Implications of Brexit

On 29 March 2019, the UK will cease to be a member of the EU. After more than four decades in the EU, Brexit will have wide-ranging implications for the UK, the EU, and third countries around the world. Uncertainty about the future EU-UK economic partnership and brinkmanship in the Brexit negotiations has started to impact the UK’s economic performance, while its post-Brexit geopolitical role and influence have come under scrutiny. But there may also be opportunities for the UK to reposition and rebrand ‘Global Britain’ in the world, including within the Commonwealth, and pursue its own independent trade policy. This chapter examines some of the key International Political Economy (IPE) implications of Brexit for the UK, the EU, and the wider global economy, including the world’s poorest nations.