Whatever you think about Brexit, it doesn’t make sense to secure Britain’s economic future by adding red tape. Theresa May’s government wants to tamp down net migration. That’s has opened space for some new self-defeating proposals.
CGD Policy Blogs
It’s been three weeks since the UK voted to leave the European Union in the move popularly known as Brexit, and the consequences are still becoming apparent. Senior fellow and director of CGD Europe Owen Barder joins the podcast from London this week to take a balanced look at possibilities for the UK’s future, and consider implications for the country and the developing world.
The Brexit vote illustrates what can happen when people feel their job opportunities are suffering due to liberalized trade policies. If we want open migration and trade policies, we need to focus on domestic job losses.
There is much uncertainty now about how the UK will respond to Thursday’s referendum result calling for Britain to leave the European Union. The effects on developing countries—and development cooperation—will depend in part on what is agreed in the coming months and years. But here is some speculation about the possible threats that Brexit implies, and a (rather shorter) list of the possible opportunities.