CEP News: The Week: The EU isn't snookering Britain. Britain is hoodwinking the EU

The Week:
The EU isn't snookering Britain. Britain is hoodwinking the EU

22 June 2016

Britain never joined the euro currency union, freeing it of all sorts of complicated policy commitments that the rest of the EU is obliged to abide by. But despite staying on the pound, Britain still has full access to Europe's ''single market''. Essentially, this single market allows all EU member countries to move goods, services, capital, and people between each other without barrier, tax, or tariff. ''That single market is about half a billion people,'' [John] Van Reenen said. It's an open question just how much benefit national economies derive from being able to participate in this sort of free trade. But they clearly derive some benefit. And Van Reenen's group thinks it's a lot.

This article was published online by The Week on June 22, 2016
Link to article here

Related publications
Brexit: the final assessment, John Van Reenen. Article in CentrePiece Volume 21, Issue 1, Summer 2016
BREXIT 2016: Policy Analysis from the Centre for Economic Performance, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, June 2016

Related links
John Van Reenen webpage
Growth Programme webpage

The Week:The EU isn't snookering Britain. Britain is hoodwinking the EU

The Week:
The EU isn't snookering Britain. Britain is hoodwinking the EU