Latest Issue

Are the Single Market’s benefits imaginary?

The figures suggest this

By Michael Burrage  

Former Chancellor George Osborne didn't think so © Matt Cardy/PA Wire/PA Images

One of the more curious aspects of UK membership of the Single Market is that successive governments have declined to monitor and measure its impact on the UK economy. Hence the Treasury’s study during the referendum was unable to cite a single source that had traced and analysed the benefits of the Single Market over time. Instead, it relied on a model to calculate retrospectively what these might have been, as the basis of fanciful predictions about the…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect