The consequences of Brexit for UK trade and living standards

Dhingra, S.ORCID logo, Ottaviano, G. I. P., Sampson, T.ORCID logo & Reenen, J. V.ORCID logo (2016). The consequences of Brexit for UK trade and living standards. (CEP BREXIT Analysis No.2 CEPBREXIT02). London School of Economics and Political Science. Centre for Economic Performance.
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The economic consequences of leaving the EU will depend on what policies the UK adopts following Brexit. But lower trade due to reduced integration with EU countries is likely to cost the UK economy far more than is gained from lower contributions to the EU budget.

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