Key Issues for the New British Government



Welfens offers a summary of the change of Prime Minister in the UK as David Cameron resigns and Theresa May assumes office. Did EU hesitancy on the Transatlantic Trade and Investment Partnership (TTIP) push the UK toward Brexit? Welfens analyzes the claim that the UK can make a success of going it alone by seeking free trade with the US, China, Canada, Australia, Brazil, and India, among others, as was suggested by David Davis. Welfens also argues that Brexit will mean more globalization rather than less. The partly contradictory approach of the new government is examined, where more liberalization could result in the United Kingdom economy which results in a less equal society rather than benefit everybody.


  1. Aichele, R., & Felbermayr, G. (2015). Costs and benefits of a United Kingdom exit from the European Union. Gütersloh: Ifo Study for the Bertelsmann Foundation.Google Scholar
  2. Davis, D. (2016). David Davis’ speech on Brexit at the Institute of Chartered Engineers, delivered February 4, 2016, transcript
  3. Jaumotte, F., Lall, S., & Papageorgiou, C. (2008). Rising Income Inequality: Technology, or Trade and Financial Globalization. IMF Working Paper WP/08/185, Washington, DC.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

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

Personalised recommendations