trade

Publication date: 5 Dec 2019 | Publication type: General Election Briefing | Authors: Kara, A, Mao, X, Rincon-Aznar, A

International trade plays a crucial role in fostering economic growth across a wide range of industries at the national and the regional level. The prospects for UK’s international trade are closely tied to the future relationship between the UK and the EU. Voters are being offered a wide spectrum...

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

Publication date: 8 May 2019 | Publication type: Report | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | Authors: Hantzsche, A, Young, G

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 Economic Effects of the Government’s proposed Brexit Deal

Publication date: 26 Nov 2018 | Publication type: Report | Theme: Macroeconomics, Exiting the EU & Britain after Brexit | Authors: Young, G, Hantzsche, A, Kara, A

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. The impact of any Brexit deal can be broken down into two key components...

Measuring the permanent costs of Brexit

Publication date: 4 May 2018 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Erken, H, Hayat, R, Prins, C, Heijmerikx, M, de Vreede, I | JEL classification: F15, F17, F43, D24 | Journal: National Institute Economic Review Issue 244 | Publisher: Sage Publications, London

We analyse the costs of Brexit. The results show that by 2030 a hard Brexit would reduce cumulative GDP growth by 18 percentage points compared to a situation where the UK continued its EU membership. The economic damage in our FTA and soft Brexit scenarios is less severe than in our hard Brexit...

Brexit and the UK automotive industry

Publication date: 1 Nov 2017 | Publication type: National Institute Economic Review | Theme: Trade, Investment & Productivity, Exiting the EU & Britain after Brexit | External authors: Bailey, D, De Propris, L | JEL classification: F13, F23, L23, L52, L62 | Journal: National Institute Economic Review Issue 242 | Publisher: Sage Publications, London

The UK’s automotive industry has been one of the ‘star performers’ of the UK economy in recent years – unlike most other manufacturing sectors. Output has increased by over 60 per cent since 2010 and there has been over £8 billion worth of investment in the industry in the past five years. The...

UK and EU Brief - Trade Brief

Publication date: 7 Jul 2015 | Publication type: Report | Theme: Exiting the EU & Britain after Brexit | Authors: Armstrong, A

Summary data for UK and EU Trade

Integration, globalisation, technology and trade patterns in the EU8

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