in the worst-case scenario Britain could suffer a fall of between 6.3 per cent and 9.5 per cent of GDP because of increased trade and regulatory costs. This compares with a 7 per cent drop in output after the global financial crisis struck.

    This article was published in The Times on May 17, 2014
    Link to article here.
    Complete pdf of the article can be downloaded from here.

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 17/05/2014      [Back to the Top]

    EU Observer.com

    Brexit would be 'very costly gamble'

    Increased trade and regulatory costs would cost the UK economy up to 9.5 percent of its output if the UK left the European Union, according to new research by the London School of Economics. The findings are contained in the 'Brexit or Fixit?' report by researchers at the Centre for Economic Performance, which forms part of the university. ''Our current assessment is that leaving the EU would be likely to impose substantial costs on the UK economy and would be a very risky gamble,'' the paper states.

    This article was published online by EU Observer.com on May 16, 2014
    Link to article here

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 16/05/2014      [Back to the Top]

    Centre for Economic Performance Press Release

    Brexit or fixit? The trade and welfare effects of leaving the European Union

    The Centre for Economic Performance (CEP) today launches a new report in its series of CEP Policy Analyses: 'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union' by Professor Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen. With the promise of a 2017 referendum on the UK's membership of the European Union (EU), the authors consider what would be the likely economic effects on the UK from such a move (commonly called 'Brexit'). Their analysis focuses on the more mundane (but quantifiable) economic issues, especially trade.

    The CEP press release was published online on May 16, 2014
    Link to the release here.

    Related publications
    'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G. I. P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
    Available to download

    Related links
    Gianmarco Ottaviano webpage
    Joao Paulo Pessoa webpage
    Thomas Sampson webpage
    John Van Reenen webpage
    Globalisation Programme webpage
    Productivity and Innovation Programme webpage


    News Posted: 16/05/2014      [Back to the Top]

    WA Today

    Australia the most expensive country in the G20

    The director of the centre for economic performance at the London School of Economics, John Van Reenen, said high prices partly reflected that people want to live in economically successful Australia. “However, as the commodity boom and China’s growth slows, Australia will face a more challenging time ahead,” Professor Van Reenen said.

    This article appeared in WA Today on 12 May 2014 link to article

    Also in:
    Sydney Morning Herald
    Australian Financial Review

    Related Links
    John Van Reenen webpage
    Productivity and Innovation webpage

    News Posted: 12/05/2014      [Back to the Top]

    Science Magazine

    Problematic permitting

    An article discussing research from the Centre for Economic Performance by Ralf Martin, Mirabelle Muuls, Laure B. de Preux and Ulrich J. Wagner was featured in the ''Editor's'' choice section in the latest edition of the Science Magazine.

    When faced with environmental regulations and the costs they impose, companies may relocate to a less-regulated jurisdiction, taking with them jobs and contributing to ''leakage'' in which targets of regulation, such as carbon emissions, are not reduced, just redistributed. To retain companies, jurisdictions often include exemptions and other incentives in their regulations. Yet these incentives may be seen as taxpayer-funded ''handouts'' to industry, threatening political support. Thus, the balance is critical. Martin et al. studied the European Union (EU) Emissions Trading Scheme (ETS), which offered emissions permits for free, rather than auctioning them, to many companies deemed at risk of relocating. They interviewed managers of 761 manufacturing firms across six EU countries, and combined this with economic performance data and official ETS carbon emissions data. They found that reductions in the risk of relocation under the ETS permit allocation rules could have been achieved with far fewer free permits. The mismatch was especially problematic in terms of reducing the risk of job loss. Although their initial analyses drew on information gleaned from interviews with companies, the authors developed permit allocation schemes that drew on more easily accessible information, such as firm-level employment and carbon emissions, that were still more effective in terms of minimizing leakage and job loss. Such optimization is critical as ETS considers revising its permitting process, and more emissions trading markets worldwide adopt similar exemption rules.

    This article was featured in Science Magazine, Volume 344, Number 6180, Issue of 11 April 2014
    Link to article here

    Related publications
    'Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme', Ralf Martin, Mirabelle Muuls, Laure B. de Preux and Ulrich J. Wagner, Centre for Economic Performance Discussion Paper No.1150, June 2012

    Related links
    Ralf Martin webpage
    Mirabelle Muuls webpage
    Laure B. de Preux webpage
    Ulrich J. Wagner webpage
    Productivity and Innovation Programme webpage
    Globalisation Programme webpage

    News Posted: 11/04/2014      [Back to the Top]

    Reuters

    Bank of England's Carney faces grilling over foreign exchange scandal

    John van Reenen, director of the Centre for Economic Performance at the London School of Economics, said a natural extension of Carney's push to improve transparency at the Bank would be to bring more clarity to its internal supervision.

    This article appeared on Reuters on 9 March 2014 link to article

    Related Links
    John Van Reenen webpage
    Productivity and Innovation webpage

    Also in:
    MSN Money link
    Business RSS News link

    News Posted: 09/03/2014      [Back to the Top]

    BBC Radio 4

    Today programme

    8:35am Henry Overman, professor of economic geography at the London School of Economics, and Ed Cox, director of the Institute for Public Policy Research North, debate why London is such a powerful force in the UK.

    The debate was aired on BBC Radio 4's Today Programme on March 3, 2014
    Link to programme here

    Related links
    Henry Overman webpage
    Spatial Economics Research Centre website
    Globalisation Programme webpage

    News Posted: 03/03/2014      [Back to the Top]

    guardian.co.uk

    Should the government hold auctions for UK

    David Metcalf head to head with Julian Norman, agree that the investor route to UK migration needs reform, but not on the idea of auctioning
    David Metcalf: it's one part of a wider reform to benefit UK residents
    ... we believe that there are some straightforward reforms which would make it much more likely that UK residents gain. These include: raising the investment threshold, encouraging alternative investments, auctioning some slots, and altering the residency requirements.

    This article was published by guardian.co.uk on February 26, 2014
    Link to article here

    See also
    February 25, 2014
    Sydney Morning Herald
    UK should auction off visas - with a reserve of $4.6m, says advisory panel
    ''We have focused our attention on how UK residents may gain from this migration route; we express some healthy scepticism regarding the value to UK residents of high net-worth individuals coming to the UK'', the panels chairman, David Metcalf, said. ''When people say: 'Isn't it awful to sell visas? it's better than giving them away, which is what we are doing now.''
    RT.com
    'Going once, going twice, sold': UK seeks to auction visas to wealthy bidders
    In a bid to combat this rising trend, the new system is being proposed, and it has its advocates, including the chairman of the Migration Advisory Committee, Sir David Metcalf. He sees little alternative for making investor visas beneficial to the UK than for it to start ''auctioning some of those slots ... There should be a proper discussion about it. Equally it may well be that we should be letting people in if they endow a Cambridge college, a major teaching hospital or the London School of Economics with £10 million,'' he told the House of Commons Home Affairs Select Committee.

    Related Links
    David Metcalf webpage
    Labour Market webpage

    News Posted: 26/02/2014      [Back to the Top]

    Marginal Revolution

    Where are the missing gains from trade?

    There is a new and probably important paper by Marc J. Melitz and Stephen J. Redding on this topic. For this piece I find a segment in the middle to be more illuminating than the abstract:
    Trade has a fractal-like property in this model, in which there are gains from trade at each intermediate stage of production. If one falsely assumes a single stage of production, when production is in fact sequential, these gains from trade at each intermediate stage show up as an endogenous increase in measured domestic productivity. As the number of production stages converges towards infinity, the welfare gains from trade become arbitrarily large. This captures the idea that trade involves myriad changes in the organization of production throughout the economy and the welfare costs from forgoing this pervasive specialization can be large.

    As the domestic trade share for an individual production stage becomes arbitrarily small, the welfare gains from trade also becomes arbitrarily large. This captures the idea that some countries may have strong comparative advantages in some stages of production and the welfare losses from forgoing this specialization can be large.

    I would note this idea holds out the hope of integrating the technology diffusion literature with the more traditional international trade theory approaches.

    This article was published online by Marginal Revolution on January 21, 2014
    Link to article here

    Related Publications
    Missing Gains from Trade? Marc J. Melitz and Stephen J. Redding, Centre for Economic Performance Discussion Paper No.1254, January 2014

    Related Links
    Steve Redding webpage
    Globalisation webpage

    News Posted: 21/01/2014      [Back to the Top]

    Guardian

    Research will create policy that encourages local economic growth

    LSE what works centre and the government will together drive evidence to the heart of policymaking. Article by Henry Overman
    What can policy do to increase local economic growth? This question continues to perplex and challenge policymakers and academics. In a period where government is faced with slow growth and is considering how best to devolve power, the question has assumed increased importance. Careful research and evaluation are crucial to answering it. Understanding and assessing evidence is not always easy for policymakers facing the day-to-day challenge of delivering better economic outcomes for their communities. This is where the recently established what works centre for local economic growth comes in. The centre, a collaboration between the LSE, the Centre for Cities and Arup, will review policy areas such as employment, skills, housing and regeneration and will provide policymakers with the evidence and insights they need to design and deliver services that will drive local economic growth and employment.

    This article was published by the Guardian on November 21, 2013
    Link to article here

    Related links
    Henry Overman webpage
    Globalisation Programme webpage
    SERC website

    News Posted: 21/11/2013      [Back to the Top]

    Yahoo! France Finance

    Pourquoi les Italiens placent leur épargne dans la dette de leur pays

    INTERVIEW Les bons du tresor proposes par l'Etat italien a ses citoyens ont trouve preneurs en moins de 2 jours. Explications de Gianmarco Ottaviano, Professeur d'economie a la London School of Economics. Le Tresor italien n'a eu aucun mal a placer ses BTP (Buoni del Tresoro Poliannali) aupres des epargnants italiens. Comment expliquez-vous ce succes qui fait suite a quatre autres emissions comparables?
    Why the Italians put their savings in their country's debt [Translation]
    INTERVIEW of Treasury bills offered by the Italian State to its citizens have found takers in less than 2 days. Explanations of Gianmarco Ottaviano, Professor of Economics at the London School of Economics. The Italian Treasury had no trouble placing his BTP (Buoni del Tresoro Poliannali) with Italian savers. How do you explain this success which follows four other comparable emissions?

    This article was published online by Yahoo! France Finance on November 6, 2013
    Link to article here

    Related links
    Gianmarco Ottaviano webpage
    Globalisation Programme webpage
    Gianmarco Ottaviano CEP publications webpage

    News Posted: 06/11/2013      [Back to the Top]

    The Sunday Telegraph

    HS2 will clog up the rail system, warns freight expert

    Henry Overman, professor of economic geography at the London School of Economics, described the KPMG report as ''technically wrong'' in parts of analysis and ''possibly out by orders of magnitude'' in its results. ''I can imagine why the Government rushed this report out but it would appear to add very little, if anything, to the debate'', he said.

    The article was published in The Sunday Telegraph on September 15, 2013
    Link to article here

    Related publications
    HS2: assessing the costs and benefits, Henry Overman. Article in CentrePiece Volume 16, Issue 3, Winter 2012

    Related links
    Henry Overman webpage
    Globalisation Programme webpage
    SERC website

    News Posted: 15/09/2013      [Back to the Top]

    Investors Chronicle

    The curse of cheap money

    UK productivity has been stagnant for years; GDP per worker is lower now than it was at the start of 2007. Could it be that the global savings glut of the 00s is partly to blame for this? That is the question posed in a new paper by Luca Fornaro and Gianluca Benigno, two economists at the LSE.

    This article was published in the Investors Chronicle on June 28, 2013
    Link to article here

    Related publications
    'The Financial Resource Curse', Luca Fornaro and Gianluca Benigno, Centre for Economic Performance Discussion Paper No. 1217, May 2013

    Related links
    Gianluca Benigno webpage
    Globalisation Programme webpage

    News Posted: 28/06/2013      [Back to the Top]

    ESRC - press release

    Researchers celebrated for outstanding impact

    The Economic and Social Research Council (ESRC) has rewarded researchers for their outstanding economic and social impact in the first Celebrating Impact Prize. The winners and runners up were announced at the awards ceremony held at Church House in Westminster, London on 14 May by BBC broadcaster and former economics editor, Evan Davis. The applications were judged by a panel of experts from business, academia and the public sector. The shortlisted entrants were invited to attend an interview, with a user of their research, to further demonstrate to the panel their role in achieving outstanding research impact. There were six categories in the prize.... Second place was awarded to:... Mr Richard Murphy, London School of Economics, for Outstanding Early Career Impact.

    The press release was published on the ESRC news website on May 15, 2013
    Link to the release here

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 15/05/2013      [Back to the Top]

    ESRC - press release

    Researchers celebrated for outstanding impact

    The Economic and Social Research Council (ESRC) has rewarded researchers for their outstanding economic and social impact in the first Celebrating Impact Prize. The winners and runners up were announced at the awards ceremony held at Church House in Westminster, London on 14 May by BBC broadcaster and former economics editor, Evan Davis. The applications were judged by a panel of experts from business, academia and the public sector. The shortlisted entrants were invited to attend an interview, with a user of their research, to further demonstrate to the panel their role in achieving outstanding research impact. There were six categories in the prize.... Second place was awarded to:... Mr Richard Murphy, London School of Economics, for Outstanding Early Career Impact.

    The press release was published on the ESRC news website on May 15, 2013
    Link to the release here

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 15/05/2013      [Back to the Top]

    ESRC - press release

    Researchers celebrated for outstanding impact

    The Economic and Social Research Council (ESRC) has rewarded researchers for their outstanding economic and social impact in the first Celebrating Impact Prize. The winners and runners up were announced at the awards ceremony held at Church House in Westminster, London on 14 May by BBC broadcaster and former economics editor, Evan Davis. The applications were judged by a panel of experts from business, academia and the public sector. The shortlisted entrants were invited to attend an interview, with a user of their research, to further demonstrate to the panel their role in achieving outstanding research impact. There were six categories in the prize.... Second place was awarded to:... Mr Richard Murphy, London School of Economics, for Outstanding Early Career Impact.

    The press release was published on the ESRC news website on May 15, 2013
    Link to the release here

    Related links
    Richard Murphy webpage
    Education and Skills Programme webpage
    Richard Murphy CEP publications webpage

    News Posted: 15/05/2013      [Back to the Top]

    eWallstreeter - Outside the Box

    Why China doesn't need the world

    Commentary: Nationalism and self-reliance could shut out trading partners
    Chinese resentment at the destruction of the value of its savings is increasing. In an opinion piece published in June 2012 in The Financial Times, Jin Liqun, chairman of the supervisory board at the China Investment Corporation, the nation's sovereign wealth fund, writing with Keyu Jin, assistant professor at the London School of Economics, answered criticism of China's response to the European debt crisis: "From the outset of the crisis", they wrote, "China has responded positively and firmly to Europe's appeal for support. But it should be received as an important and responsible stakeholder, not as an outside creditor relegated to lower levels of seniority in moments of urgency. It should be treated equally with the European Central Bank in the event of any debt restructuring".

    This article was published by eWallstreeter - Outside the Box on May 14, 2013
    Link to article here

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage
    Macro Programme webpage

    News Posted: 14/05/2013      [Back to the Top]

    Financial Times

    Chinese lessons for Yahoo's boss

    Although that particular form of indolence known as "working from home" is out of fashion at Yahoo, where Ms Mayer has told staff to work from the office, it is getting its first tentative trials in China. One local government in Shanghai is trying to promote the concept by working with Ctrip, China's largest, Nasdaq-listed travel agency. Ctrip told local Chinese news that it had lowered its usual requirements for age and appearance, and focused more on honesty and responsibility when deciding which employees should be allowed to work without coming to the office. The company's CEO, James Liang, wrote up Ctrip's nine-month experiment in home-working with Stanford University professor Nicholas Bloom, concluding that performance increased dramatically and attrition fell sharply - while the company saved about $2,000 per employee per year worked at home.

    This article was published in the Financial Times on May 14, 2013
    Link to article here

    Related publications
    'Does Working from Home Work? Evidence from a Chinese Experiment', Nicholas Bloom, James Liang, John Roberts and Zhichun Jenny Ying, Centre for Economic Performance Discussion Paper No.1194, March 2013

    Related links
    Nicholas Bloom webpage
    Productivity and Innovation Programme webpage

    News Posted: 14/05/2013      [Back to the Top]

    Financial Times

    Chinese lessons for Yahoo's boss

    Although that particular form of indolence known as "working from home" is out of fashion at Yahoo, where Ms Mayer has told staff to work from the office, it is getting its first tentative trials in China. One local government in Shanghai is trying to promote the concept by working with Ctrip, China's largest, Nasdaq-listed travel agency. Ctrip told local Chinese news that it had lowered its usual requirements for age and appearance, and focused more on honesty and responsibility when deciding which employees should be allowed to work without coming to the office. The company's CEO, James Liang, wrote up Ctrip's nine-month experiment in home-working with Stanford University professor Nicholas Bloom, concluding that performance increased dramatically and attrition fell sharply - while the company saved about $2,000 per employee per year worked at home.

    This article was published in the Financial Times on May 14, 2013
    Link to article here

    Related publications
    'Does Working from Home Work? Evidence from a Chinese Experiment', Nicholas Bloom, James Liang, John Roberts and Zhichun Jenny Ying, Centre for Economic Performance Discussion Paper No.1194, March 2013

    Related links
    Nicholas Bloom webpage
    Productivity and Innovation Programme webpage

    News Posted: 14/05/2013      [Back to the Top]

    Bloomberg - Business Week

    China on slower, but stable growth path

    Dr. Keyu Jin, lecturer in economics at London School of Economics, talks with Mark Barton about the slowdown in the Chinese economy and how much of it is the work of the Chinese government. She speaks on Bloomberg...

    The article was published by Bloomberg Business Week on May 1, 2013
    Link to article here

    Related links
    Keyu Jin webpage
    Globalisation Programme webpage

    News Posted: 01/05/2013      [Back to the Top]

    LSE Politics and Policy blog

    The Chancellor has finally shifted towards stimulating growth

    Commenting on the Chancellor's budget, Linda Yueh sees a lot of positive stimulus measures that are better late than never, such as increased infrastructure spending and measures to cut corporate taxes. However, the Chancellor could have done more to boost confidence by setting out a convincing vision instead of knitting together disparate pieces of stimulus.

    This article was published by the LSE Politics and Policy blog on March 20, 2013
    Link to article here

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 20/03/2013      [Back to the Top]

    LSE Politics and Policy blog

    The Chancellor has finally shifted towards stimulating growth

    Commenting on the Chancellor's budget, Linda Yueh sees a lot of positive stimulus measures that are better late than never, such as increased infrastructure spending and measures to cut corporate taxes. However, the Chancellor could have done more to boost confidence by setting out a convincing vision instead of knitting together disparate pieces of stimulus.

    This article was published by the LSE Politics and Policy blog on March 20, 2013
    Link to article here

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 20/03/2013      [Back to the Top]

    The Sunday Times

    We've been on a roll - and can do it again

    Britain's economy. It set out some good ideas about how to generate growth over the medium and long term through infrastructure, innovation, education and skills. More striking was that the London School of Economics (LSE) Growth Commission stressed that Britain approaches the future with very considerable advantages, and an economy that is far from broken.

    This article appeared in the Sunday Times on 3 February 2013 link to article

    Related publications
    LSE Growth Commission Report Investing for Prosperity: Skills, Infrastructure and Innovation by Philippe Aghion, Timothy Besley, John Browne, Francesco Caselli, Richard Lambert, Rachel Lomax, Christopher Pissarides, Nick Stern and John Van Reenen, January 2013 link to report

    Related links
    Francesco Caselli webpage
    Christopher Pissarides webpage
    John Van Reenen webpage
    Productivity and Innovation Programme webpage
    LSE Growth Commission website

    News Posted: 04/02/2013      [Back to the Top]

    Afaqs

    BBC World News names Linda Yueh as Chief Business Correspondent

    Today BBC World News announced the appointment of Linda Yueh as Chief Business Correspondent, a new Singapore-based position that signals the channel's continuing commitment to Asia and determination to expand the breadth and depth of its international business coverage. Linda Yueh was most recently the London-based Economics Editor for Bloomberg Television and brings with her a wealth of experience in business journalism. Prior to joining Bloomberg, she was a full-time economist and a regular media commentator. She is currently a Fellow in Economics at Oxford University and an Adjunct Professor at the London Business School. Linda Yueh is also an associate of the London School of Economics and Political Science's Centre for Economic Performance as well as of IDEAS: the International Affairs, Diplomacy & Strategy research centre. She previously worked as an international corporate lawyer with the New York-based law firm of Paul, Weiss, Rifkind, Wharton & Garrison and served as a special advisor to the World Economic Forum (WEF) in Davos, Switzerland. Linda Yueh has also consulted and advised a number of international organizations and governments.

    This article appeared on AFAQS.com on January 23, 2013
    Link to article here

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 23/01/2013      [Back to the Top]

    Yahoo! News

    Analysis - tough rules and tight credit may thwart housing hopes

    The 10 billion pounds of loan guarantees, which will not come into effect before early next year, aim to reduce the cost of finance for builders and help institutional investors who want to buy portfolios of homes to rent out. Rough calculations suggest they would add something in the region of 0.2 percent to GDP. "I would think tens of thousands of new homes - low tens of thousands", said Henry Overman, a professor of economic geography at the London School of Economics.

    This article was published online on Yahoo! News on October 5, 2012
    Link to article

    Related links
    Henry Overman webpage
    Globalisation Programme webpage
    SERC website
    Henry Overman CEP publications webpage

    News Posted: 05/10/2012      [Back to the Top]

    ETSG 2012 Leuven Fourteenth Conference Chair Jacquemin Prize

    Swati Dhingra and John Morrow recipients of the Chair Jacquemin Prize

    Congratulations to Swati Dhingra and John Morrow for yet another prize - Prize Jacquemin - for their paper 'The Impact of Integration on Productivity and Welfare Distortions under Monopolistic Competition'. The Chaire Jacquemin of the Universite Catholique de Louvain in collaboration with the LICOS Research Centre of KULeuven (Belgium) awarded the prize at the ETSG Conference 2012 in Leuven.

    More information on the history and the mission of the Chaire Jacquemin can be found here

    Related publications
    'The Impact of Integration on Productivity and Welfare Distortions Under Monopolistic Competition', Swati Dhingra and John Morrow, Centre for Economic Performance Discussion Paper No.1130, February 2012

    Related links
    Swati Dhingra webpage
    John Morrow webpage
    Globalisation Programme webpage

    News Posted: 18/09/2012      [Back to the Top]

    Washington Post

    The offshoring squabble

    If economists are agreed on anything, it is the net benefits to society, both in the U.S. and abroad, of free trade. The same goes for free movement of investment capital, and the jobs it creates. Recent empirical studies support the theory. In a May 2012 paper, researchers at the London School of Economics Center for Economic Performance examined 58 U.S. manufacturing industries from 2000 to 2007, and found that the cost savings and productivity increases from shifting some work overseas enabled enough new domestic hiring to offset the jobs lost abroad.

    This article appeared in the Washington Post on 17 July 2012 link to article

    See also
    Monday 16 July
    Hit and Run: Reason.com (blog)
    Does it matter when Mitt Romney left Bain?
    Offshoring has no effect on native employment in the aggregate, according to a recent paper published by the London School of Economics Center for Economic Performance link to article

    Related publications
    Immigration, Offshoring and American Jobs Gianmarco I. P. Ottaviano, Giovanni Peri and Greg C. Wright, Centre for Economic Performance Discussion Paper No.1147, May 2012

    Related links
    Gianmarco I. P. Ottaviano webpage
    Globalisation Programme webpage

    News Posted: 17/07/2012      [Back to the Top]

    CAGE/CEP Workshop on

    Trade Policy in a Globalised World

    The CAGE/CEP Workshop on Trade Policy in a Globalised World was held in Venice, Italy June 8-9, 2012.
    The conference was organised by Dennis Novey (University of Warwick) and Emanuel Ornelas (Globalisation Programme Director at the Centre for Economic Performance, London School of Economics).

    For a full summary of the Venice Workshop, please visit the Globalisation Programme website.

    News Posted: 11/07/2012      [Back to the Top]

    The Washington Post

    England Student Debt Unprecedented as Government Shifts Funding

    U.S. education debt can't be discharged through bankruptcy and almost 2 million Americans with student debt are over 60, according to the New York Federal Reserve. About $85 billion in student debt was delinquent in the third quarter of 2011. In March, the Consumer Financial Protection Bureau said U.S. student-loan debt had reached $1 trillion, based on preliminary findings. "The American system is brutal" said Tim Leunig who teaches economic history at the London School of Economics.

    This article appeared in the The Washington Post on 23 April 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 23/04/2012      [Back to the Top]

    LSE blog

    This was a Tory budget from a Tory Chancellor

    Tim Leunig analyses today’s budget and argues that this was a case of the Tories looking after their own, particularly with regards to the 50p tax rate. The budget also saw an end to claims to be a tax reforming government, although there were positive moves on pensions and income taxes for those on minimum wage.

    This article appeared on LSE blog on 23 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 23/03/2012      [Back to the Top]

    Mindful Money

    Budget 2012: As it happened

    Tim Leunig on the LSE blog analysed the budget on the day it was announced.

    This article appeared in Mindful Money on 23 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 23/03/2012      [Back to the Top]

    BBC Radio Oxford

    'Phil Gayle' programme

    Linda Yueh gave an interview on the UK Budget.

    This interview was broadcast on 22 March 2012 on BBC Radio Oxford link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 22/03/2012      [Back to the Top]

    BBC Radio 4

    The World at One

    John Van Reenen discussed predictions for the 2012 Budget.

    This interview was broadcast on 20 March 2012 (no link avaliable)

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage

    News Posted: 20/03/2012      [Back to the Top]

    BBC Radio 4

    The World At One

    Dr Tim Leunig was interviewed about the selling of bonds.

    This interview was boradcast on 14 March 2012 (no link avaliable)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 14/03/2012      [Back to the Top]

    The Financial Times

    QE has also benefitted pension funds

    Sir, Pension funds are right that quantitative easing has reduced gilt yields, to the detriment of pension funds ("QE blamed for rise in pensions shortfall", March 8). But QE has also underpinned strong performances by stock markets to the benefit of pension funds.

    This article appeared in the Financial Times on 13 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 13/03/2012      [Back to the Top]

    This is Money

    Reed Elsevier in U-turn as boycott bites

    Leunig publicly criticised the group's reaction to the boycott. Leunig, a reader in economic history at the London School of Economics, had lashed out after Reed Elsevier chief executive Erik Engstrom described the objections of his company's critics as being based on 'misunderstandings'. Leunig hit back, saying: 'He should be honest and state that in many cases his journals have an element of monopoly power.'

    This article appeared in This is Money on 11 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 11/03/2012      [Back to the Top]

    BBC R2

    Jeremy Vine

    Tim Leunig interviewed, speaking about Brazil overtaking the UK.

    This interview was broadcast on BBC 2 on 7 March 2012 (no link avaliable)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 07/03/2012      [Back to the Top]

    Guardian

    Taxing the rich: 50p rate or mansion tax?

    I've been speaking with Tim Leunig the chief economist at Centre Forum, who makes the following arguments for a council tax: 'At a populist level it's good...for what they enjoy here.'

    This article appeared in The Guardian on 6 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 06/03/2012      [Back to the Top]

    Guardian Higher Education Network

    Creating extra university places will cost nothing

    The Government should expand higher education now. Current economic conditions mean that it will cost nothing to increase university places this year, says Tim Leunig.

    This article appeared in Guardian Higher Education Network on 3 March 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 03/03/2012      [Back to the Top]

    Financial Times

    The cost of expanding higher education is - zero

    Letter: Tim Leunig of the LSE and Neil Shephard argue that the price of the expansion of higher education is "at 0 per cent in real terms". The government should increase the number of students at English universities as a matter of urgency.

    This article appeared in Financial Times on 8 February 2012 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 08/02/2012      [Back to the Top]

    BBC World Service

    The World Today

    Linda Yueh interviewed on Angela Merkel's visit to China

    This interview was broadcast on BBC World Service on 2 February 2012 link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 02/02/2012      [Back to the Top]

    Times Higher Education

    Impact of fees hike to be monitored by independent commission

    An independent commission has been set up to see if higher tuition fees are deterring poorer students from applying to university. Chaired by former Observer editor Will Hutton, principal of Hertford College, Oxford, the commission will also include Sutton Trust chairman Peter Lampl, Stephen Machin professor of economics at University College London, and Times journalist Libby Purves, who presents the BBC Radio 4 education programme The Learning Curve.

    This article appeared in the Times Higher Education on 27 January 2012 link to article

    Related links
    Stephen Machin webpage
    Labour Markets Programme webpage

    News Posted: 27/01/2012      [Back to the Top]

    Times Higher Education

    Impact of fees hike to be monitored by independent commission

    An independent commission has been set up to see if higher tuition fees are deterring poorer students from applying to university. Chaired by former Observer editor Will Hutton, principal of Hertford College, Oxford, the commission will also include Sutton Trust chairman Peter Lampl, Stephen Machin professor of economics at University College London, and Times journalist Libby Purves, who presents the BBC Radio 4 education programme The Learning Curve.

    This article appeared in the Times Higher Education on 27 January 2012 link to article

    Related links
    Stephen Machin webpage
    Labour Markets Programme webpage

    News Posted: 27/01/2012      [Back to the Top]

    New Statesman

    Fragmentation or integration

    Comment: Econometric studies at the LSE and the University of Bristol appear to demonstrate that hospital based competition has improved clinical quality more rapidly in hospitals that are subject to greater competition. The price of competition
    By Carol Propper
    Piece in The New Statesman’s supplement titled ‘Competition in a New Society: National Health’ The government’s resolve will have been buoyed by recent research by the LSE and the University of Bristol. These econometric studies appear to demonstrate that the hospitalbased competition introduced by the previous government (the patient choice initiative) improved clinical quality more rapidly in hospitals subject to greater competition. While the validity of this evidence has been contested by other academics, it has been cited by David Cameron to support a more hawkish competition policy

    This article appreared in the New Statesmen on 9 December 2011 link to article

    Related publications
    ‘Management in Healthcare: Why Good Practice Really Matters’ Report from McKinsey & Company and the Centre for Economic Performance, October 2010
    ‘Management practices in the NHS’ CentrePiece 14 (3), Winter 2010 http://cep.lse.ac.uk/CentrePiece/browse.asp?vol=14&issue=3) pages 16-19, by Nick Bloom, Carol Propper, Stephan Seiler and John Van Reenen

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage

    News Posted: 09/12/2011      [Back to the Top]

    New Statesman

    Fragmentation or integration

    Comment: Econometric studies at the LSE and the University of Bristol appear to demonstrate that hospital based competition has improved clinical quality more rapidly in hospitals that are subject to greater competition. The price of competition
    By Carol Propper
    Piece in The New Statesman’s supplement titled ‘Competition in a New Society: National Health’ The government’s resolve will have been buoyed by recent research by the LSE and the University of Bristol. These econometric studies appear to demonstrate that the hospitalbased competition introduced by the previous government (the patient choice initiative) improved clinical quality more rapidly in hospitals subject to greater competition. While the validity of this evidence has been contested by other academics, it has been cited by David Cameron to support a more hawkish competition policy

    This article appreared in the New Statesmen on 9 December 2011 link to article

    Related publications
    ‘Management in Healthcare: Why Good Practice Really Matters’ Report from McKinsey & Company and the Centre for Economic Performance, October 2010
    ‘Management practices in the NHS’ CentrePiece 14 (3), Winter 2010 http://cep.lse.ac.uk/CentrePiece/browse.asp?vol=14&issue=3) pages 16-19, by Nick Bloom, Carol Propper, Stephan Seiler and John Van Reenen

    Related links
    John Van Reenen webpage
    Productivity and Innovation Programme webpage

    News Posted: 09/12/2011      [Back to the Top]

    Marketplace

    Super committee fails, but US investment still best option

    Tim Leunig of the London School of Economics says the U.S. is simply the best of a bad lot. The American economy is growing. It's certainly growing much faster than almost everywhere in Europe. So America has the great advantage that so long as everybody else messes up, it's still the best country you can put your money in.

    This article appeared in Marketplace on the 5th December 2011 link to article

    Related links
    Tim Leunig webpage


    News Posted: 05/12/2011      [Back to the Top]

    City AM

    Demand for new laws to defeat unions

    Demand for new laws to defeat unions: Prof Alan Manning from the Centre for Economic Performance at the LSE, said: "There are many areas of conflict between the public sector and government. They are unlikely to be resolved very soon."

    This article appeared in City AM on December 1, 2011
    Link to article.

    Related links
    Alan Manning webpage
    Labour Markets Programme webpage



    News Posted: 02/12/2011      [Back to the Top]

    The Economist

    Marathon machine

    Big gains may arrive as firms find better ways to use new technologies. As a new paper by Tim Leunig and Joachim Voth explains, process innovations may be as valuable as inventions themselves.

    This article appeared in The Economist on November 18, 2011
    Link to article

    Related Publications
    Cotton and Cars: the Huge Gains from Process Innovation, Tim Leunig and Joachim Voth. Article in CentrePiece Volume 16, Issue 2, Autumn 2011
    ‘Spinning Welfare: the Gains from Process Innovation in Cotton and Car Production’, Tim Leunig and Joachim Voth, Centre for Economic Performance Discussion Paper No.1050, May 2011

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 18/11/2011      [Back to the Top]

    Marketplace (American Public Media)

    Pigs do fly

    Tim Leunig of the London School of Economics quoted as saying: “There's absolutely no blueprint. In fact, it's agreed that it will never happen. But sometimes things that will never happen, do happen.”

    This article appeared in Marketplace (American Public Media) on November 3, 2011
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 03/11/2011      [Back to the Top]

    BBC ‘Newsnight'

    Linda Yueh Interview

    Linda Yueh interviewed, speaking on the Euro Zone seeking to be rescued by China.

    This interview was broadcast on BBC ‘Newsnight' on 28 October 2011 link to interview

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 28/10/2011      [Back to the Top]

    Euromoney

    China won't bail out Greece

    “[As opposed to supporting Greek investment], supporting multinational investment helps China to develop global firms as well as diversity their capital outflow, predominantly away from government debt such as US Treasuries”, says Linda Yueh, a fellow of economics at the University of Oxford.

    This article appeared in Euromoney on September 30, 2011
    Link to article

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 30/09/2011      [Back to the Top]

    Sky News

    Jeff Randall Live

    Christopher Pissarides comments on tax avoidance in the Greek economy.

    This interview was broadcast on Sky News on 5 September 2011 (no link avaliable)

    Related links
    Christopher Pissarides webpage
    Macro Programme webpage


    News Posted: 05/09/2011      [Back to the Top]

    Sound Money

    Head of IMF says governments need to spend

    TIM LEUNIG: The American job numbers, for example, were terrible. Absolutely terrible. So there is good evidence things are going wrong. Unemployment will go up. More people will lose their homes. That really isn't what we want.

    This article appeared on Sound Money on 5 September 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 05/09/2011      [Back to the Top]

    LaBolsa.com Noticias

    Economía.- Garicano cree que Alemania comienza a valorar la posibilidad de emitir eurobonos

    El catedrático de Economía y Estrategia de la London School of Economics, Luis Garicano ha afirmado que en los últimos días se ha experimentado un "cambio enorme" en la postura de Alemania ante la posible...

    This article appeared in LaBolsa.com on 16 August 2011 link to article

    Related links
    Luis Garicano webpage
    Productivity and Innovation Programme webpage

    News Posted: 16/08/2011      [Back to the Top]

    Little basis to claims of rise in crime and moral failure

    Financial Times

    LSE academic Tim Leunig says there is no evidence that marriage tax breaks such as those being suggested by the Tory right, would encourage people to marry.

    This article appeared in Financial Times on 16 August 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 16/08/2011      [Back to the Top]

    Wall Street Pit.com

    A fresh surge in uncertainty

    The potentially explosive combination of Eurozone debt contagion, vulnerable banking systems, and European and American political paralysis has pushed stock-market volatility to levels nearly as bad as the days following the 11 September 2001 terrorist attacks. Nobody knows what happens next. This column reviews research on 16 previous shocks and concludes that today’s uncertainty shock will create a short, sharp contraction in late 2011 of about 1% with a rebound coming in spring 2012.

    This article appeared in 9 August 2011 link to article

    Related links
    Nicholas Bloom webpage
    Productivity and Innovation Programme webpage

    News Posted: 09/08/2011      [Back to the Top]

    ITV1 ''Daybreak''

    Linda Yueh Interview

    Linda Yueh interviewed, speaking on the US downgrade, euro crisis and market turmoil.

    This interview was broadcast on Daybreak, ITV one on 8 August 2011 (no link available)

    Also on
    BBC Radio 5
    Victoria Derbyshire programme link

    News Posted: 08/08/2011      [Back to the Top]

    BBC Radio Oxford

    Phil Gayle show

    Linda Yueh interviewed on on US jobs and market turmoil

    This interview was broadcast on 5 August 2011 on BBC Radio Oxford link

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 05/08/2011      [Back to the Top]

    Channel 4 News

    Can positive U.S. job growth halt market slide?

    "An increase of 200,000 would indicate that there is enough job growth to absorb labour market entrants, so a figure of that magnitude would be helpful,” Dr Linda Yueh, economics correspondent for Bloomberg TV and an Oxford University economics fellow, told Channel 4 News shortly before Friday's announcement.

    This interview was broadcast on Channel 4 on 5 August 2011 link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 05/08/2011      [Back to the Top]

    Sound Money

    Eurozone debt crisis is back with a vengeance

    Tim Leunig: The question is: do Germans want to guarantee Greek, Italian and Spanish debt? I don't see any evidence of that.

    This article appeared in Sound Money on August 3, 2011
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 03/08/2011      [Back to the Top]

    Channel 4 News

    U.S. out of the woods on debt – but for how long?

    Bloomberg TV's Economics Correspondent and a fellow in economics at Oxford University, Dr Linda Yueh said the crisis had "cast a light" on the fiscal challenges faced by the US, putting them in "stark relief".

    This interview was broadcast on Channel 4 News on 2 August 2011 link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 02/08/2011      [Back to the Top]

    BBC Radio Oxford

    James Cannon show

    Linda Yueh interviewed, speaking on the U.S. debt ceiling wrangles.

    This interview was broadcast on BBC Radio Oxford on August 1, 2011
    [No link available]

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    Also on
    BBC Radio Wales
    Good Morning Wales
    [No link available.]

    News Posted: 01/08/2011      [Back to the Top]

    BBC Radio Oxford

    James Cannon show

    Linda Yueh interviewed, speaking on the U.S. debt ceiling wrangles.

    This interview was broadcast on BBC Radio Oxford on August 1, 2011
    [No link available]

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    Also on
    BBC Radio Wales
    Good Morning Wales
    [No link available.]

    News Posted: 01/08/2011      [Back to the Top]

    The Guardian

    The ONS must stop providing lame excuses for poor growth

    Tim Leunig writes for the Guardian:
    The current obsession with ad hoc "special factors" to explain Britain's poor growth performance makes little sense to economists. The Office for National Statistics is right to suggest that record warm weather in April led us to spend less heating our homes. But if we spent less heating our homes, we had more money left over at the end of the month. The chances are that we spent the money left over on something else, so the energy sector's loss was another sector's gain. The net effect is going to be close to zero. This is true of just about every special factor that anyone comes up with.

    This article appeared in The Guardian on July 27, 2011
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 27/07/2011      [Back to the Top]

    Sky News

    ''Murnaghan'' newspaper review

    Linda Yueh on the programme, with Lord Faulkner and Sir Ming Campbell covering the News Corp scandal and the deepening euro crisis

    This interview appeared on Sky News on 17 July 2011 (no link avaliable)

    Linda Yueh webpage
    Globalisation Programme webpage


    News Posted: 17/07/2011      [Back to the Top]

    Zaman (Turkey)

    Seeing double at central banks

    Central banks are now targeting liquidity, not just inflation. The credit boom of the past decade highlighted the inadequacy of focusing only on prices, and underscored the need for the monetary authority of a country (or group of countries in the case of the European Central Bank and the eurozone) to monitor the financial sector. Macroprudential regulation is the new term of art among central bankers, supplementing their well-established inflation-targeting regimes.

    This article appeared in Zaman Turkey on 17 June 2011 link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage


    News Posted: 17/07/2011      [Back to the Top]

    Benzinga Radio

    Benzinga Radio: Bloomberg's Linda Yueh on Central Bank Policy - 'Seeing Double'

    We spoke with Linda Yueh Bloomberg TV's economics correspondent, fellow at St. Edmund Hall at the University of Oxford and associate of the Globalization program at the London School of Economics' Center for Economic Performance on the changing nature of central bank policy in England and the rest of the developed world.

    This article was broadcast on Benzinga Radio on 15 July 2011 link to article

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 15/07/2011      [Back to the Top]

    Ultimo Segundo

    Escândalo enfraquece David Cameron

    "Murdoch não parece bom no momento e se você estiver perto de alguém que parece fraco, vai parecer fraca", disse Tim Leunig historiador da London School of Economics. "Se Cameron quer parecer forte precisa tomar uma posição decisiva, proibindo todos os jornalistas da News International de participar de briefings do governo".

    This article appeared in Ultimo Segundo on 13 July 2011 Link to article

    Also in
    Town Hall (USA) Cameron weakened by UK phone hacking scandal
    AccessAtlanta (print) link
    Springfield News Sun (print) link

    News Posted: 13/07/2011      [Back to the Top]

    Gulf Times

    Seeing double at central banks

    Central banks are now targeting liquidity, not just inflation. The credit boom of the past decade highlighted the inadequacy of focusing only on prices, and underscored the need for the monetary authority of a country (or group of countries in the case of the European Central Bank and the eurozone) to monitor the financial sector. Macroprudential regulation is the new term of art among central bankers, supplementing their well-established inflation-targeting regimes. Linda Yueh is an associate of the Globalisation Programme of the Centre for Economic Performance at the London School of Economics and Political Science.

    This article appeared in the Gulf Times on 11 July 2011 link to article

    Also in
    Korea Herald link
    The Lagos Times link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 11/07/2011      [Back to the Top]

    Business Insider

    Seeing double at the world's central banks

    Article by Linda Yueh University of Oxford, and an associate of the Globalization Program of the Center [sic] for Economic Performance talking about Macroprudential regulation is the new term of art among central bankers, supplementing their well-established inflation-targeting regimes. This shift in focus could radically change monetary policy, but for better or worse?

    This article appeared in Business Insider on 7 July 2011 link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 07/07/2011      [Back to the Top]

    Financial Times

    Emerging investors cross new frontiers

    China is leading the global recovery, says Linda Yueh an economist and director of the China Growth Centre at Oxford University. If it wants “to sustain its place and secure another golden era of growth it will have to open its economy,” she adds. She is cautious on the risks of investing when “so much reform is needed”, and advises investors to “go in a bit at a time”.

    This article appeared in the Financial Times on 7 July 2011 link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 07/07/2011      [Back to the Top]

    Marketplace

    Should the Europeans just let Greece default?

    Greece's European partners are bailing it out, but insisting on budget cuts and tax hikes in return. That deepens the Greek recession and makes it even tougher for Greece to pay its debts. There is only one way out of this vicious circle, says Tim Leunig of the London School of Economics. TIM LEUNIG: To be honest, if I was Greece, I would get out of the Euro. I would default big time and would say to the rest of the world: 'We're sorry, we can't take any more pain. You're going to have to sort it out.'

    This aricle appeared in Marketplace on 6 July 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 06/07/2011      [Back to the Top]

    MSN Prodigy

    Nueva divisa

    En el lado opuesto del argumento se ubica Tim Leunig profesor de Historia Económica de la London School of Economics (LSE), quien no vacila en señalar que estas monedas virtuales esencialmente...

    This article appeared in MSN Prodigy on 29 June 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 29/06/2011      [Back to the Top]

    Informe21.com

    Economía virtual: Bitcoins, los dos lados de ''la moneda del futuro''

    En el lado opuesto del argumento se ubica Tim Leunig profesor de Historia Económica de la London School of Economics (LSE), quien no vacila en señalar que estas monedas virtuales esencialmente...

    This article appeared in Informe21.com on 27 June 2011 link to article

    Also in El Zocalo
    Bitcoins, “la moneda del futuro” link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 27/06/2011      [Back to the Top]

    La Nueva España

    Asturias no se arregla creando problemas artificiales

    Un estudio científico de Luis Garicano y Vicente Cuñat, profesores de la London School of Economics, revela que la politización eleva la morosidad de este tipo de entidades...

    This ariticle appeared in La Nueva España on 26 June 2011 link to article

    Related links
    Luis Garicano webpage
    Productivity and Innovation Programme webpage


    News Posted: 26/06/2011      [Back to the Top]

    BBC Mundo

    Bitcoins: los dos lados de ''la moneda del futuro''

    En el lado opuesto del argumento se ubica Tim Leunig profesor de Historia Económica de la London School of Economics (LSE), quien no vacila en señalar que estas monedas virtuales esencialmente...

    This article appeared in BBC Mundo on 26 June 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 26/06/2011      [Back to the Top]

    Times Higher Education Supplement

    Coalition eyes auction plan to push down fees

    Ministers are looking closely at a proposal for allocating all university places in an auction, with the government judging bids according to which ones offer the best deals for the taxpayer. The plan, set to be published on 7 April in a report by Tim Leunig would establish the likely loss to the government of lending money to students at different institutions and on various courses.

    This article appeared in the Times Higher Education Supplement on 7 April 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 07/04/2011      [Back to the Top]

    Business Spectator

    How did London get away with it?

    First, relative to both other regions of the UK and to expectations, London appears to have got away with it. The over-representation of the professional occupations partly explains this. The bailout may explain why these occupations did even better in London.
    Article by Henry Overman

    This article appeared in Business Spectator on 1 April 2011 link to article

    Related publications
    How did London get away with it?’ Henry Overman, CentrePiece Vol 15, Issue 3, Winter 2010/2011
    ‘Wage Disparities in Britain: People or Place?’ Steve Gibbons, Henry Overman and Panu Pelkonen, SERC Discussion Paper No.60, October 2010


    Related links
    ‘How did London get away with it? The recession and the north-south divide’
    Lecture Details link
    Henry Overman webpage
    SERC website webpage


    News Posted: 01/04/2011      [Back to the Top]

    BBC Radio 4

    The Report

    Tim Leunig was interviewed about regime donations

    This interview was broadcast on BBC Radio 4 on 31 March 2011 (no link avaliable)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 31/03/2011      [Back to the Top]

    Bloomberg

    Linda Yueh interview

    Linda Yueh reports on the outlook for the nationalization of Bank of Ireland Plc and Irish Life & Permanent Plc, the last of the country’s biggest lenders to escape state control

    This interview was broadcast on Bloomberg on 30 March 2011 link to article

    Related Links
    Linda Yueh webpage
    Globalisation webpage

    News Posted: 30/03/2011      [Back to the Top]

    Guardian

    How London is bouncing back from the recession

    A couple of months ago, Henry Overman, professor of economic geography at the LSE, gave a lecture titled How Did London Get Away With It? His answer came down to the kind of jobs that Londoners tend to have. The capital has the lion's share of financial services, and those industries came out of the meltdown in far healthier shape than expected. It also has lots of managerial and professional workers, and they've also done better than expected.

    This article appeared in the Guardian on March 22, 2011
    Link to article

    Related Publications
    How Did London Get Away With It?, Henry Overman. Article in CentrePiece Volume 15, Issue 3, Winter 2010/2011
    'Wage Disparities in Britain: People or Place?', Stephen Gibbons, Henry Overman and Panu Pelkonen, SERC Discussion Paper No.60, October 2010
    Slides for SERC and LSE London lecture How Did London Get Away With It? The Recession and the North-South Divide' given on 20 January 2011

    Related Links
    Henry Overman webpage
    Spatial Economics Research Centre (SERC) webpage
    Globalisation Programme webpage


    News Posted: 22/03/2011      [Back to the Top]

    Evening Standard

    Foundations are shaky for coalition's bid to revitalise building

    Comment regarding building policies expected in the budget. It is mentioned that the LSE's Tim Leunig was the one who formulated the proposal to increase housebuilding, believing councils must have the power to make owners sell.

    This article appeared in the Evening Standard on 21 March 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 21/03/2011      [Back to the Top]

    El Pais

    Moody's contra el Banco de España

    Pero en este pulso los economistas consultados disparan contra Moody's: para Luis Garicano de la London School of Economics, "la arrogante pereza que supone no esperar a que el saque sus números (no sea que haya que estudiarse los datos antes de opinar) es incomprensible en...

    This article appeared in El Pais on 20 March 2011 link to article

    Related links
    Luis Garicano webpage
    Productivity and Innovation Programme webpage

    News Posted: 20/03/2011      [Back to the Top]

    Property Week

    Make Cable's land auctions compulsory, says economist

    Business secretary Vince Cable’s idea of land auctions should be made compulsory, says the man who proposed the system to boost the low rate of housebuilding in the UK. Timothy Leunig a reader in economic history at the London School of Economics, said the only way to make developers go through this process and encourage councils to grant planning permission is to make it mandatory.

    This article appeared on Property Week on 18 March 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 18/03/2011      [Back to the Top]

    The Daily Telegraph

    Data show new high for youth joblessness; Jobless young figure hits all-time record

    According to the Chartered Institute of Personnel and Development, current youth unemployment rates are lower than in the 1992 recession, when looking at the proportion of the entire youth population and excluding those in full-time education. ; The Centre for Economic Performance also warned the number of under-25s out of work, although at a "stunning" volume, can be expected given that they generally have fewer skills than older workers and lower redundancy costs. ; The Work Foundation disputed this, however. Ian Brinkley, a director at the think-tank , said: "The prospects for 2011 are not encouraging as the expected large-scale job losses in the public sector have still to feed through. Meanwhile, the rise in unemployment has been largely felt by the young, increasing numbers of whom are becoming long-term unemployed - a clear warning of big problems to come."

    This aritcle appeared in the Daily Telegraph on 17 March 2011 (no link avalible)

    Related links
    Barbara Petrongolo webpage
    John Van Reenen webpage
    Labour Markets Programme webpage
    Productivity and Innovation Programme webpage

    News Posted: 17/03/2011      [Back to the Top]

    Financial Times

    'Land auctions' plan to stimulate growth

    It is mentioned that Ed Davey and the LSE's Tim Leunig had in 2007 made a proposal in relation to gaps in land pricing.

    This article appeared in the Financial Times on the 14 March 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 14/03/2011      [Back to the Top]

    MBA, South Korea

    Linda Yueh interview

    Linda Yueh appeared on MBA, a terrestrial channel in South Korea, commenting on gold and global currencies at a conference in Seoul

    This interview was broadcast on 3 March 2011 (no link avaliable)

    Related Links
    Linda Yueh webpage
    Globalisation webpage

    News Posted: 03/03/2011      [Back to the Top]

    The Sunday Times

    Ministers in bid to force lower university fees

    Universities could be forced to bid in a government-led "auction" for the right to offer degree places, as part of an emergency scheme being considered by ministers to keep tuition fees under control. Under a scheme devised by Tim Leunig an economist at the London School of Economics, virtually all places could be distributed according to a formula that took into account demand for courses, their price tag and the earning prospects of their graduates.

    This aritlce appeared in the Sunday Times on 20 February 2011 (No link)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 22/02/2011      [Back to the Top]

    Times Higher Education Supplement

    Quit the quotas: only competitive tension will keep fees down

    Market discipline must be introduced to ensure that universities deliver the best deal for students and taxpayers, argues Tim Leunig

    This article appeared in Times Higher Education Supplement on 17 February 2011 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 17/02/2011      [Back to the Top]

    Guardian

    China looks for inner richness

    Although China has become the world's second-largest economy, its domestic markets need reform for its citizens' sake.

    This article appeared in the Guardian on 14 February 2011 link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 14/02/2011      [Back to the Top]

    BBC 1

    South East Today

    Tim Leunig interviewed on economic prospects for the SE after Pfizer closure.

    This interveiw appeared on South East today on 7 February 2011 (no link avaliable)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 07/02/2011      [Back to the Top]

    Moneycontrol.com

    Themed funds may miss the point on China and India

    Tim Leunig at the London School of Economics said in the past people have reacted to rising raw materials costs by tapping new sources, using the commodity more efficiently or finding a substitute, ultimately limiting the price rise.

    This article appeared in Moneycontrol.com on 8 December 2010 link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 08/12/2010      [Back to the Top]

    Pensions World

    Conference report SPC riveting stuff

    Dr Tim Leunig of the London School of Economics and Policy Exchange mesmerised delegates in the next session entitled “What is required to turn the tide?” First he debunked the myth that the pensions system was better in the olden days.

    This article appeared in Pensions World on December 3, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 03/12/2010      [Back to the Top]

    Handelsblatt

    Deutschands Ökonomen erhalten Millionenbetrag

    Article cites the work of Daniel Sturm and of the four German economists that were awarded an ERC Starting Grant this year.

    This article appeared in Handelsblatt (Germany)on November 27, 2010
    Link to article

    Related Links
    Daniel Sturm webpage
    Globalisation Programme webpage

    News Posted: 27/11/2010      [Back to the Top]

    Financial Times

    Entrepreneur key to 1980s reforms

    Profile of Lord Young, who has recently resigned from a government post. The LSE's Tim Leunig is quoted as saying that Lord Young is at the end of his career.

    This article appeared in the Financial Times Online on November 20, 2010
    [No link available to article.]

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage
    Tim Leunig publications webpage

    See also
    November 19, 2010
    BBC Radio Wales
    Good evening Wales
    Dr Tim Leunig comments on Lord Young's resignation.

    News Posted: 20/11/2010      [Back to the Top]

    Prospect Magazine

    Cavalier cuts

    ‘Coalition plans to cap benefits will not work as intended, and are unnecessarily draconian’ – Article by Dr Tim Leunig, a reader in economics at LSE.

    This article appeared in Prospect Magazine on November 18, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage
    Tim Leunig publications webpage

    News Posted: 18/11/2010      [Back to the Top]

    New Statesman

    Plastic bags, BST and Tina Brown

    Here is a little tale that casts light on these supposedly austere times. It comes from Tim Leunig, reader in economic history at the London School of Economics.

    This article appeared in the New Statesman on November 18, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage
    Tim Leunig publications webpage

    News Posted: 18/11/2010      [Back to the Top]

    BBC Radio 4

    The World at One

    Dr Tim Leunig, LSE, discussed whether there will be an economic boost from the Royal wedding.

    This interview was broadcast on BBC Radio 4 'The World at One' on November 17, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 17/11/2010      [Back to the Top]

    Britain News.Net

    'Austerity Britain' gears up for a royal wedding

    But times may have changed the appetite for pomp and circumstance, said Tim Leunig, a professor at the London School of Economics. "We're not as concerned with these big events nowadays," he said. "With Charles and Diana's marriage not working out, we're a little less interested in that sort of thing."

    This article appeared in Britain News.Net on November 17, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    Also in
    KOSU News (Oklahoma)
    'Austerity Britain' gears up for a royal wedding



    News Posted: 17/11/2010      [Back to the Top]

    The Independent

    The Coalition doesn't need to reinvent the Blairite wheel

    Comment. It is likely that some of the coalitions’ reforms will succeed, and some will fail. It is mentioned that a study by Zack Cooper and others at the LSE came to the conclusion that patients were more likely to expire where the provider of NHS services is a monopoly provider.

    This article appeared in The Independent on November 16, 2010
    Link to article

    Related Links
    Zack Cooper webpage
    Zack Cooper CEP publications webpage
    Productivity and Innovation Programme webpage

    News Posted: 16/11/2010      [Back to the Top]

    The Independent

    The Coalition doesn't need to reinvent the Blairite wheel

    Comment. It is likely that some of the coalitions’ reforms will succeed, and some will fail. It is mentioned that a study by Zack Cooper and others at the LSE came to the conclusion that patients were more likely to expire where the provider of NHS services is a monopoly provider.

    This article appeared in The Independent on November 16, 2010
    Link to article

    Related Links
    Zack Cooper webpage
    Zack Cooper CEP publications webpage
    Productivity and Innovation Programme webpage

    News Posted: 16/11/2010      [Back to the Top]

    Financial Times

    UK likely to sink again in steel rankings

    According to steel consultancy Meps, the UK is set this year to slip even further behind in the world league table of steel producers, another reminder of the country's diminishing status in global manufacturing. Tim Leunig, an economic historian at the London School of Economics, said the steel output figures were "irrelevant" to the UK's overall level of economic activity.

    This article appeared in the Financial Times on October 6, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 06/10/2010      [Back to the Top]

    CNBC Europe

    Strictly money

    Linda Yueh was guest host, discussing a range of economic issues including UK inflation expectations.

    This programme was broadcast on September 23, 2010
    Link to article

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 23/09/2010      [Back to the Top]

    BBC1 - World News

    World business report

    Linda Yueh was on the programme to do the newspaper review covering European strikes, China-Japan economic tensions, Turkey and EU enlargement, and the saga over PotashCorp.

    This interview was broadcast on September 23, 2010
    [No link available.]

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 23/09/2010      [Back to the Top]

    CNN

    ''Quest Means Business''

    Linda Yueh interviewed, to analyse China-Japan trade tensions.

    This interview was broadcast on CNN "Quest Means Business" on September 20, 2010
    No link available.

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 20/09/2010      [Back to the Top]

    Bloomberg TV

    ''Countdown'' and ''The Pulse''

    Linda Yueh interviewed to discuss the global economic outlook.

    This interview was shown on Bloomberg TV programmes "Countdown" and "The Pulse" on September 20, 2010
    No link available.

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 20/09/2010      [Back to the Top]

    Inside Housing

    Give us your ideas

    Inside Housing’s What’s the Benefit? Campaign asks: how to reduce the housing benefit bill without driving people from their homes. Tim Leunig suggests his proposal for an alternative plan to the coalition government’s plans to reform housing benefit: The housing benefit bill does need to be brought under control - and there are abuses here and there. But the only humane and cost-efficient way to reduce spending on housing benefit is to allow more houses to be built, so that housing becomes cheaper.’

    This article appeared in Inside Housing on September 17, 2010
    Link to article

    Related Links
    Tim Leunig webpage
    Tim Leunig publications webpage
    Globalisation Programme webpage

    News Posted: 17/09/2010      [Back to the Top]

    CNBC

    ''European Closing Bell''

    Linda Yueh was interviewed to discuss US-China tensions over the RMB.

    This interview was shown by CNBC on the "European Closing Bell" programme on September 16, 2010
    Link to interview

    Also on
    BBC World News - "Impact Asia"


    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 16/09/2010      [Back to the Top]

    Bloomberg TV

    Countdown, On the Move and The Pulse

    Linda Yueh interview shown on the programmes where she discussed a range of economic issues including the latest unemployment figures for the UK.

    This interview was broadcast on 15 September 2010 on Bloomberg link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 15/09/2010      [Back to the Top]

    Bloomberg TV

    ''Oxford's Yueh says Obama must boost 'new industry' jobs''

    Linda Yueh was interviewed, to analyse the economic impact of the proposed U.S. fiscal stimulus.

    This interview was broadcast on Bloomberg TV on September 8, 2010
    Link to interview

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 08/09/2010      [Back to the Top]

    BBC 1/World News

    World Business Report

    Linda Yueh did the newspaper review, covering issues such as GM's future, U.S. and China's partnership in Latin America, grain exports/imports in Russia, and media coverage of fad diets.

    This interview was broadcast on 19 August 2010 Link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 19/08/2010      [Back to the Top]

    CEP on TV/Radio

    5 live

    Jo Blanden interviewed, to comment on the speech by Nick Clegg and on issue of social mobility.

    This interview appeared on Radio 5 Live on 18 August 2010 (no link avaliable)

    Related Links
    Jo Blanden webpage
    Education and Skills webpage

    News Posted: 18/08/2010      [Back to the Top]

    BBC Radio Scotland

    Newsdrive

    Linda Yueh was interviewed, to comment on China overtaking Japan as second largest economy.

    This interview was broadcast on BBC Radio Scotland on 17 August 2010 link to article

    Also on:
    Bloomberg TV "Start Up" & "Countdown" programmes
    Linda Yueh was interviewed, covering a range of economic issues including China's holdings of U.S. Treasuries link to article

    BBC News Channel "BBC News"
    Linda Yueh on the latest inflation figures for the UK and also quoted in BBC News online story link to article

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 17/08/2010      [Back to the Top]

    Channel 4 news

    Linda Yueh interview

    Linda Yueh interview on China overtaking Japan on Channel 4 News.

    This interview was broadcast on 16 August 2010 on Channel 4 link

    Also on:
    ABC (Australia) Radio National "Late Night Live"
    Linda Yueh on 'The China Syndrome' to discuss China's banking sector and sustainability link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 16/08/2010      [Back to the Top]

    Al Jazeera English

    News Doha

    Linda Yueh was interviewed, to speak on China overtaking Japan as the second largest economy.

    This interview was broadcast on Al Jazeera English on 16 August 2010 (no link avaliable).

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 16/08/2010      [Back to the Top]

    Al Jazeera English

    Newshour

    Linda Yueh was interviewed to discuss the Euro Zone and Germany's 2nd quarter GDP growth figures

    Linda Yueh was interviewed on Al Jazeera English on 13 August 2010.

    Also on:
    BBC Radio 4 "The World Tonight" link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 13/08/2010      [Back to the Top]

    CNBC Europe

    Strictly Money

    Linda Yueh was guest host on the programme, covering a range of issues, including the economic outlook.

    This was broadcast on CNBC Europe on 12 August 2010 Link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 12/08/2010      [Back to the Top]

    American Public Media

    Marketplace(Radio)

    Linda Yueh interviewed, commenting on the U.S. Federal Reserve interest rate/QE decision and US/European comparisons of a possible "double dip" recession.

    This interview was broadcst on American Public Review on 11 August 2010.

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 11/08/2010      [Back to the Top]

    BBC Radio Wales

    Good Morning Wales

    Linda Yueh interviewed, to analyse the UK's 2nd quarter GDP growth figure.

    This interview was broacast on BBC Radio Wales on 23 July 2010 link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 23/07/2010      [Back to the Top]

    Financial Times

    Tim Leunig

    Tim Leunig of the London School of Economics is mentioned in a discussion of the regional divide in wages and growth.

    This article appeared in the Financial Times on 16 July 2010 Link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage

    News Posted: 16/07/2010      [Back to the Top]

    Bloomberg TV News

    ''Start Up''

    Linda Yueh interviewed, commenting on the proposed Basel III banking reforms.

    This interview was broadcast on Bloomberg on 14 July 2010 link

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    Also on
    ABC (Australia) Radio National "Late Night Live"
    Linda Yueh interviewed on the age of austerity in Britain, analysing the scale of the fiscal consolidation and implications for the economy link

    News Posted: 14/07/2010      [Back to the Top]

    BBC Radio 4

    The World Tonight

    Linda Yueh interviewed, to comment on the strategic realignment of Britain's interests towards China coinciding with William Hague's visit to Beijing and the potential economic relations between the two countries.

    This programme was broadcast on BBC Radio 4 on 14 July Link to article

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 14/07/2010      [Back to the Top]

    Financial Times

    Why South Africa is a good prospect

    Tim Leunig Department of Economic History, London School of Economics, writes to the Financial Times about a discussion over whether genetics or child poverty are to blame for the South African black football team's short stature.

    This article appeared in the Financial Times on 5 July 2010 Link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 05/07/2010      [Back to the Top]

    Sunday Times (Appointments)

    Highest flyers can sink so low

    A study conducted by Lord Layard professor emeritus at the London School of Economics found that the cost of providing psychological care for all adults who needed it would be recovered within two years from a reduction in incapacity benefits and increases in taxes from more people being able to work.

    This article appeared in Sunday Times (Appointments)(no link available)

    Related publications
    Happiness: Lessons from a New Science, Richard Layard. Details of book available at http://cep.lse.ac.uk/pubs/books/happiness/

    Related links
    Richard Layard webpage
    Wellbeing Programme webpage
    Happiness Research webpage

    News Posted: 03/07/2010      [Back to the Top]

    InsideHousing

    Call this social justice?

    A squeeze on housing benefit and too few jobs present bleak prospects for the less privileged, says Tim Leunig

    This article appeared in Inside Housing Link to aritcle

    Related publications
    'Where to build Britain's new houses', Tim Leunig in CentrePiece 13(1), Spring 2008 Link to article

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 02/07/2010      [Back to the Top]

    Radio Humberside

    Tim Leunig interview

    Tim Leunig gave a live interview on migration and employment.

    This interview was broadcast on 29 June 2010 (no link avaliable)

    Related links
    Tim Leunig webpage
    Globalisation Programme webpage


    News Posted: 29/06/2010      [Back to the Top]

    Financial Times

    Regions warned of tough job prospects

    Tim Leunig, a regional economy expert at the London School of Economics, believes that yesterday's budget will impact heavily on the UK's poorer regions and remains "unconvinced" by George Osborne's claims that Britain's entrepreneurial side will help cover job losses from the public sector.

    This article appeared in the Financial Times on June 24, 2010
    Link to article

    Also in
    Interactive investor

    Related Links
    Tim Leunig webpage
    Globalisation Programme webpage
    Tim Leunig publications webpage

    News Posted: 24/06/2010      [Back to the Top]

    Daily Markets

    Paul Krugman and P. Diddy? Together in a movie??

    Since a moderator during a discussion at the London School of Economics once introduced him as “rock star”, perhaps this is just one attempt of Krugman to cement that image. Or he probably thought it was a documentary about the Greek debt crisis.

    This article appeared in Daily Markets on 6 June 2010 Link to article

    Related links
    Paul Krugman webpage
    Globalisation Programme webpage

    News Posted: 06/06/2010      [Back to the Top]

    CBC (Canadian Broadcasting Corporation) Radio

    The House

    Linda Yueh interviewed by CBC’s national political programme - "The House" - commenting on the issues surrounding the proposed global bank levy.

    This interview was broadcast on CBC (Canadian Broadcasting Corporation) Radio on May 29, 2010
    Link to interview.

    Related Links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 29/05/2010      [Back to the Top]

    ABC News (Australia)

    Breakfast

    Linda Yueh was interviewed, to comment on the outlook for the Chinese economy and the implications of the Australian windfall tax on resource companies.

    This interview was broadcast on ABC News on 27 May 2010.

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 27/05/2010      [Back to the Top]

    ITV

    GMTV

    Linda Yueh appeared, commenting on the causes of the worldwide fall in stock markets.

    This interview was broadcast on GMTV on 26 May 2010 (no link avaliable).

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 26/05/2010      [Back to the Top]

    CNN International

    Quest Means Business

    Linda Yueh interviewed, commenting on the China-US summit’s outcomes on economic matters.

    This interview was broadcast on 25 May 2010 (no link avaliable).

    Also on:
    CNBC "Squawk Box Europe" Linda Yueh was Guest Host covering a range of issues including the ongoing euro crisis.
    Link to programme

    News Posted: 25/05/2010      [Back to the Top]

    BBC World News

    World Business Report

    Linda Yueh interviewed on the UK public spending cuts.

    This interview was broadcast on BBC World News on 24 May 2010(No link avaliable).

    Also on:
    BBC 2 “Working Lunch”
    Linda Yueh speaking on the UK public spending cuts. Link

    Bloomberg TV News “The Pulse with Andrea Catherwood”
    Linda Yueh interviewed, commenting on China-U.S. relations and UK public spending cuts (9.00 & 10.00 BST shows). Link

    Voice of America News (radio)
    Volcanic Ash Could Threaten Europe's Peak Tourist Season Linda Yueh interviewed. Link

    News Posted: 24/05/2010      [Back to the Top]

    Sky News

    Weekend Lunchtime

    Linda Yueh was interviewed, speaking on the European economies: UK and the euro crisis.

    This interview was broadcast on Sky News on 23 May 2010 (no link avaliable)

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 23/05/2010      [Back to the Top]

    BBC Radio 5

    Election Special

    Linda Yueh on General Election expert panel in the "Economic reality check" segment.

    This interview was broadcast on 6 May 2010 on BBC Radio 5. (no link avaliable)

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage

    News Posted: 07/05/2010      [Back to the Top]

    BBC Radio Oxford

    Linda Yueh

    Linda Yueh interviewed, to comment on the economic implications of the General Election

    This interview was broadcast on 6 May 2010 on BBC Radio Oxford (no link avaliable).

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage


    News Posted: 06/05/2010      [Back to the Top]

    New York Times

    Cities do it better

    An abundance of employers also enables young workers to find their life’s calling by experimenting at different jobs — waiting tables, acting on Broadway, trading long bonds, etc. Henry Overman and Diego Puga’s chapter in Agglomeration Economics, tests this idea, which is often called “labor pooling.”

    This article appeared in the New York Times on 27 Aptil 2010 Link to article

    Related links
    Henry Overman webpage
    Diego Puga webpage
    SERC website webpage
    Globalisation Programme webpage

    News Posted: 27/04/2010      [Back to the Top]

    ABC (Australia)

    Newsline

    Linda Yueh interviewed for programme, to comment on the state of the global economy following the G20 finance ministers’ meeting focused on the Greece debt crisis and proposed banking regulatory reforms.

    This interview was broadcast on ABC Australia on 26 April 2010. (No link avalible)

    Related links
    Linda Yueh webpage
    Globalisation Programme webpage


    News Posted: 26/04/2010      [Back to the Top]

    BBC Radio 4

    Today

    Linda Yueh was interviewed on Radio 4 on 23 April 2010, commenting on the economic implications of a hung UK Parliament.

    Also on:
    BBC Radio 5 "Victoria Derbyshire"
    Interviewed for the programme, co