CEP News: The Times: Exit from EU 'could hit UK harder than financial crisis'

The Times:
Exit from EU 'could hit UK harder than financial crisis'

17 May 2014

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

The Times:Exit from EU 'could hit UK harder than financial crisis'

The Times:
Exit from EU 'could hit UK harder than financial crisis'