This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/uk/politics/brexit-eu-referendum-result-what-happens-next-economy-expert-john-van-reenen-lse-a7169541.html
The article has changed 5 times. There is an RSS feed of changes available.
| Version 3 | Version 4 |
|---|---|
| Brexit: Top economist reveals what he thinks will happen next after the EU referendum vote | |
| (about 20 hours later) | |
| One of the UK's top economists has issued a stark warning about the possible economic and social implications of Brexit for Europe. | One of the UK's top economists has issued a stark warning about the possible economic and social implications of Brexit for Europe. |
| Work from before the referendum by Professor John Van Reenen, professor of economics at LSE and director of the university's Centre for Economic Performance, laid out the likely long-term economic costs of Britain leaving the European Union. | Work from before the referendum by Professor John Van Reenen, professor of economics at LSE and director of the university's Centre for Economic Performance, laid out the likely long-term economic costs of Britain leaving the European Union. |
| Van Reenen's research, co-authored with three colleagues from the LSE, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, claims even if Britain manages to secure a deal where it keeps access to the single market, income per person will still fall by 1.3 per cent relative to otherwise. | Van Reenen's research, co-authored with three colleagues from the LSE, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, claims even if Britain manages to secure a deal where it keeps access to the single market, income per person will still fall by 1.3 per cent relative to otherwise. |
| If the UK is unwilling to accept the free movement of labour, it is likely trade will fall by more, leading to a 2.6 per cent decrease in income per person. | If the UK is unwilling to accept the free movement of labour, it is likely trade will fall by more, leading to a 2.6 per cent decrease in income per person. |
| This translates to a fall of between £850 and £1,700 per UK household. | This translates to a fall of between £850 and £1,700 per UK household. |
| In a new piece following the referendum result, Mr Van Reenen blamed the stigmatisation of foreigners, the eurosceptic and anti-immigration stance of large sections of the British press and also “the worst [politicians] in living memory” for the result. | In a new piece following the referendum result, Mr Van Reenen blamed the stigmatisation of foreigners, the eurosceptic and anti-immigration stance of large sections of the British press and also “the worst [politicians] in living memory” for the result. |
| He argued the vote was “won on a drumbeat of anti-foreigner sentiment” and is “the same tune that was played in the 1930s” and has "drowned a once great nation.” | He argued the vote was “won on a drumbeat of anti-foreigner sentiment” and is “the same tune that was played in the 1930s” and has "drowned a once great nation.” |
| And in a warning for the future, Mr Van Reenen predicted other European countries will follow Britain’s example and be “swept along in this poisonous flood”. | And in a warning for the future, Mr Van Reenen predicted other European countries will follow Britain’s example and be “swept along in this poisonous flood”. |
| The only question, according to Mr Van Reenen, is which other states will also be hit by the "tsunami of bile" and take an anti-immigration, anti-Europe stance in the coming years. | The only question, according to Mr Van Reenen, is which other states will also be hit by the "tsunami of bile" and take an anti-immigration, anti-Europe stance in the coming years. |