United Kingdom: The cost since 2016 of the Brexit referendum result provides an insight into the cost of a no-deal Brexit

In the United Kingdom, the 2016 Brexit referendum triggered: A n increasing fall in corporate investment; A depreciation of the exchange rate and a fall in household demand due to the deterioration in the terms of trade; But a boost to demand from exports , thanks to the exchange rate depreciation . In the event of a no-deal Brexit in October 2019 , investment and household demand would also fall , for the same reasons, but exports would fall , too , as trade slowed between the United Kingdom and the European Union.