Brexit Referendum Will Be Decided by Economic Self Interest

To date, arguments supporting Brexit have received far less prominence and tend to focus on the benefits of freer trade, freedom from EU red tape and saving of the budget contributions

Andy Brunner 4 March, 2016 | 9:42AM

The case presented for Brexit is primarily based on political arguments that centre around, as Boris Johnson, amongst many others, recently highlighted “taking back control”. Regaining control of laws, borders and international relations may or may not be a good or indeed a bad thing in a globalised world but, together with issues of sovereignty and democracy, these debates are political and individual in nature and beyond the scope of this short note.

Currency takes the strain in periods of uncertainty, and sterling is under pressure

To date, economic arguments supporting Brexit have received far less prominence and tend to focus on the benefits of freer trade, freedom from EU red tape and saving of the budget contributions, or as Boris put it so succinctly, “to save them [the people] money”. As yet, little independent research has been published to suggest that from an economic perspective, at least, the UK would be better off outside of the EU.

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About Author

Andy Brunner

Andy Brunner  is Head of Investment Strategy, Morningstar UK

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