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

27 April 2016

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

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