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The political economy of Brexit

The political economy of Brexit

Budd, Leslie, 1949- editor; Bailey, David, 1966- editor

The UK's vote to leave the European Union is a pivotal moment in British history. Over the past forty years, the UK's economy has become increasingly intertwined and dependent on its relationship with the other EU member states with both the EU and the UK's economic landscape irrevocably fashioned by its membership. Brexit takes both parties into unchartered territory. At such a time of uncertainty, what can we say for certain about the UK's economic relationship with the EU and what might be the likely flashpoints for negotiations and the unintended consequences of Brexit? This collection of essays explores the ramifications of the Brexit decision for the UK and European economies. The contributors, who all draw on long experience of policy-oriented research on the British economy within the European Union, consider the impact, at least in the short term, of a weaker and less influential UK economy. Questions addressed include: What is the likely impact on our already weak manufacturing industries? How will the withdrawal of EU funding for regional development impact on growth and future economic development outside of London and the South East? What is the likely impact on wages and labour regulations? How are relations with our closest EU neighbours likely to develop, critically for Northern Ireland with the Republic of Ireland, and with the biggest economic player, Germany? What of the Scottish question? How will the City, the engine of UK growth in the past decade, maintain its position as Europe's financial centre? And finally, whither the EU? How will it fare without its second largest economy within the Union? With the UK's withdrawal negotiations likely to last for at least the next two years, and the potential for other calls for referendums in other member states, the economic consequences of leaving the European Union are set to dominate politics in the UK and Europe well in to the future. These essays provide an important first step in assessing the threats and challenges that a Brexit poses for the UK and wider EU economy and will be welcome reading for anyone in search of some rigour and clarity amid the hyperbole of recent months

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Published Newcastle upon Tyne: Agenda Publishing, 2017

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Details

Statement of responsibility: edited by David Bailey and Leslie Budd
ISBN: 1911116657, 9781911116653
Note: Includes bibliographical references and index.
Note: "This volume in part derives from discussions at Brexit: European Dimensions, hosted by Open University's Political Economy Research Group and the Urban and Regional Research Seminar Group held in London in June 2016, shortly before the referendum on the UK's membership of the European Union"--Page vii.
Physical Description: xi, 180 pages : illustrations, maps
Subject: Politische Okonomie.; Brexit.; International economic relations.; Great Britain Economic policy 1997-; Great Britain.; Great Britain Foreign economic relations European Union countries.; Politics and government.; Economic history.; European Union countries Foreign economic relations Great Britain.; European Union Great Britain.; Great Britain Politics and government 2007-; Economic policy.; European Union; Economics; Europe European Union countries.; Europe; Great Britain Economic conditions 1997-; Politics & government; Political economy
Reproduction: Electronic reproduction. Askews and Holts. Mode of access: World Wide Web.
Other formats: Also available in printed form ISBN 9781911116639