The potential consequences of Brexit

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For the last five months the country has, understandably, been focused on the health and economic consequences of the COVID-19 pandemic. It is already having a huge effect on the economy, on employment and on the public finances.

All the while, though, the government has been preparing for the reality of Brexit; not the formal Brexit that happened back in January, but the new trading relationship which will come into force at the end of this year. That too, whatever the final deal, will cause deep and fundamental changes to our economy and to jobs, earnings and incomes.

In this episode, we speak to Peter Levell, Senior Research Economist at IFS and expert in the economics of Brexit, to look at how the significant change in our trading relationship with Europe will affect the UK.