The BREXIT Dynamics: British and EU27 Challenges after the EU Referendum

Paul Welfens and David Hanrahan

No disbei240, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

Abstract: Summary: The BREXIT dynamics are considerable in a politico-economic perspective. The British referendum of June 23rd, 2016, was a disorderly one as the Cameron government did not include key information in the official government brochure sent to all households across the UK - a study by the Treasury had shown a 10 percent income decline as a consequence of a potential BREXIT, but in the 16-page information brochure distributed to all households/the electorate, this prognosis was not mentioned at all. EU immigration issues played a role not only under Cameron but also under the May government and in the UK government's White Paper on exiting the EU, respectively. Key issues of BREXIT are related to the potential political instability in the EU. As regards the Global Britain approach of the May government, it is shown here that this is unlikely to work. EU27 reforms are quite important, without adequate reforms and much better leadership in Germany and other EU countries, there will be further disintegration in the EU.

Keywords: Brexit; UK; Global Britain; EU; Disintegration (search for similar items in EconPapers)
JEL-codes: E00 E6 F15 F5 O52 (search for similar items in EconPapers)
Pages: 38 Pages
Date: 2017-05
New Economics Papers: this item is included in nep-int and nep-mac
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Journal Article: The Brexit Dynamics: British and EU27 Challenges After the EU Referendum (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei240

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