Skip to main content

Bloomberg Politics:
Here are the places in the UK that will be hit hardest by Brexit

27 July 2017

Brexit will hit Scottish oil capital Aberdeen the hardest of all Britain’s cities, with London also ranking highly and facing a medium-term blow to economic output of as much as 2.6 percent, academics at the London School of Economics said. The researchers estimated that output in U.K. cities -- using a measure called gross value added -- will decline 2.3 percent on average, assuming a hard Brexit in which Britain trades with the European Union under World Trade Organization rules and tariffs. The drop under a soft Brexit, with a negotiated zero-tariff free-trade area but an increase in border controls and customs checks, was projected to be 1.2 percent lower.

Related publications

‘The Local Economic Effects of Brexit’, Swati Dhingra, Stephen Machin and Henry Overman, CEP Brexit Analysis Paper No.10, July 2017

http://cep.lse.ac.uk/pubs/download/brexit10.pdf

‘Brexit, Trade and the Economic Impacts on UK Cities’, Naomi Clayton and Henry Overman, Centre for Cities briefing, July 2017

http://www.centreforcities.org/wp-content/uploads/2017/07/17-07-26-Brexit-trade-and-the-economic-impacts-on-UK-cities.pdf

Read more... Bloomberg Politics