Taking a macroeconomic perspective, Paul Welfens reflects what the findings of his book ‘An Accidental Brexit’ mean in light of new developments in the Brexit negotiations. He argues that if the true economic consequences had been known, the referendum would have turned out differently and shows the potential pitfalls of the ‘Global Britain’ approach to international trade.
The joint statement by PM May and President of the European Commission Juncker on 8 December declared: there is a basic agreement on the ‘Exit Treaty’, including a UK payment of £35 to £39 billion and the British promise to avoid a hard border regime in Northern Ireland. Hence, Stage II of the negotiations can start in the near future. An exit treaty opens up options to avoid a No-Deal Brexit which would bring a net welfare loss of approximately 16% of UK real income as estimated by the European Institute for International Economic Relations (Discussion Paper 234).
In a report published this week Piet Eeckhout and Oliver Patel assess the options for a Brexit transitional arrangement. They argue that the most realistic option is for the full body of EU law to continue to apply in the UK, while the UK simultaneously ceases to be an EU member state. The report’s conclusions are summarised here.
Environmental standards and accountability in the UK are profoundly shaped by EU legislation and policy, even the very softest of Brexits will expose gaps in the UK’s governance framework. Maria Lee, Professor of Law and co-director of the UCL Centre for Law and Environment, argues that new mechanisms are required to ensure accountability and protection of the environment in the UK after Brexit.
For four decades, EU legislation and policy has profoundly shaped the protection of the UK environment. It’s hard to predict exactly what Brexit will mean for Britain’s beaches, air pollution, recycling standards or wildlife conservation – but there is no doubt it will be significant. Continue reading →
The Leave and Remain campaigns defined British ‘Greatness’ in very different ways. The referendum reflects more than attitudes toward EU membership — it marks a new understanding of Britain’s role in the world, as Benjamin Martill, Dahrendorf Postdoctoral Fellow at the LSE, argues in this piece. The end of the postwar consensus of liberal internationalism has important implications and needs to be taken seriously.
The ‘Great’ in Great Britain is a geographical term identifying it as the larger of the two Britains – the other being Brittany in France, once known as Britannia minor. But this is not the way many Brits interpret the term. For greatness has also become a political category, referring not to British territory but to its venerable national attributes and its reputation on the international stage. What, we are often asked, makes Britain ‘great’? Continue reading →
What do young people in the UK – who overwhelmingly voted Remain – make of the outcome of the Brexit referendum, and how is it affecting their life plans? Avril Keating, Director of the Centre for Global Youth, UCL Institute of Education, heads a research project examining the impact of Brexit on young people. Some initial findings are presented here.
In the immediate aftermath of the EU referendum, much was made of how devastated young people were by the result. A survey by Lord Ashcroft suggested that over 70% of young people aged 18-24 voted Remain, while almost 60% of over 55s voted to Leave.