An introduction to the World Trade Organisation
The World Trade Organisation, or WTO, comes up again and again in the Brexit debate. Here’s our quick, expert guide to what it does.
Will a hard Brexit cost £100 billion?
The most recent figures can’t tell us how much of an impact Brexit has had on the Office for Budget Responsibility's forecast for public sector debt. In November 2016 the OBR said that voting to leave the EU would add £15.2 billion to the debt by 2020/21.
The UK's EU membership fee
In 2016 the UK government paid £13.1 billion to the EU budget, and EU spending on the UK was forecast to be £4.5 billion. So the UK’s ‘net contribution’ was estimated at about £8.6 billion.
Has the government assessed the economic impact of no Brexit deal?
A comprehensive forecast hasn’t been produced. The Brexit Secretary says the government has to decide its plan for mitigation before such a forecast can be produced.
Post-Brexit trade tariffs
We have a voluntary choice about import tariffs, but not the tariffs on our exports.
The EU has shrunk as a percentage of the world economy
Daniel Hannan says that Europe has shrunk as a percentage of world GDP. We take a look at the EU's share of world GDP over time.
How much would a hard Brexit cost?
It's not unorthodox to say that trading with the EU under terms set by the WTO would be bad from an economic perspective, but putting an exact cost on it is tricky.
Brexit and economic apocalypse
There hasn’t been an immediate hit to economic growth following the EU referendum.
What’s the link between membership of the single market and lower wages?
Whatever the answer is, it won’t be simple.
The pound isn’t at its highest level in two years
The pound saw a big one-day rise yesterday, but its value against the US dollar remains low compared to recent years.
About 1 in 7 German cars are sold in the UK
On its own, that doesn’t tell us who needs to trade with the other more.
False claims, forecasts, and the EU Referendum
Campaigners on both sides made false claims, or predicted things that turned out to be wrong.
Brexit means... borrowing?
The Office for Budget Responsibility expect the government to have a £21 billion deficit in 2020/21. In March they had predicted an £11 billion surplus.
Brexit and household incomes
In the main, the Office for Budget Responsibility has lowered its expectations
The IMF on Brexit
Did the International Monetary Fund get its Brexit predictions wrong?
Free trade outside the EU customs union
Can the UK be partly in and partly out of the EU customs union?
Scottish jobs after Brexit
A ‘Hard Brexit’ would see 80,000 fewer jobs in Scotland than EU membership, according to one set of figures.
"Leaked" analysis: would a Hard Brexit cost £66 billion?
Recent "leaks" are old news.
Brexit and price rises
Brexit has been blamed for a series of price rises, from holidays abroad to military equipment. All are down to a post-referendum fall in the value of the pound.
Brexit and the great British pub
It's been suggested that the UK's pubs have been doing a roaring trade on the back of the vote to leave the EU. The figures don't support that theory.
Leaving the EU: why do the economic forecasts differ?
The EU referendum debate has seen a range of claims about the future. Why do the different forecasts make different predictions?
Ten things to know about economic models
Ten things you should know about economic forecasts and economic predictions.