Times of Tunbridge Wells:
Report claims Brexit will sting whatever guise it comes in?
16 August 2017
THE economies of both Tunbridge Wells and Tonbridge will suffer in the coming years due to Brexit, a new report by the London School of Economics claims. Titled The Local Economic Effects of Brexit, the study shows every authority in the UK will see its prosperity curtailed regardless of whether it is a ‘hard’ or ‘soft’ Brexit. According to the report, if the UK was to undertake a ‘hard Brexit’, then in the ten years after crashing out of the EU the economy of Tunbridge Wells will be 2.6 per cent smaller than if it had stayed in. … The report’s authors, who work for the university’s Centre for Economic Performance, state they have modelled their estimates on ‘medium to long run impact of changes to trade costs’, and have ignored effects on innovation, immigration and inward investment.
Related publications
‘Brexit, Trade and the Economic Impacts on UK Cities’, Naomi Clayton and Henry Overman, Centre for Cities briefing, July 2017