Swati Dhingra
Assistant professor at the department of economics at the London School of Economics, researching international economics, globalisation and industrial policy, she is co-author of Life after Brexit, a report by LSE's centre for economic performance
After Brexit UK businesses would be less competitive within the EU market because they would face higher non-tariff barriers such as rules of origin and the costs of divergence in regulations. Potentially, UK businesses would also face tariffs when exporting to the EU and to countries with which the EU has negotiated trade agreements. If the business relies heavily on imports from the EU or the EU's trade agreement partners, then it would have to pay higher costs for its inputs. The EU is the UK's biggest trade and investment partner, so these higher trade barriers would make UK businesses less competitive. ...

John Van Reenen
Director of the Centre for Economic Performance, London School of Economics.
In the short run, it is likely there would be negative shocks as uncertainty spikes while we negotiate new trading arrangements with the EU and the rest of the world. This has potential to hurt investment and hiring. In the longer run, there would be an increase in trade costs as we would have a looser relationship with the EU single market. This could potentially cause a fall in overall trade and in foreign investment, which could in turn depress productivity. Second, access to EU migrants, who provide a valuable source of skills to EU businesses, would be restricted. ...

This article was published online by the Guardian on June 7, 2016
Link to article here

Related publications
See the complete set of CEP Brexit Analysis research papers here

Related links
Swati Dhingra webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage

Read more... Guardian