What does Brexit mean?

About the lecture

In this module, we have a look at what Brexit means. In particular, we will focus on: (i) the uncertain Brexit debate after the referendum, including defining what a "soft" and "hard" Brexit look like; (ii) the political battle and how it was eventually won by those who favoured a "harder: Brexit; (iii) the transition period and what this meant; (iv) the Trade and Cooperation Agreement (TCA) and the key parts of this; (v) the benefits and costs of having a free trade agreement, rather than being part of the Customs Union; and (vi) the benefits and costs of leaving the Single Market.

About the lecturer

Thomas Sampson is an Associate Professor of Economics at the London School of Economics and a Research Affiliate of the CEPR. He specialises in international trade, growth and development, with a particular focus on the economic effects of Brexit. With this in mind, he has written widely on these subjects, including Expecting Brexit (Annual Review of Economics, 2022) and The Brexit Vote, Inflation and UK Living Standards (International Economic Review, 2022).