Brexit and the UK's public finances

Bericht

If the result of the referendum on 23 June leads to the UK leaving the EU, there will be impacts on the UK public finances. This report aims to set out the possible impacts, focusing particularly on the short run, given that the Chancellor wishes to achieve a budget balance by the end of this parliament. We also look at possible long-run consequences. The overall impact on the public finances will depend on two distinct components, each of which is uncertain to some degree: - The mechanical effect. As a net contributor to the EU, leaving the EU would strengthen the public finances because our net contribution would fall. But given uncertainty over the form of any subsequent arrangement with the EU, it might not necessarily fall to zero. - The national income effect. Any effect of leaving the EU on UK national income would affect the public finances. A rise in national income would strengthen the public finances, a fall would weaken them ...

Angaben zum Objekt

• ISBN: 978-1-911102-13-7
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IFS Report ; No. R116

Klassifikation und Themen

• Klassifikation: Wirtschaft

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Emmerson, Carl ; Johnson, Paul ; Mitchell, Ian ; Phillips, David
• Ereignis: Veröffentlichung
• (wer): Institute for Fiscal Studies (IFS)
• (wo): London
• (wann): 2016

Weitere Informationen

• DOI: doi:10.1920/re.ifs.2016.0116
• Handle: http://hdl.handle.net/10419/171980
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ