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Project Syndicate:
The economic consequences of Brexit

16 May 2016

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

Read more... Project Syndicate