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A Successful Brexit

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A Successful Brexit

Four Economic Tests

The UK in a Changing Europe,

5 min read
5 take-aways
Audio & text

What's inside?

Evaluating the success of Brexit must go beyond political rhetoric.

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Editorial Rating

8

Qualities

  • Engaging

Recommendation

The aspirations involved in Brexit are far-reaching and complex, and any measures to gauge the initiative’s success or failure must have broad acceptance across British society. This succinct socioeconomic blueprint from researchers Anand Menon, Angus Armstrong, Catherine Barnard, Iain Begg and Jonathan Portes poses the questions that Brexit needs to satisfy and tackles the intricacies of outcome evaluation for the United Kingdom. The authors provide a framework for four tests covering the objectives of economic openness and performance, quality of life, and democracy. getAbstract recommends this cogently written report not only to British citizens and policy makers but also to economists, policy analysts and global denizens of all stripes.

Summary

The impact of Brexit will reverberate for decades, so Britons must share an understanding of how to judge its success. To this end, widely agreed upon and measurable criteria are critical in evaluating outcomes. Those requirements need to encompass the British government’s plans, the European Union’s policy stance and the separation terms that eventually ensue from negotiations. A framework consisting of four tests will help evaluate the decision’s achievements:

  • “The economy and public finances” – The improvement of the UK economy and its fiscal position...

About the Authors

Anand Menon et al. are with The UK in a Changing Europe, an independent consultancy.

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