Brexit - The Benefit of Hindsight

The UK’s financial services sector is deemed to be one of the most vulnerable to the impact of Brexit, and the consequential effect on the rest of the UK economy could be devastating. Despite benefitting from access to the Single Market, a significant proportion of the financial services industry voted ‘leave’. But rather than being driven by anti-immigration or xenophobic sentiments, research indicates it was based on a rational assessment of the cost and benefit of the EU membership, influenced by the post-crisis regulatory reform. The industry is disproportionally impacted by Brexit due to the divergence of business models within the industry, based on the relative reliance on domestic, international or European trade.

Brexit – The Benefit of Hindsight analyses a number of economic indicators to answer the unanswerable question: what does the UK want? Will the UK economy suffer in the uncertainty surrounding our future or will we emerge stronger?

David Miles, CBE, Professor of Financial Economics and former member of the Monetary Policy Committee

Paul Roberts, Business consultant and author of The Economist Guide to Project Management.