Counting the cost of the Brexit vote six years on

27 June 2022
The Sunday Times
The doppelgänger approach has been used extensively by John Springford, deputy director of the Centre for European Reform. His latest update, covering the period to the end of last year, was published earlier this month, and the results are striking.

‘What have we done?’: six years on, UK counts the cost of Brexit

25 June 2022
The Guardian
Figures from the Centre for European Reform show that the Brexit vote has already depressed economic growth. The independent think-tank said that by the end of last year the economy was 5% – or £31bn – smaller than if the UK had stayed in the EU. 
¿Por qué va a utilizar nadie la moneda digital de un banco central?

¿Por qué va a utilizar nadie la moneda digital de un banco central?

24 June 2022
Los bancos centrales tienen prisa por empezar las pruebas de una moneda digital propia. Quizá parece una cosa emocionante. Pero seguramente no ofrecen a los usuarios casi ninguna ventaja de la que no disfruten ya.

France 24: Bilan de la présidence française de l'UE : une période marquée par la guerre en Ukraine

24 June 2022
Le 30 juin, la France quittera la présidence du Conseil de l’Union européenne, au terme de six mois de travail. Une période marquée par la guerre en Ukraine, ce qui a permis à Emmanuel Macron de prendre le leadership de la réponse européenne mais aussi de faire avancer des dossiers...

Brexit : six ans d’effritement de l’économie britannique

23 June 2022
Le Monde
John Springford, du groupe de réflexion Centre for European Reform, a comparé les statistiques britanniques à celles d’un groupe de vingt-deux pays développés. Il en conclut que depuis le troisième trimestre 2016 (juste après le référendum), la croissance britannique a été inférieure de 5,2 % à celle du groupe témoin, les investissements inférieurs de 13,7 %, le commerce de marchandises de 13,6 % et celui des services de 7,9 %. Cela ne signifie pas que l’économie britannique a stagné depuis 2016, mais simplement qu’elle a moins prospéré que celle des pays témoins.

Five Star party splits as Ukraine war shakes Italian politics

22 June 2022
Financial Times
Luigi Scazzieri, a senior fellow at the Centre for European Reform, said the war looked set to emerge as the prism through which other domestic political disputes will be viewed as next year’s general elections draw closer. “The war becomes this all-encompassing phenomenon that has all these hot button consequences in terms of energy, food security, migration and economic recession,” he said. “It’s becoming a very big issue that has divisions within parties as well as between them.”

Brexit will keep wages down and make UK poorer in decade ahead, study finds

22 June 2022
The Independent
It follows a recent study by the Centre for European Reform (CER) which found Brexit was “largely to blame” for billions being lost in trade and tax revenues in recent years.
The think tank said that by the end of last year, Britain’s economy was 5.2 per cent – or £31bn – smaller than it would have been without Brexit and the Covid pandemic.
“We can’t blame Brexit for all of the 5.2 per cent GDP shortfall … but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CER study.

How close are the Western Balkans to joining the European Union?

22 June 2022
This largely explains the delay for Serbia "as it is not in President Vucic's interests to enact reforms that EU membership requires, as these would undermine his patronage system and his hold on power," Luigi Scazzieri, senior research fellow at the Centre for European Reform, told Euronews. 

Commission’s Big Tech probes may face hurdles in Qualcomm’s wake

20 June 2022
“The Commission’s process comes across as highly questionable,” said Zach Meyers, a senior research fellow at the Centre for European Reform, which counts Qualcomm among its corporate donors. “There will undoubtedly be concerns within the Commission legal service that these problems might have been endemic at the time and could lead to other Commission decisions being vulnerable to appeal.”

Who needs ethics advisers when your one aim is to keep your party in power?

18 June 2022
The Guardian
Brexit largely explains a shortfall of 5.2% – or £31bn – in the British economy at the end of last year, according to the Centre for European Reform. 

¿Qué sabemos hasta ahora del coste del Brexit?

17 June 2022
En mayo de 2020, el periodista James Forsyth, que goza de buenos contactos, escribió en The Spectator que el gobierno británico se encontraba cómodo con la idea de abandonar la UE sin un acuerdo.

Brussels set to endorse Ukraine as a candidate for EU membership

17 June 2022
Camino Mortera-Martinez, head of the Brussels office of the Centre for European Reform (CER), described enlargement as the "trickiest" issue facing the EU and noted that the Commission's early lobbying on member states for Ukraine membership "is working.""Many think that Ukraine is not ready to join the EU yet, but they know the EU cannot afford to keep it in the waiting room for years, as it has done with other candidates like North Macedonia," she said. 

Letters: The Brexit effect

16 June 2022
In Tom Clark’s excellent round-up of the economic effects of Brexit, he noted that exports to the EU “look almost unaffected on the headline numbers.” As ever with statistics, it depends on how you cut it.

Britain needs to face up to the cost of Brexit

16 June 2022
The UK debate about Brexit’s impact on the economy has ranged from non-existent to unserious. Labour is avoiding the subject, to try to regain lost voters in pro-Brexit constituencies, and the government immediately changes the subject to vaccines or free trade deals.

War on its doorstep has rekindled talk of enlarging the EU

16 June 2022
The Economist
Barring reform of the EU, any current member has the power to derail any application, notes Luigi Scazzieri of the Centre for European Reform, a think-tank in London. 

Have we passed the high-water mark of European unity on Ukraine?

15 June 2022
LSE blog
EU leaders presented a united response in the immediate aftermath of Russia’s invasion of Ukraine. Yet as the war continues, this unity is coming under strain. 

Brexit trade friction caused 15% fall in UK-EU exports in first half of 2021

15 June 2022
Financial Times
John Springford, deputy director of the Centre for European Reform noted there was “some disagreement among economists about the extent to which the TCA has reduced UK trade. But, he added, “all agree that it has made the British economy significantly more closed”.

UK government Brexit reforms ‘risk trade war with Brussels’

15 June 2022
Global Trade Review
The Centre for European Reform estimates goods trade is 13.6% lower than had the UK remained an EU member state. Comparing the British economy to a basket of countries with similar economic performances prior to Brexit, the Brussels-based think tank suggests UK GDP is 5% smaller and investment 14% lower as a result of leaving the bloc. 

UK now ‘teetering on brink of trade war with EU’, warn London business leaders

14 June 2022
The Evening Standard
His [Richard Burge, chief executive of the London Chamber of Commerce and Industry] warning came after the Centre for European Reform think-tank estimated that Brexit has already dealt a £31 billion blow to Britain’s economy.

CER podcast: Is Brexit to blame for Britain's economic woes?

John Springford, Thomas Sampson, Rosie Giorgi
14 June 2022
In this week's CER podcast Rosie Giorgi spoke to economists John Springford and Thomas Sampson about how Brexit has impacted the UK economy.