The Brexit deal means new border controls and checks and a host of new regulatory requirements in service sectors. Photo: Brian Lawless/PA Wire/PA Images
Accession to the European Economic Community in 1973 kicked off a decade of profound structural changes—monetarism, deregulation, liberalisation, trade union reform, deindustrialisation—that shape our economy today, for good or ill. We are a prosperous, relatively open and market-oriented economy, with a flexible labour market and are very successful in some high-value, high-productivity sectors. But we also have a long tail of low-productivity companies and sectors. That translates into deep and persistent structural inequalities, with our life chances still driven by class, race and geography.
Will Brexit mark a similar structural break? And if so, in what direction? In our latest…
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