International Business Times:
EU referendum: price tag of Brexit could be #100bn as trade deals become undone
23 June 2015
Yet not only would it take years for the UK to reach new agreements, it is not as likely to strike a good deal. The ''UK's bargaining position would be much weaker as it would be negotiating over access to its own market and not the EU internal market'', according to John Van Reenen, director of the Centre for Economic Performance at the London School of Economics. Last year he co-authored a report titled 'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union'. ''It's one of the many areas,'' he continued, ''where people do not appreciate the economic benefits of being within a bigger bloc.''
This article was published online by the International Business Times on June 23, 2015
Link to article here
Related publications
Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP Policy Analysis No.16, May 2014
Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage