Podcast

Director’s Cut: The economics of no-deal Brexit

Bruegel director Guntram Wolff is joined by senior fellow Zsolt Darvas to rake through the possibilities and probabilities inherent in a no-deal Brexit scenario, covering trade, the Irish border, citizens' rights and the EU budget.

By: Date: January 16, 2019 Topic: Macroeconomic policy

Bruegel senior fellow Zsolt Darvas joins Guntram Wolff for this Director’s Cut, to discuss the economic fall-out of a no-deal Brexit.

While the UK remains without an agreement on the nature of its relationship with the EU beyond March 29th 2019, the possibility of a no-deal Brexit – and its bundle of complex permutations for each sector – is still on the table.

What would a WTO-based trade relationship between the EU and the UK look like in reality? Beneath surface-level tariffs, the value chains that would be broken by a hard border in the English Channel could have far-reaching consequences. And in Ireland, the more innovative border solutions remain mostly unsubstantiated, and at the very least would require a long implementation period – the time for which has long since passed.

A no-deal Brexit also has implications for the EU budget. Our calculations specify the gap to be filled if the UK were to stop contributing immediately, as well as the spread of the additional burden across the EU’s member countries.

For further reading on this subject, consider Guntram Wolff’s Policy Contribution on how well prepared the EU might be for a no-deal Brexit scenario, as well as Zsolt Darvas’ full breakdown of the implications for the EU budget of the UK ‘crashing out’ of the union.

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Podcast

Podcast

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What is job quality and why does it matter?

By: The Sound of Economics Topic: Inclusive growth Date: May 19, 2022
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Podcast

The cost of China's dynamic zero-COVID policy

What does zero-COVID mean for both China and the global economy?

By: The Sound of Economics Topic: Global economy and trade Date: May 11, 2022
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Podcast

Global trade Down Under

A conversation on the global trading landscape.

By: The Sound of Economics Topic: Global economy and trade Date: May 4, 2022
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Podcast

War in Ukraine: What is the effect on Central and Eastern Europe?

How is the war in Ukraine affecting the countries in the central and eastern parts of Europe, the countries that are closest to the ongoing conflict?

By: The Sound of Economics Topic: European governance Date: April 26, 2022
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Podcast

War in Ukraine: sanctions on Russia two months in

A further look into sanctions on Russia and the implications for the global financial system.

By: The Sound of Economics Topic: Banking and capital markets, European governance Date: April 22, 2022
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Podcast

Making remote work, work

How do we address the challenges of remote work? Lessons from both sides of the Atlantic.

By: The Sound of Economics Topic: Inclusive growth Date: April 13, 2022
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Podcast

War in Ukraine: The EU’s ban on Russian coal

A live podcast on energy sanctions on Russia following the EU ban on Russian coal.

By: The Sound of Economics Topic: Green economy Date: April 6, 2022
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Podcast

What to expect from China's innovation drive?

How much has China progressed technologically?

By: The Sound of Economics Topic: Digital economy and innovation, Global economy and trade Date: April 6, 2022
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Podcast

War in Ukraine: How to make Europe independent from Russian fossil fuels?

Can REPowerEU make sure that Europe has affordable and secure energy supplies in both the near and long term?

By: The Sound of Economics Topic: European governance Date: March 31, 2022
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Podcast

Online labour: Can we all just move to Tahiti?

How is online labour different from remote work?

By: The Sound of Economics Topic: Digital economy and innovation Date: March 23, 2022
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Podcast

War in Ukraine: reflections on the economic consequences for Russia

Sergei Guriev joins us to discuss how the Russian invasion of Ukraine will affect the economies of Russia and the world.

By: The Sound of Economics Topic: Global economy and trade Date: March 10, 2022
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Podcast

Podcast

War in Ukraine: A conversation with Oleg Ustenko

Oleg Ustenko, Economic Advisor to Ukrainian President Volodymyr Zelenskyy joins us to discuss the situation in Ukraine.

By: The Sound of Economics Topic: European governance Date: March 9, 2022
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