In the Press - True cost of Brexit vote 'is £440m every week'

23 June 2018
The Times
The economy is 2 per cent smaller than it would have been had Britain not voted for Brexit, a leading think tank has claimed. The Centre for European Reform (CER) said that the performance of the economy, compared with what it would have been if the 2016 referendum had gone the other way, was significant.

In the Press - Boris Johnson warns against 'bog roll Brexit' as pro-EU campaigners prepare to march

23 June 2018
Sky News
Research by the Centre for European Reform has shown Brexit has already made the UK economy 2.1% weaker than it would have been if voters had decided to stay in the EU.

In the Press - Johnson calls for 'full British Brexit' two years after historic referendum

23 June 2018
The Irish Examiner
Meanwhile research by the Centre for European Reform (CER) think tank indicated Brexit had already made the UK economy 2.1% weaker than it would have been if voters had decided to stay in the EU. ...The CER estimate of a 2.1% smaller economy than if the UK had voted to remain in the EU is equivalent to a knock-on hit of £23 billion a year to the public finances, some £440 million a week.

In the Press - Brexit has already cost the UK more than its EU budget payments, study shows

22 June 2018
Bloomberg
The damage to the U.K. economy caused by the vote to leave the European Union two years ago already exceeds the size of the budget contributions Britain will be able to claw back when it finally leaves the bloc, according to an economic study by the Centre for European Reform.
Uncertainty caused by Brexit has already caused a 2.1 percent dip in economic output, even before Britain’s departure next March, the CER said late Friday in an emailed statement. That’s cost the public finances 23 billion pounds ($30 billion) in lost tax revenue, the think tank said

In the Press - Plugging in the British: Completing the circuit

22 June 2018
Financial Times
“On foreign policy, the risk is that the UK will be more autonomous but less influential, while the EU will be more united but less active. On defence, if the EU excludes the UK from operations it would also potentially undermine its own efforts, while the future economic relationship will shape defence-industrial co-operation.” (Centre for European Reform report)

In the Press - Two years on from the Brexit referendum

22 June 2018
Financial Times
There is plenty of evidence that the UK economy has suffered since the vote (as John Springford spells out in this new report).

In the Press - May and the single market in good

21 June 2018
Financial Times
Is Theresa May about to propose that the UK should stay in Europe’s single market for goods? ... The question was raised by Ivan Rogers, the former UK ambassador to the EU, at the end of his recent Glasgow speech. It was touched on by Martin Wolf in a recent column. It was fully discussed yesterday by Charles Grant of the Centre for European Reform in an FT op-ed which, like the other pieces, is required reading.

In the Press - After Trump tweets, how is immigration really affecting Europe?

21 June 2018
CBS News
"It's been one of the biggest crises that the European Union has faced in a decade where there have been several crises in a row," John Springford, deputy Director of the Centre for European Reform, tells CBS News. The European Union is a borderless travel zone, meaning that once someone enters, he or she is able to move between EU countries freely. This "freedom of movement" allows citizens of EU member states to live and work in any EU country they please, but it also means once migrants cross over the bloc's external border, they are relatively free to move anywhere within the Eurozone.

In the Press - Single Market for goods, not services is only way to solve Brexit headaches, argues CER boss Charles Grant

21 June 2018
City A.M
The only way to resolve the Irish border problem and prevent disruption of manufacturers' supply chains is for the UK to remain in the Single Market for goods, the head of a leading think tank has claimed. Writing for the Financial Times, Charles Grant of the Centre for European Reform, claimed that "it is a proposal under current consideration, thanks to the specific requirements of the Irish border as well as a desire to protect EU-UK trade".

In the Press - Brexit must-read: Single market in goods will come at a price for Brexit Britain

20 June 2018
Politico London Playbook
This op-ed in the FT by the well-informed director of the Centre for European Reform think-tank, Charles Grant, predicts Theresa May is about to request customs union membership for UK goods, but not services. He warns Europe may not be open to the idea, and that the plan may trigger a Cabinet resignation or two. Worth your time.

In the Press - Single market in goods will come at a price

20 June 2018
Financial Times
“For now, the odd couple of Mr Johnson and Mr Barnier is working to keep Britain out of the single market for goods. But a fightback may be approaching in both Britain and other EU countries from those who are prepared to compromise on legal principles and wish to maximise future trade.” (Charles Grant, director of the Centre for European Reform, in the FT).