United Kingdom - Assessment of Brexit consequences - January 31, 2018
The mayor of London commissioned research on the Brexit to Cambridge Econometrics. The study ‘Preparing for Brexit’ provides an insight into the local economic impacts of the exit from the EU. The report is the first comprehensive assessment of Brexit across key indicators and sectors at a sub-national level and reveals a spread of impacts under five different scenarios, ranging from a status quo (where the UK remains in the Single Market and Customs Union) to an extreme no-deal (WTO rules) outcome. London is expected to experience a loss of 30,500 people in employment under the ‘softest’ scenario, rising to 87,000 under the ‘hardest’ scenario, by 2030. However, it is not expected to be as negatively affected as the rest of the country.
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