Macroeconomics: UK economy, IB Economics

I'd recommend all of my students read this article: the costs of Brexit laid bare, and wonder as to why there's not more public discussion of this. 

However, you choose to slice this, UK-EU trade has fallen, but some of the other effects of Brexit appear to have gone unnoticed. Yet if you look at various pieces of research from Ireland's Economic and Social Research Institute (EISR), as well as LSE and Resolution Foundation data, it is also clear that Brexit is also going to adversely affect Britain's already poor productivity. 

So why is nobody talking about this? I fear that in denouncing the role of experts, we've moved to a more ignorant world where the prevailing view cannot be countered. Even when it's wrong. 

One for the "We're All in this Together" file, with young workers more than twice as likely to have lost their jobs in the past two months, according to research from the London School of Economics.

And I hope that you are all aware of why this is potentially so much more costly than more general unemployment... 

A joint project by the Resolution Foundation and LSE suggests that the UK needs to take steps to ensure that the UK economy doesn't suffer the same fate as Italy by 2030: better weather, tastier food, a better quality of life and nightly passeggiata. Or economic stagnation. 

It identifies the five factors likely to push the UK economy towards stagnation: Brexit, COVID, net zero and demographic change and argues that the government needs to think about decisive action to formulate economic policy rather than a reliance upon high-blown, but empty, rhetoric. 

It's rare that I 'scoop' something from a blog - hat-tip to LSE - but this is one of the simplest explanations of the impact of Brexit on trade that I've come across.