|Author (Person)||Busch, Berthold, Matthes, Jürgen|
|Series Title||CESifo Forum|
|Series Details||Vol.17, No.2, June 2016|
|Publication Date||June 2016|
|Content Type||Journal | Series | Blog|
The results of the British referendum in June 2016 in favour of a Brexit have left the British public in dire need of reliable insights into the economic impact of this historical caesura.
In the short term, higher uncertainty has already dented investor and consumer sentiment and has also led to a significant fall in the British pound. As far as the impact in the longer term is concerned, the Brexiteers allege that a Brexit will benefit Britain while ‘Remain’-
Such diverging forecasts call for sound economic research to clarify the net effects of a Brexit.
The authors warn of sizeable net economic long term costs to Britain.
|Countries / Regions||United Kingdom|