Brexit

Pound in your pocket

Almost half a century ago, Prime Minister Harold Wilson told the country:  "From now the pound abroad is worth 14% or so less in terms of other currencies. It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.”

The consensus on modelling Brexit

In recent weeks there have been a number of high-profile reports on the economic consequences of a vote to leave the European Union. Among others, the OECD, HM Treasury and we, at the National Institute, have all now published estimates of what the economic landscape might look like in the immediate aftermath of a leave vote on June 23rd. ¹ NIESR’s analysis of the short and long-run impact can be found here, Baker et al (2016).

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