The Brexit dynamics: British and EU27 challenges after the EU referendum

This Intereconomics article is available for free at this page after an embargo period of two years. Reading it before then is possible via SpringerLink.

Further information about Intereconomics

Intereconomics publishes papers dealing with economic and social policy issues in or affecting Europe. The journal consists of the sections Editorial, Forum, Articles, and Letter from America.

The Editorial contains brief comments on current questions of economic policy.

In the Forum, several authors (researchers, politicians, representatives of trade unions and of employers associations, etc.) voice their opinions on one particular current economic policy problem.

The Articles deal with economic policy issues and trends. They are mostly written by economic researchers.

In the Letter from America, an economist from the US provides analysis of economic issues of transatlantic interest.

Intereconomics has an editorial process which allows it to quickly publish timely papers while they can still inform and influence policy makers. The editorial board of Intereconomics works in close cooperation with the editorial board of its sister publication Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik, which is published in German.Abstract:

Prior to the Brexit referendum, the UK government sent an information brochure to households across the country. Surprisingly, key findings of a study by the UK Treasury – including an expected per capita income loss of £1800 – were not included in the brochure. Calculations indicate that if this information had been included, the outcome of the referendum would have been 52.1% for Remain. Instead, the pro-Brexit campaign utilised anti-immigrant rhetoric to create a scapegoat for the under-provision of local public services, when actually this was due to massive cuts in budget transfers to local communities after the financial crisis. Looking ahead, major reforms are now necessary if the EU is not to disintegrate. Given the fresh support in the UK and US for banking deregulation, the EU must stand firm in support of prudential supervision and banking regulation to prevent a new international banking crisis.

• Primary Source

Intereconomics: Archive http://archive.intereconomics.eu/years/

SpringerLink: Intereconomics http://link.springer.com/journal/10272

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

---