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Vox:
A new eBook: Brexit beckons

1 August 2016

The 23 June 2016 Brexit vote saw British voters reject membership in the European Union. This column introduces a new VoxEU eBook containing 19 essays written by leading economists on a wide array of topics and from a broad range of perspectives.

Trade Policy
The challenges can be useful slotted into three categories:

  • Reconstructing UK-EU trade relations;
  • Disentangling the UK's and the EU's WTO memberships; and
  • Reconstituting the EU's trade agreements with third nations.

  • The first is by far the most important economically, since something over half of the UK's trade in goods and services is with the EU, and the same is true of the UK's foreign investments.
    The chapters by Angus Armstrong, Swati Dhingra and Thomas Sampson, Jim Rollo and Alan Winter, Nicolas Crafts, and Simon Evenett all address various aspects of these three challenges.

    Labour Issues
    The chapters by Jonathan Portes, Brian Bell and Stephen Machin, and Barbara Petrongolo take a look at labour market issues raised by Brexit. ... Bell and Machin show that areas with relatively low median wages were substantially more likely to vote Leave, and discuss the likely implications of Brexit for wage inequality in the future. Petrongolo argues that immigration has had a positive impact on net fiscal receipts without hurting the labour market prospects of UK-born workers, who are therefore unlikely to benefit from any restrictions imposed on immigration from the EU.

    This article was published online by the Vox on August 1, 2016
    Link to article here

    Related publications
    Life after Brexit : What are the UK's options outside the European Union?, Swati Dhingra and Thomas Sampson, CEP Brexit Analysis Series Paper No.01, February 2016
    The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.
    Brexit and Wage Inequality, Brian Bell and Stephen Machin, CEP Brexit Blog, July 2016

    Related links
    Swati Dhingra webpage
    Thomas Sampson webpage
    Trade Programme webpage

    Brian Bell webpage
    Growth Programme webpage

    Stephen Machin webpage
    Barbara Petrongolo webpage
    Labour Markets Programme webpage

    Read more... Vox