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4min chapter
The Economy in 2023: Where Do We Go From Here?
Intelligence Squared
What Are the Potential Gains From Regulation Divergence?
Economists agree that economies that are significantly less open to trade as the UK has been is likely to experience lower productivity growth. The effect of being part of the EU's regulatory sphere going forward may make it more difficult, not just to trade with the EU, but also makes it less attractive for some other country to trade with us. So will it be easier or harder for us to grow our trade with non-EU countries if we're outside of the EU? I think that remains an open question.
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