UK economy: Brexit trade-off assessed ten years after referendum (ukandeu.ac.uk)
0xBASE INTEL BRIEF
- GDP several percentage points lower due to reduced trade and investment.
- Goods trade with EU down 10–15%; services sector faces new barriers.
- EU migration fell sharply but non-EU migration more than compensated.
"Ten years after the EU referendum, the UK economy is smaller than it would have been without Brexit, according to an analysis by UK in a Changing Europe. GDP is estimated to be several percentage points lower, primarily due to reduced trade intensity, lower investment, and productivity drag. Goods trade with the EU is down 10–15%, while services trade shows mixed results. Migration shifted from EU to non-EU sources. Regulatory autonomy gains have not materialized."
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