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EU Referendum 2016: What will happen to your money now we've voted to Brexit?

24 June 2016

So we've decided to take a leap and vote to leave the EU. What is it going to mean for you and your money? We've voted. The decision has been made. We're out of the European Union, in a move that has triggered the Prime Minister's resignation. Where do we go from here? Both the Leave and Remain campaigns were very vocal about what would happen if we left the EU. Here's a look at what has already happened this morning, and what might lie ahead for your finances. ...
Economists for Brexit's Patrick Minford said that Remainers were thinking about the departure in the wrong way: ''Osborne has false assumptions about what Brexit would be, condemning us to less free trade than we have at the moment,'' he said in the build-up to the referendum. ''EU firms will not like us leaving and selling into a market which is more competitive. It's time for our industries to adjust.'' Minford said that the economy would be more dynamic and more efficient now that we're out of the EU. Swati Dhingra disagreed, saying that the economy would suffer because of a shallower pool of talent from other EU countries. ''People come here young and able to work,'' she said. Contrary to the red tape rhetoric, Dhingra says that Britain is one of the most regulation-free markets in the world - right up there with the USA and Canada.

This article was published online by LoveMoney.com on June 24, 2016
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Related publications
Full series of CEP Brexit Analyses can be seen here

Related links
Swati Dhingra webpage
Trade Programme webpage

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