living standards

The economic impact on the United Kingdom of a customs union deal with the European Union

In the wake of Parliament’s rejection of the proposed Brexit deal, there have been discussions between the Government and the Labour Party on a customs union as the basis for the future relationship between the United Kingdom and the European Union. This option also gained substantial support in the indicative votes held in the House of Commons in late March and early April. Therefore, even if the Government and the Labour Party cannot reach an agreement, a customs union deal is unlikely to disappear from the agenda any time soon.

The Economic Effects of the Government’s proposed Brexit Deal

Read Garry Young's note on the methodology behind this report here.

 

This report estimates the economic effects of the government’s proposed Brexit deal that was first published on 14 November 2018, and subsequently expanded.