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Brexit will exacerbate long-term challenges facing the UK economy

Dhingra, Swati, Fry, Emily, Hale, Sophie and Jia, Ningyuan (2022) Brexit will exacerbate long-term challenges facing the UK economy. LSE Business Review (24 Jun 2022). Blog Entry.

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Abstract

Leaving the EU represents the largest change in the UK’s relationship with the rest of the world in half a century. The impact won’t be a one-off event. Structural changes will take place over the long term, as capital and labour adjust to the new trading arrangements. Household incomes will decrease as a result of a weaker pound and lower investment and trade. But we should not expect changes to the UK’s overall services focus and export specialisation. Swati Dhingra, Emily Fry, Sophie Hale, and Ningyuan Jia write that understanding the scale and nature of this change, and the extent of progress so far, is crucial for policymakers looking to reset the country’s economic strategy.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2022 The Authors
Divisions: LSE
Economics
Centre for Economic Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Date Deposited: 25 Aug 2022 08:09
Last Modified: 25 Aug 2022 08:09
URI: http://eprints.lse.ac.uk/id/eprint/116063

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