Diane Coyle cropped

RES Presents: Post-Brexit Economics

with Jagjit Chadha, Swati Dhingra, Paul Johnson, Michael McMahon and Diane Coyle (Chair)

Economics/

RES Presents: Post-Brexit Economics

with Jagjit Chadha, Swati Dhingra, Paul Johnson, Michael McMahon and Diane Coyle (Chair)

Diane Coyle cropped

In the run-up to the EU referendum, most economists were agreed that Brexit would be bad for the UK economy: a poll of 600+ academic and business economists found nine out of ten saying that exit from the EU and the single market would most likely damage Britain’s growth prospects over the next five years. This was a rare degree of consensus among a notoriously disagreeable profession. In spite of these warnings, the British public voted to leave the EU and, so far, there is little sign of the economic doom and gloom that was predicted. If anything, the UK economy is among the fastest growing in the developed world. The true fallout may be yet to come but Andy Haldane, the Bank of England’s chief economist, declared that the previous forecasts were wrong.

Nine months on from the referendum, Jagjit Chadha (National Institute of Economic and Social Research), Swati Dhingra (London School of Economics), (Paul Johnson (Institute for Fiscal Studies) and Michael McMahon (University of Warwick) revisit the likely economic consequences of Brexit. Did economists get it wrong, or is it just a matter of time before the true economic costs become apparent? And how can economists recover their reputation? Theirs was not the decisive voice in the referendum debate and subsequent events will have done little to persuade people to listen to the experts. Chaired by Diane Coyle (University of Manchester – pictured).

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