Front Matter Page
IMF Country Report No. 16/169
UNITED KINGDOM
SELECTED ISSUES
June 2016
This Selected Issues paper on the United Kingdom was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 1, 2016.
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© 2016 International Monetary Fund
Front Matter Page
UNITED KINGDOM
SELECTED ISSUES
June 1, 2016
Approved By
European Department
Prepared by an IMF staff team
Contents
MACROECONOMIC IMPLICATIONS OF THE UNITED KINGDOM LEAVING THE EUROPEAN UNION
A. Introduction
B. The UK In and Out of the EU
C. The Economics of EU Membership
D. The Economic Effects on the UK of Leaving the EU
E. Economic Effects on Other Countries
F. Conclusions
FIGURES
1. Financial Sector
2. Migration and the Labor Market
TABLE
1. Impact of Key Macroeconomic Variables
BOXES
1. Testing the Robustness of Estimated Effects of EU Membership on Trade and FDI
2. How Does Political Uncertainty Affect Economies?
3. What do we Learn from Disruptions to Other Longstanding Trade Relationships?
APPENDICES
I. Glossary of Terms
II. Comparison of Current and Potential Alternative Relationships with the EU
III. Summary of Formal Assessments of EU Exit
IV. Trade and Financial Exposures to the UK
V. Constructing the Conditional Transition Scenarios of Exit from the EU
References