Trade

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Trade

Showing 21 – 29 of 29 results

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Firms’ supply chains form an important part of UK-EU trade: what does this mean for future trade policy?

Comment

We often think of exports and imports as things made in one country and consumed in another – I export cars to you and import socks you’ve made. In fact the majority of UK exports and imports are now made up of goods or services which are themselves inputs into production. I export engines to your car factory and import cotton to make into socks. This sort of trade is particularly important for understanding the UK’s trade with the EU. In this observation we look at the implications this has for the UK’s future trade policies.

8 January 2018

Journal graphic

The Brexit vote, economics, and economic policy

Journal article

Economics was front and centre during the run-up to the June 2016 referendum on the UK’s membership of the EU. Paul Johnson and Ian Mitchell discuss the economics of Brexit and lessons for the economics profession.

10 March 2017

Publication graphic

The EU single market: the value of membership versus access to the UK

Report

On 23 June 2016, the UK public voted in favour of leaving the European Union. However, important decisions remain about the model for the UK’s relationship with Europe outside of the EU, not least whether the UK seeks to remain a ‘member’ of the Single Market or only seeks (tariff-free) ‘access’. This report looks at exactly what the Single Market is and distinguishes between ‘membership’ and ‘access’, including the impact on the financial services sector. It also considers the potential for new trade deals beyond the EU and assesses the economic and public finance implications of the various options. This should inform the likely trade-offs between the level of access to the Single Market and other negotiating objectives such as control of immigration and budgetary contributions.

10 August 2016

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Leaving the EU would almost certainly damage our economic prospects

Comment

The possible economic consequences of leaving the EU have naturally been a central focus of the referendum campaign. As June 23 draws near we bring together the conclusions from our research on the likely consequences, and reflect on some of the claims made.

20 June 2016