Podcast of Rob Lyons' opening remarks from this week's Institute of Ideas Economy Forum The vote to leave the European Union has left the world’s economic experts, politicians and economic officials stunned. Voters were told that leaving the EU would hit the UK economy hard, with the only question being over what future arrangements might be made with the EU. If the UK negotiates membership of the European Economic Area, the so-called ‘Norway option’, then trade would be largely unaffected. But such a deal would almost certainly require the UK continuing to allow free movement of EU citizens into the UK, something that is currently regarded as politically contentious. The alternatives, from a Swiss-style bespoke arrangement to a situation with no deal at all, with trade governed by World Trade Organization rules, seem to offer a sliding scale from ‘very negative’ to ‘disastrous’.
#EconomyForum: The UK economy after Brexit
#EconomyForum: The UK economy after Brexit
#EconomyForum: The UK economy after Brexit
Podcast of Rob Lyons' opening remarks from this week's Institute of Ideas Economy Forum The vote to leave the European Union has left the world’s economic experts, politicians and economic officials stunned. Voters were told that leaving the EU would hit the UK economy hard, with the only question being over what future arrangements might be made with the EU. If the UK negotiates membership of the European Economic Area, the so-called ‘Norway option’, then trade would be largely unaffected. But such a deal would almost certainly require the UK continuing to allow free movement of EU citizens into the UK, something that is currently regarded as politically contentious. The alternatives, from a Swiss-style bespoke arrangement to a situation with no deal at all, with trade governed by World Trade Organization rules, seem to offer a sliding scale from ‘very negative’ to ‘disastrous’.