Blog: November 2019
Given the febrile nature of the debate over Brexit in the run-up to one of the most contentious general elections in recent memory, it is hardly surprising that NIESR’s well received and widely-accepted analysis of the impact on the UK economy and people’s livelihoods of leaving the European Union has been criticised in some quarters.
Brexit will require the UK to change its international trading relations. New norms will need to be established both for trade with continental Europe and other trading partners. New partnerships will need to be established. The UK may no longer remain a member the European Customs Union and the Single Market and may not be able to rely on trading arrangements that have been built up through membership of the Union or Single Market. The gravitational pull of the European market will remain.