Earlier this month, we asked our United Kingdom panellists to finish the sentence: “Brexit will be FAVOURABLE to the UK in terms of…”; the results were as follows:
– “Gives UK more scope to pursue market-liberal, de-regulatory, supply-side friendly policies afterwards..”
– “Budgetary savings, immigration control, reduction in regulation and enabling of new opportunities for international trade.”
– “Saving contribution costs to the EU.”
– “Ability to discriminate [between] types of EU inward migrants.”
– “Reduction of regulation.”
Following yesterday’s surprise referendum outcome, in which the UK voted in favour of leaving the European Union, economists and the British public alike will await to see whether these potential advantages come to fruition over the coming years.