The UK's vote to leave the European Union is a pivotal moment in British history. Over the past forty years, the UK's economy has become increasingly intertwined and dependent on its relationship with the other EU member states with both the EU and the UK's economic landscape irrevocably fashioned by its membership. Brexit takes both parties into uncharted territory. At such a time of uncertainty, what can we say for certain about the UK's economic relationship with the EU and what might be the likely flashpoints for negotiations and the unintended consequences of Brexit? This collection of essays explores the ramifications of the Brexit decision for the UK and European economies. The contributors, who all draw on long experience of policy-oriented research on the British economy within the European Union, consider the impact, at least in the short term, of a weaker and less influential UK economy. With the UK's withdrawal negotiations likely to last for at least the next two years, and the potential for other calls for referendums in other member states, the economic consequences of leaving the European Union are set to dominate politics in the UK and Europe well in to the future. These essays provide an important first step in assessing the threats and challenges that a Brexit poses for the UK and wider EU economy and will be welcome reading for anyone in search of some rigor and clarity amid the hyperbole of recent months.

"This volume derives in part from discussions at Brexit: European Dimensions, hosted by Open University's Political Economy Research Group and the Urban and Regional Research Seminar Group held in London in June 2016 .. "--page vii.

Includes bibliographical references and index.

Pt. I. Economic dimensions of Brexit. Examining consequences for trade : integration and disintegration effects / Edgar L.W. Morgenroth ; Brexit and the discreet charm of haute finance / Jan Toporowski ; What does Brexit mean for UK automotive and industrial policy? David Bailey and Lisa De Propris ; Future regulation of the UK workforce / Sukhwinder Salh, Margarita Nyfoundi and Alex de Ruyter -- Pt. II. Territorial dimensions of Brexit. The exit connection : Europe's new Polanyian moment / Dimitris P. Sotiropoulos and John Milios ; A Scottish perspective : charting a path through the rubble / Jim Gallagher ; Stalling or breaking? Northern Ireland's economy in the balance / Leslie Budd ; Brexit and regional development in the UK : what future for regional policy after structural funds? / John Bachtler ; What does Brexit mean for the European union? / Tim Oliver.

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