Brexit: business, economy and finance

How will exiting the European Union impact on business, economy and finance? Read research and analysis from Parliament's libraries and committees.

EU budget and funding

What happens to EU funding after Brexit?
Commons Library Insight
Examines what will happen to the funding for research, infrastructure and agricultural projects that the UK receives from EU programmes

The European Investment Bank
Commons Library research briefing
Looks at the European Investment Bank's membership and operation, and the UK's future relationship with the bank following Brexit

The UK's contribution to the EU budget
Commons Library research briefing, updated 23 March 2018
Discusses UK contributions to the EU budget and how much it receives back as well as potential post-Brexit payments to the EU

Brexit: the exit bill
Commons Library research briefing, updated 2 May 2018
Overview of the agreement reached on the financial contribution that the UK is expected to make after leaving the EU

Brexit and the EU budget
EU Financial Affairs Sub-Committee report
Says contributions to the EU budget will be a politically sensitive and important element of the withdrawal negotiations

A guide to the EU budget
Commons Library research briefing, updated 8 May 2018
Explains EU spending, sources of revenue, the UK's rebate and Member States' contributions and receipts

Brexit: UK funding from the EU
Commons Library research briefing, updated 10 January 2018
Looks at funding received by the UK from the EU and considers the implications of Brexit on the EU as a source of funding

Future funding from the European Investment Bank?
Commons Library Insight
Highlights uncertainties about sources of infrastructure investment, particularly from the European Investment Bank

Government spending on Brexit

The spending of the Department for Exiting the European Union
Commons Library research briefing
Overview of the costs of Brexit, looking at spending by the Department for Exiting the European Union and other departments

Economy

Transitional arrangements for exiting the European Union
Treasury Committee report
Report says an agreement between the UK and the EU27 on 'standstill' transitional arrangements is now urgent

Brexit impact: 58 sectors assessed
Commons Library Insight
Provides data on the current contribution 58 sectors make to the UK economy and the number of people they employ

Exiting the EU: sectoral assessments
Commons Library research briefing, updated 9 March 2018
Information prepared for the Opposition Day debate on the sectoral impact assessments of exiting the EU

The UK's economic relationship with the European Union
Treasury Committee inquiry
Considers transitional arrangements, preparedness for 'no deal' and the UK's long-term economic relationship with the EU

Productivity in the UK
Commons Library research briefing
Provides latest statistics on UK productivity and looks at the impact of Brexit on productivity growth

Single Market, citizens' rights and future economic requirements
Lords Library research briefing
Examines the impact of leaving the Single Market on citizens' rights and implications for UK economy, trade and financial services

Economic update: new targets, new forecasts
Commons Library Insight
Review of the Autumn Statement and the first forecasts for the economy and the public finances since the EU referendum

Business and industry

Impact of Brexit on business and industry

The impact of Brexit on the processed food and drink sector
Business, Energy and Industrial Strategy Committee
The Government is almost out of time to negotiate a trade system after Brexit, risking on impact on consumers, businesses and workers

Effect of the UK leaving the EU on tourism and the creative industries
Commons Library research briefing
Outlines the importance of tourism and the creative industries to the UK economy

The impact of Brexit on the aerospace sector
Business, Energy and Industrial Strategy Committee report
Argues that any departure and divergence from global standards would be self-defeating for the aerospace sector post-Brexit

Leaving the EU: implications for the automotive industry
Business, Energy and Industrial Strategy Committee report
Calls for close relationship with existing EU regulatory and trading framework to give UK car manufacturing a chance of survival

Impact on creative industries, tourism and digital single market
Digital, Culture, Media and Sport Committee report
Examines the potential impact of changes to the workforce, funding and the regulatory environment

The aerospace industry: statistics and policy
Commons Library research briefing
Analysis of statistics on the aerospace industry and overview of Government policy and the impact of Brexit on the industry

The Solvency II Directive and its impact on the UK insurance industry
Treasury Committee report
Explores the Solvency II Directive – an EU-wide insurance regulatory scheme – and looks at the insurance industry in terms of Brexit

Brexit and the implications for UK business
Business, Energy and Industrial Strategy Committee inquiry
Looks at the impact on the civil nuclear, automotive, aerospace, processed food and drink, and pharmaceuticals sectors

Leaving the EU: the impact on professional sport
Lords Library research briefing
Examines the potential effect of Brexit on the status of professional sportspeople and the possible economic impact on the sports sector

Brexit and financial services
Commons Library research briefing, updated 8 June 2018
What implications of Brexit are there for the financial services sector, an economic sector which is critical to the UK economy?

Effect of the UK leaving the EU on the rural economy
Commons Library research briefing
Information for the debate on the possible impact of EU withdrawal on the rural economy

Leaving the EU: impact on the creative industries
Lords Library research briefing
Information on the potential impact of leaving the EU on the creative industries, focusing on the video game industry and the film industry

The effect of leaving the EU on businesses in Wales
Commons Library research briefing
Information on the potential impact on business in Wales including growth prospects, EU funding, trade with the EU and EU regulations

Brexit: implications for the housing market and construction industry
Commons Library research briefing
How will Brexit affect construction industry confidence, the housing market and potential policy responses?

Potential effect of the UK leaving the EU on UK tourism
Commons Library research briefing
Examines the potential effect of leaving the EU on UK tourism with regard to visitor numbers, domestic tourism and exchange rates

Impact of Brexit on consumers

Product safety and recall
Commons Library research briefing
Overview of the current product safety regime in the UK, looking at regulation, recall policies and the possible impact of Brexit

Brexit: will consumers be protected?
EU Justice Sub-Committee report
Highlights concerns about the Government's approach to consumer protection after Brexit

Effect of UK leaving the EU on consumers and consumer protection
Commons Library research briefing
Debate on the impact for consumers of EU withdrawal and the continued application of EU-derived consumer protection law

Impact of Brexit on UK consumer regime
Commons Library research briefing
Overview of the main issues regarding the impact of Brexit on the UK's consumer regime under prospective trading models with the EU

The abolition of mobile roaming charges and Brexit
Commons Library research briefing
Examines the regulation of roaming charges in the EU and the possible impact of Brexit on UK consumers

Regulation

Brexit: competition and state aid
EU Internal Market Sub-Committee report
Examines the implications of Brexit for competition matters including anticompetitive conduct or agreements, merger control and State aid

Brexit: the future of financial regulation and supervision
EU Financial Affairs Sub-Committee report
Highlights the risks of no deal on market access and urges the government to provide greater clarity to the financial services sector

HM Government's plans for regulation
Lords Library research briefing
Overview of regulation in the UK and the potential impact of Brexit on UK regulatory bodies

Tax

VAT: EU proposals for reform and implications of Brexit (PDF 560 KB)
European Scrutiny Committee report
Urges the Government to set out how it intends to guarantee collection of VAT on imports entering the UK via Ireland

UK tax after the EU referendum
Commons Library research briefing, updated 7 July 2017
Looks at the extent to which the UK and the EU are responsible for tax law, and tax after Brexit

Promoting tourism in Northern Ireland through the tax system
Northern Ireland Affairs Committee report
Report calls on the Government to investigate if post-Brexit powers over VAT can be used to boost tourism in Northern Ireland

Further reading

Brexit reading list: economic, business and transport policy issues
Commons Library research briefing, updated 16 April 2018
Analysis and comment on trade, economic policy, EU budget, business and industry, employment and transport

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