Coronavirus (COVID-19): the case for extending the Brexit transition period
This paper sets out why it is vital, if we are to ensure the most rapid recovery possible from the COVID-19 crisis, that the UK Government immediately seeks an extension to the Brexit transition period (scheduled to finish on 31 December 2020) for two years.
Annex A Results of Economic Modelling
The graphs in this annex represent the same data as in Graph 1 and Graph 2 in the main body of this document, but disaggregated according to the two different, illustrative, COVID-19-recovery scenarios.
![Graph showing disaggregated data from Figures 1 and 2 of change in GDP (%) for A) Temporary Demand Shock – V shape recovery – no Brexit, B) Temporary Demand Shock – V shape recovery – no-trade deal Brexit end 2020, C) Temporary Demand Shock – V shape recovery –no-trade deal Brexit end 2022](/binaries/content/gallery/publications/research-analysis/2020/06/covid-19-case-extending-brexit-transition-period/SCT04205041141_g06.gif)
![Graph showing disaggregated data from Figures 1 and 2 of change in GDP (%) for A) Temporary Demand Shock – V shape recovery – no Brexit, B) Temporary Demand Shock – V shape recovery with FTA Brexit end 2020, C) Temporary Demand Shock – V shape recovery with FTA Brexit end 2022](/binaries/content/gallery/publications/research-analysis/2020/06/covid-19-case-extending-brexit-transition-period/SCT04205041141_g07.gif)
![Graph showing disaggregated data from Figures 1 and 2 of change in GDP (%) for D) Cyclical Shocks with Damage to Productive Capacity – no Brexit, E) Cyclical Shocks with Damage to Productive Capacity – with no-trade deal Brexit end 2020, F) Cyclical Shocks with Damage to Productive Capacity – with no-trade deal Brexit end 2022](/binaries/content/gallery/publications/research-analysis/2020/06/covid-19-case-extending-brexit-transition-period/SCT04205041141_g08.gif)
![Graph showing disaggregated data from Figures 1 and 2 of change in GDP (%) for D) Cyclical Shocks with Damage to Productive Capacity – no Brexit, E) Cyclical Shocks with Damage to Productive Capacity – with FTA Brexit end 2020, F) Cyclical Shocks with Damage to Productive Capacity – with FTA Brexit end 2022](/binaries/content/gallery/publications/research-analysis/2020/06/covid-19-case-extending-brexit-transition-period/SCT04205041141_g09.gif)
Contact
There is a problem
Thanks for your feedback