Social Sciences
4 years ago

Brexit Could Lead to 3.1% Drop in UK Income per Capita

RePEc: Research Papers in Economics
Should We Stay or Should We Go? The economic consequences of leaving the EU
Swati Dhingra, Gianmarco I.P. Ottaviano, Thomas Sampson

Paper Summary

The article looks at how Brexit could affect the UK economy. If trade barriers with the EU increase, UK income per person could drop by 1.1% in a best-case scenario and 3.1% in a worst-case scenario. Brexit could also lead to higher costs from foreign investment and migration. After Brexit, the UK might miss out on future free trade deals with the EU, like the one being negotiated with the US.

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