Trade, Development, and Immigration

‘Despite Brexit’ the UK is outperforming the EU economy


In the Media

Julian Jessop quoted in the Telegraph

Julian Jessop quoted in the Telegraph

The pessimism surrounding the UK’s departure from the EU was unjustified, says Ambrose Evans-Pritchard in the Telegraph. As the UK economy bounces back strongly from the pandemic, defying gloomy predictions by the OECD and the IMF, and managing to reach pre-Brexit export levels to the EU, the EU instead has begun to lose its share of the UK market to global competitors and is wallowing in a third wave of Covid infections.

IEA Economics Fellow Julian Jessop was quoted in the article, arguing: “People were far too pessimistic about the magnitude of the hit. The idea that there was going to be a seismic fall in trade after Brexit was always rubbish. Companies adapt“.

Read the full article here.