Brexit, Burnham and Britain's Next Decade

Ten years after the Brexit referendum, many studies assess the effects on the UK economy as negative, pointing to weaker growth, lower investment and a tighter fiscal backdrop as its legacy. But the focus now is forward-looking. After Andy Burnham set out his 10-year economic vision centred on devolving more power to Britain’s cities and regions, the debate is shifting from what Brexit changed to what kind of economic model could define Britain’s next decade.

Joining Patrick Coffey, UK Chief Economist Jack Meaning reviews the state of the UK economy today, including subdued growth, inflation that remains close to 3%,and the limited room any future Chancellor has on borrowing, tax and spending. They examine whether greater devolution could support stronger growth and identify potential policy changes investors should watch. They also highlight why the UK’s underlying fundamentals may be stronger than market sentiment often suggests.

This episode was recorded on Monday 29 June at 3pm British Summer Time.

Listeners can hear more related to this topic:

-Decoding the bond sell-off

Clients can read more on Barclays Live:

-First Look: Burnham speech

-UK – 10 years after Brexit

-Making Sense of Makerfield

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