The Times (Northern Ireland):
Brexit dogma must be challenged
26 January 2018
The intervention in the Brexit debate by the Confederation of British Industry (CBI) this week, coming out in support of Britain remaining in a customs union, is timely. ... The idea that a UK free to negotiate unilaterally its own trade deals with the rest of the world will deliver an economic windfall is deeply misguided. In fact, analysis by the London School of Economics presents a depressing alternative vista. The introduction of significant trade barriers between the UK and the EU could seriously disrupt existing trade flows, leading to a fall in UK household income of £1,700 annually. Even a relatively benign outcome to talks could result in annual household income dropping by £850.
Related publications
‘Life after BREXIT: What are the UK’s options outside the European Union?’, Swati Dhingra and Thomas Sampson, CEP Brexit Analyses, Paper No.1, February 2016
http://cep.lse.ac.uk/pubs/download/brexit01.pdf