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.
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Peter joined in 2009. He has published several papers on the microeconomics of household spending and labour supply decisions over the life-cycle.
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