This project studied the impact of Brexit on the UK’s trade and economic performance. The analysis considered how the UK economy is changing in response to Brexit and provided estimates of the effect of Brexit on productivity, trade, output, wages and living standards.
A key contribution of the research was creation of a new dataset matching trade and production data at the firm level. Using this dataset, the project analysed which firms, workers, regions and industries are most exposed to Brexit, how Brexit affects firms’ participation in the global economy.
The project developed a trade model of the UK economy to quantify the aggregate economic consequences of Brexit and evaluate alternative post-Brexit trade policies. The findings helped policy makers and the general public understand the economic consequences of Brexit and inform debate on UK trade and economic policy after Brexit.