Bloomberg News:
No Brexit Deal `Worst-Case Scenario' for U.K. Economy, CEP Says
31 May 2017
According to the Centre for Economic Performance, leaving the European Union with no pact in place would have twice the negative economic impact as remaining in the single market. That’s at odds with Prime Minister Theresa May’s repeated assertion that “no deal is better than a bad deal.”
“While it is a tautology that a sufficiently bad deal must be worse than no deal, in practice the no-deal outcome, where the U.K. and EU trade under WTO terms, is the worst-case scenario for the U.K. economy,” CEP economists Swati Dhingra and Thomas Sampson said in a report published Wednesday.
Related publications
CEP Election Analysis: ‘Brexit and the UK Economy’, Swati Dhingra and Thomas Sampson. May 2017 Paper No' CEPEA040: http://cep.lse.ac.uk/pubs/download/ea040.pdf
CEP BREXIT Analysis: ‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen. March 2016. http://cep.lse.ac.uk/pubs/download/brexit02.pdf
Related links
CEP Brexit 2016 webpage: http://cep.lse.ac.uk/brexit/
CEP Election 2017 webpage: http://cep.lse.ac.uk/election2017/default.asp