Skip to main content

Economia:
The economic consequences of a UK exit from the EU

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 a British exit. The UK'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 labour and product markets are already among the freest in the world.

This article was published by Economia on May 16, 2016
Link to article here

Related publications
The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.02, March 2016.
Download the accompanying Technical Paper here
See the complete CEP Brexit Analysis Series 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... Economia