Skip to main content

'Brexit: What Happens Now?' Round Table Discussion

Search Royal Holloway

Academics and experts across the college came together to discuss the future of Brexit

  • Date31 January 2019

Alongside Giacomo Benedetto (Jean Monnet Chair in EU Politics), Professor Chris Grey and Dr David Yuratich, Dr Petar Stankov from the department gave an economic perspective on the consequences of Brexit.

Dr Benedetto discussed the withdrawal agreement, and the framework for future relationships with the EU.

Professor Grey explained the business implications of Brexit, and the possible supply chain disruptions.

Dr Yuratich expanded on the legal frameworks around revoking or extending Article 50.

Dr Stankov discussed various possible withdrawal scenarios, summarising the macroeconomic effects of Brexit. He also sought to dispel some myths about the effects of migration on UK social and healthcare systems, and on wages. After presenting the facts, Dr Stankov concluded:

- Brexit will leave the UK permanently poorer, relative to a Remain scenario.

- Significant economic risks would be incurred, due to the disintegration with a major trading partner.

- Risks are worsened by the fact that no new free trade deals have been done with other major trading partners, and taking into consideration the global growth slowdown.

EU workers contribute more to the UK social system than they take back (e.g. NHS)

- Brexit would leave both the UK and the EU weaker.

- If Remain is no longer an option on the table, then:

  • Common Market deal with the EU would minimise risks on UK economy;
  • Norway/Switzerland model would provide full access to the single market, with political freedom;
  • Deal should be struck as soon as possible to minimise uncertainty.






Related topics

Explore Royal Holloway

All undergraduates starting with us in 2020 onwards have the opportunity to take a Placement Year, which will add even more value to your studies.

There are lots of exciting ways to get involved at Royal Holloway. Discover new interests and enjoy existing ones

Heading to university is exciting. Finding the right place to live will get you off to a good start

Whether you need support with your health or practical advice on budgeting or finding part-time work, we can help

Discover more about our 21 departments and schools

Find out why Royal Holloway is in the top 25% of UK universities for research rated ‘world-leading’ or ‘internationally excellent’

They say the two most important days of your life are the day you were born, and the day you find out why

Discover world-class research at Royal Holloway

Discover more about who we are today, and our vision for the future

Royal Holloway began as two pioneering colleges for the education of women in the 19th century, and their spirit lives on today

We’ve played a role in thousands of careers, some of them particularly remarkable

Find about our decision-making processes and the people who lead and manage Royal Holloway today