The Market Mogul:
Consequences of a Brexit
9 July 2015
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