Cost of No Deal

Publication Date 01/07/2017
Content Type


Report published by the 'UK in a Changing Europe' research group in July 2017 on the potential consequences should the United Kingdom fail to reach an agreement with the European Union either on withdrawal or trade post-Brexit. The report states that such consequences would be 'widespread, damaging and pervasive'.

Further information:

The report shows that a chaotic Brexit could arise in two ways:

+ A premature Brexit - talks break down acrimoniously with the UK unilaterally ceasing to pay its EU contributions and ending the supremacy of EU law in the UK with immediate effect;

+ A timed out Brexit - talks do not completely break down, but no agreement is reached within the two year period and there is no extension.

A 'no deal' scenario would likely trigger a significant economic impact and serious political ramifications.

Source Link
Related Link(s)
ESO: In Focus: Brexit - The United Kingdom and the European Union
[Blog] UK in a Changing Europe, 20.07.17: Cost of no Brexit deal will be 'widespread, damaging and pervasive' leading academics find
The Guardian, 20.07.17: No-deal Brexit would spawn 'legal morass and economic disaster'
Politico, 20.07.17: No deal on Brexit would have ‘damaging and pervasive’ impact: think tank

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