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Daily Business: May?s Brexit deal `could slash growth by 5.5% over decade?
27 November 2018
The economic modelling in the report covers trade and migration. For trade, researchers at LSE's entre for Economic Performance used a state-of-the-art model of global trade. They assumed that the deal means that the UK remains in a customs union with the EU, but leaves the single market (as per the backstop arrangement), and regulatory barriers to both goods and services trade increase as a result. Under a no deal scenario, such barriers would be considerably higher, says the report.