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Brexit

Reasons to be cheerful

Ian Marcousé looks at how business and the economy might develop after the UK leaves the European Union

Brexit is looming, and the vast majority of economists regard it as a strongly negative influence on the UK’s future. In September 2018 economists at the UBS bank in Switzerland estimated that the vote to withdraw had already cost the economy a 2.1% shortfall in GDP — a figure worth around £22 billion. Then in late November a well-respected think tank suggested that Brexit will leave the UK £100 billion a year worse off by 2030.

But every honest economist knows that the future is never knowable. So let’s push the negativity to one side, and think about what might go right.

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