Defying Gravity: The UK Business Model after Brexit

4/13/2017 - Infographic and chart
ic_blogtagTradeUnited KingdomBrexitEuropean Union (EU)TradeTrade agreements
​One key determinant of future economic growth in the UK is its degree of access to the European Union’s Single Market. In our baseline scenario, the EU and UK negotiate a limited Free Trade Agreement, and GDP growth averages around 1.3%, less than half the pre-crisis average. Without a trade deal, the UK’s growth potential would be less than 1% (0.8%).