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Which Groups Will Suffer Most as a Consequence of Brexit?

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Which Groups Will Suffer Most as a Consequence of Brexit?

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Brexit’s knock-on effects in the United Kingdom will vary by region, industry and other factors.

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Recommendation

Expert consensus has it that Brexit will hurt the United Kingdom’s economy in the near term, and British industries and communities that trade extensively with the European Union will feel the most pain. According to economist Kitty Stewart in this discerning review, the government must step in to aid the regions and sectors expected to experience the worst effects of Brexit. UK residents, whether in the leave or remain contingents, along with policy experts and regulators on both sides of the Channel, will appreciate the insights of this cogent study.

Summary

In whatever form it unfolds, Brexit will disrupt the United Kingdom.

Household incomes could drop across the economic spectrum, and the pound could weaken for the long term. Ultimately, new trade barriers arising as a consequence of the departure from the European Union will determine the severity of these results. And unquestionably, the effects will reach across the UK’s regions, industries and socioeconomic segments.

Regional and sector effects tell different stories, depending on the source.

UK officials estimate that Northern...

About the Author

Kitty Stewart is an associate professor at the London School of Economics, where she is also an associate director of the Centre for Analysis of Social Exclusion (CASE).

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