The impact of Brexit on the UK economy

Abstract

The impact of Brexit on the UK economy Sarah Hall, Professor of Economic Geography at the University of Nottingham, charts the impact of Brexit on the UK economy and identifies opportunities for future developments. Since the UK left the EU at the end of the Brexit transition period, the terms of UK-EU trade have been governed through the EU-UK Trade and Cooperation Agreement (TCA). It is still relatively early in implementing the TCA to assess its economic impacts on the UK economy fully. Assessing the implications of the TCA is also complicated because it has been implemented in the wake of the COVID-19 pandemic and the Russian invasion of Ukraine. However, there is growing interest, both politically and publicly in understanding the impacts of the TCA particularly given the ongoing sluggish UK economic growth rates and low productivity since the 2007-08 financial crisis.