Boris Johnson’s Brexit plan would leave knock up to £50bn off the economy and leave everyone in the UK £2,000 worse off, new analysis has found.
The Academic think-tank The UK in a Changing Europe said the plan that is the subject of intense negotiations between UK and EU officials would be worse for the UK economy than Theresa May’s deal.
The current proposal being discussed in Brussels would hit public finances by up to £49bn, the study found, with even that best-case scenario resulting in a £16bn fall in GDP.
The economic impact of Boris Johnson's Brexit proposals is written by Hanwei Huang, Jonathan Portes, Thomas Sampson, and Anand Menon with contributions from Matt Bevington and Jill Rutter.
Congratulations to Abhijit Banerjee, Esther Duflo and Michael Kremer for being awarded the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2019.The Royal Swedish Academy of Sciences has recognised Abhijit Banerjee, Esther Duflo, Michael Kremer for "for their experimental approach to alleviating global poverty":
"Despite recent dramatic improvements, one of humanity’s most urgent issues is the reduction of global poverty, in all its forms. More than 700 million people still subsist on extremely low incomes. Every year, around five million children under the age of five still die of diseases that could often have been prevented or cured with inexpensive treatments. Half of the world’s children still leave school without basic literacy and numeracy skills.
This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. In brief, it involves dividing this issue into smaller, more manageable, questions – for example, the most effective interventions for improving educational outcomes or child health. They have shown that these smaller, more precise, questions are often best answered via carefully designed experiments among the people who are most affected.
In the mid-1990s, Michael Kremer and his colleagues demonstrated how powerful this approach can be, using field experiments to test a range of interventions that could improve school results in western Kenya.
Abhijit Banerjee and Esther Duflo, often with Michael Kremer, soon performed similar studies of other issues and in other countries. Their experimental research methods now entirely dominate development economics."
We are delighted to celebrate with Michael Kremer who is currently visiting STICERD.
Dr Tania Burchardt was at the Irish Human Rights and Equality Commission in Dublin today talking about the importance of collecting and using equality data.
The presentation slides are available here.