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The Economics of Brexit

The programme of research examines and evaluates economic evidence relating to European integration, the impact of Brexit and develops potential policy solutions to deliver enhanced performance.

This research project builds upon a quarter of a century of work examining the economics of European integration and subsequently Brexit. It examines the evidence relating to Brexit (i.e. trade, investment, regulation, migration and labour market factors, fiscal and broader economic policy options) evaluates the strengths and weaknesses of the academic literature which has expanded rapidly on this topic. The project seeks to determine the likely economic impact arising from Brexit and indicate those areas where government policy can enhance future economic development post-Brexit.

Research team


Presentation(s) made on ‘trade relations and economic impact’ sessions at the Parliamentary conference, held in Portcullis House on the 10 November 2016, and organised by the Parliamentary Office of Science and Technology (POST), the Commons Library and Parliament’s Universities Outreach team.

Provision of advice on Brexit to trade unions, civil servants, Members of Parliament and members of the Shadow Cabinet.

Research cited in a House of Lords debate concerning the future relationship between Britain and the European Union (Lords Hansard, 21 June 2005, column 1585).

Invited presentations made at two Labour Party fringe meetings, discussing macroeconomic policy after Brexit, organised by Policy Exchange (2016, 2018).

Whyman’s most recent published work has been cited in: The Today Programme (25/6/2016), the BBC World Service (17/1/2017), the Wall Street Journal (2/8/2016), The Guardian (30/9/2018, 12/6/2015), the Japanese newspaper Hokkaido Shimbun Press (circulation approx. 1.6 million, 23/5/2016), the Argentinian newspaper Argentinian newspaper Buenos Aires Económico (Infobae, April 2021), alongside professional publications such as Public Service Review (2/2016), Marketwatch (2/8/2016), Research Fortnightly (21/6/2016, 24/6/2016, 11/12/2017) and Supply Management (23/5/2016). Previous publications have been quoted in The Economist, The Financial Times, The Guardian, The Daily Mail, The Observer, The Telegraph (8/9/2014), The Sunday Telegraph, The Sunday Times, The Yorkshire Post, A Week in Politics (Channel Four, 18/5/96), Newsnight (BBC, 15/5/96).

Whyman, P.B. and Petrescu, A.I. (2021), The Economics of Brexit – Revisited, Palgrave, Basingstoke.

Whyman, P.B. and Petrescu, A.I. (2017), The Economics of Brexit: A Cost-Benefit Analysis of the UK’s Economic Relationship with the EU, Palgrave, Basingstoke.

Whyman, P.B. (2018), Rethinking Economic and Monetary Union in Europe: A Post-Keynesian Alternative, Routledge, Abingdon.

Whyman, P.B. (2018), The Left Case for Brexit: Active Government for an Independent UK, CIVITAS, London.

Whyman, P.B. (2018), ‘Brexit: A Cliff Edge or a Small Bump in the Road?’, Political Quarterly, 89(2): 298-305.

Whyman, P.B. (2017), ‘Economic Implications of Alternative Trade Relationships: Post-Brexit Options for the UK’, in Cabral, N., Gonçalves, R. and Rodrigues, C. (ed.), After Brexit: Consequences for the European Union, Palgrave, Basingstoke, 189-214.

Baimbridge, M. and Whyman, P.B. (2015), Crisis in the Eurozone, Palgrave, Basingstoke.

Whyman, P.B. (2015), ‘Keynes and the International Clearing Union: a possible model for Eurozone reform?’, Journal of Common Market Studies, 53(2): 399-415.

Whyman, P.B., Baimbridge, M. and Mullen, A. (2014), The Political Economy of the European Social Model, Routledge, Abingdon.

Further information

Please contact one of the research team for further information