Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Tuesday, March 13, 2018
Brexit Hurts Europe, But Hurts the U.K. More
There have been numerous estimates of Brexit's cost to the U.K. but fewer similar ones for the European Union. But calculations are gradually surfacing, and while Europe's costs are serious, it's easy to see why the EU has a stronger negotiating position.
On Monday, the New York-based management consulting firm Oliver Wyman and the London-based law firm Clifford Chance published a telling
report
on "the red tape costs" of a so-called "no-deal" Brexit. They looked at the damage to importers and exporters from the added red tape, but not
any indirect economic impact on firms down the established supply chains.
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