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on the effects of trade on welfare net of lower fiscal transfers to the EU. We use a standard quantitative static general …
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expectations about future UK-EU relations. Studying its consequences provides new insights regarding the economic impacts of news …, there was little or no trade diversion away from the EU, implying that many of the anticipated long-run effects of Brexit … did not materialize before the new UK-EU trade relationship came into force in 2021. …
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