Economic Policy After Brexit

Philip Whyman and Alina Ileana. Petrescu ()
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Alina Ileana. Petrescu: University of Central Lancashire

Chapter Chapter 8 in The Economics of Brexit, 2020, pp 271-323 from Springer

Abstract: Abstract One area almost completely ignored by economic studies, and yet which has possibly the greatest potential to influence whether Brexit will ultimately be viewed as a policy success or failure, concerns the flexibility of UK policy formation. Depending upon the final form that Brexit takes, it has the potential to present policy makers with additional policy instruments which are not currently available and which have the potential to transform the national economy. Active forms of industrial and procurement policies are the most obvious examples and are examined in some detail in this chapter. Similarly, this chapter discusses macroeconomic options to reduce uncertainty and provide a solid foundation to encourage higher rates of investment and capital formation than have been the norm in the UK for decades.

Keywords: ECON POLICY—economic policy trade-off; Uncertainty; Industrial and procurement policy (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-55948-9_8

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DOI: 10.1007/978-3-030-55948-9_8

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