What would a no-deal Brexit mean for the UK?
|Date:||01 March 2018|
Is no deal really better than a bad deal? Economists at the University of Groningen's Faculty of Economics and Business used our databases of trade flows between European regions to find out.
This reseach measures the effect of Brexit on 54 sectors in the worst-case scenario. Professor Bart Los explains the headline results in this new video: as much as 8.5% of the UK's GDP is exposed to Brexit risks, and approximately 2.5 million jobs at risk.
To find out more, read this blog by Los and his colleagues on the study, Wen Chen, the University of Sheffield, Management School's Philip McCann, and Raquel Ortega-Argiles of the University of Birmingham, Birmingham Business School and City-REDI.