Indicative votes – the economics behind the options

3 April 2019 Dr Michael Gasiorek is a Senior Lecturer in Economics at the University of Sussex and a fellow of the UK Trade Policy Observatory. L. Alan Winters CB is Professor of Economics and Director of the Observatory. Understandably the politics surrounding the UK’s exit from the EU are dominating current discussions. But the economics of the options still matter, and it is not always evident how well the core economic issues are understood. In the light of the Government’s ‘approach’ to Labour to find a consensus and in the light of the indicative votes, the aim of this blog is to clearly outline the economic issues and summarise the likely consequences associated with two of the current (indicative) options. […]

By |2019-04-03T11:31:50+01:003 April 2019|UK - Non EU, UK- EU|1 Comment

The UK’s post-Brexit Trade Relationship with the European Union: Through a glass, darkly

10 December 2018 L. Alan Winters CB, Professor of Economics and Director of the UK Trade Policy Observatory  The Brexit Withdrawal Agreement and the Political Declaration are being presented as a means to end the uncertainty about the UK’s future relationship with Europe. But in an explainer for the ESRC’s UK in a Changing Europe, Professor L Alan Winters argues that this is not the case. Uncertainty will continue regardless of what happens to the Withdrawal Agreement. Briefly, he argues that, if the Withdrawal Agreement is approved by Parliament and the EU: The backstop it mandates requires a customs union between the UK and the EU and that most EU regulations for goods will apply in Northern Ireland. However, there is no regulatory alignment between the rest of the UK and the EU and so, if the backstop came into operation, there would be border formalities both in the Irish Sea and as UK goods entered the EU via any other route. Negotiating a trade agreement with the EU will take a lot longer than the 21 months allowed for it in the Withdrawal Agreement, not least because every EU member state has a veto over trade agreements. The Political Declaration [...]

By |2018-12-10T16:39:45+00:0010 December 2018|UK- EU|0 Comments
Go to Top