Brexit and the UK economy

This page looks at the impact of Brexit on the UK economy. It is designed for AS/A Level Economics and AS/A Level Business.  

To grow or not to grow?

Some positive shoots amid the gloom?

What the LSE academics say

Debate: Wolf vs Redwood

Lindsey Naylor has her say too

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Details

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Details

Learning outcomes:

 In this study guide, you will learn more about BREXIT AND ITS IMPACT ON THE UK ECONOMY:

  • What is Brexit?
  • What is the European Union?
  • What does Brexit mean for the UK economy in terms of growth, household income, macroeconomic objectives?

The activities are intended to help you deepen your understanding of these issues. They will also support the development of those critical thinking skills that you will be expected to demonstrate in your A / AS Level Exams, and at university. 

If you are a STUDENT you will find these activities useful as part of your self-guided study or exam preparation. 

If you are a TEACHER you may wish to incorporate these activities into your lesson plans either as individual OR small group activities. 

 

ALL CONTENT INCLUDED IN THIS STUDY GUIDE HAS BEEN COMPILED BY THE GENERATION BREXIT PROJECT TEAM UNDER THE DIRECTION OF DR JENNIFER JACKSON-PREECE, DEPUTY HEAD OF THE EUROPEAN INSTITUTE, LSE. 

Activity 1

This activity asks you to consider the likely impact of Brexit on the UK Economy. First you should read the following articles, paying careful attention to the evidence each provides. Based on this evidence, what do you think the Brexit effects on economic growth prospects will be? You should be prepared to fully explain your position.
 

 

Activity 2

This activity asks you to compare different types of economic effects that may be associated with Brexit. Which of these effects do you think will be most significant? Which of these effects do you think will be least significant? You should aim to identify a series of POINT / EXAMPLE / EXPLANATION style arguments based on the readings below. After you have completed these notes, take some time to consider your own point of view. Which arguments do you find most convincing, and on what basis? Be prepared to fully explain your position citing relevant evidence.

Activity 3

In this activity, you are asked to assess a proposition with respect to the relationship between  Brexit and economic growth.

First, you should watch the FT podcast debate between Martin Wolf and John Redwood.Take note of the main claims each uses to justify their position, as well as the criticisms that each receives.

You should then try to identify reasons FOR and AGAINST the following proposition: Brexit will boost the UK economy

You should aim to identify a series of POINT / EXAMPLE / EXPLANATION style arguments. You may find it helpful to refer back to the  other resources included in the study guide. After you have completed these notes, take some time to consider your own point of view. Which arguments do you find most convincing, and on what basis? Be prepared to fully explain your position citing relevant evidence.

If you are using this study guide as part of your independent learning or revision, you may want to conclude this activity by  writing a practice exam style essay on this question.

If you are a teacher using this study guide as part of a lesson plan, then you may wish to use this question as the basis for a class debate.

Martin Wolf vs John Redwood:

https://www.youtube.com/watch?v=bKPXyWP99v0

 

Our common future after Brexit

This activity invites you to join our Generation Brexit community and directly take part in the debate on Our Common Future After Brexit. These links and videos should have helped you think more deeply about what Brexit can mean, positively or negatively, for the UK economy. Next you should go to the platform to read what other young people think. Try to decide what YOU think.

Do you have an IDEA to share?

Generation Brexit has one purpose: it gives young people across the UK and the EU a voice in the Brexit negotiations. By taking part in this policy making project you can shape the future of UK-EU relations post-Brexit. The best ideas will be turned into policy proposals sent to the UK and EU parliaments. 

Generation Brexit is also offering an exciting opportunity for Sixth Form students to intern with an LSE crowdsourcing project as a PLATFORM FACILITATOR responsible for encouraging constructive engagement with Brexit related issues amongst platform users.

Each PLATFORM FACILITATOR will be expected to spend half an hour on the platform each week for a period of four weeks, and earn 100 participation points on the platform. These participation points can be earned by voting or commenting on other people’s ideas, responding to surveys or posting your own ideas. PLATFORM FACILITATORS who fulfil these requirements will receive a certificate  from the LSE to highlight their contribution to the project.

This is a great opportunity to participate in the Brexit debate and gain valuable experience that you can include in your UCAS personal statement. For more information contact brexit@lse.ac.uk

Will we be richer or poorer? Brexit and household income

Brexit and national income: the academic take

Hey big spender! What Brexit will mean for government spending

Let's talk supply chains with our chums at PwC

London calling? What of the impact on London

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