Some of them do, but the referendum wasn’t just about economicsby Tom Startup / April 6, 2017 / Leave a comment
The headline of a spoof article in Private Eye in early July read: “Turkeys Vote for Christmas in Referendum Cliff-hanger.” The meaning was obvious—the people who had voted to Leave the European Union were probably those were going to suffer the most from Brexit. But is that true? Our new analysis can provide a few pointers.
No one knows what the exact economic implications of Brexit will be. But the government has made it clear that we are leaving the Single Market and probably the customs union. Brexit will also mean exiting EU policies that support poorer areas. So, we looked at how the different regions varied in terms of their dependence on EU labour, the proportion of their exports that go to the EU and the amount of structural funds they receive. (These funds are allocated by the EU to poorer places to help increase productivity). The results are summarised below, along with the proportion of voters who voted Leave in the referendum.