A Sequencing of the Economic Effects of Brexit

Chapter

Abstract

Welfens investigates the economic effects of Brexit since 2016 and provides an outlook on the likely effects still to come in 2017–2019 and what these may cost. It is shown that the short-term economic effects of the referendum are quite small while the long-run effects are quite considerable for the UK and the EU. So far, there has been a lack of economic understanding of the dynamics of regional economic disintegration, both in Europe and beyond (e.g., ASEAN and Mercosur). The non-provision of basic economic information to voters is examined in detail and questions raised about the role of the Cameron government and Her Majesty’s Treasury. Using methodology from political-economy, it is shown that result could easily have been a vote for Remain.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Faculty of Economics and Social SciencesBergischen Universität WuppertalWuppertalGermany

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