Outlines consequences for the European Union and the United Kingdom of completing the European single market. BIS economics paper number 11.
This economics paper builds on recent developments in economic theory to provide a refreshed view of the benefits of completing the single market, for example eliminating the remaining obstacles to trade across Europe. Also assesses the consequences of hypothetical scenarios in which the UK would decide to opt out of further trade liberalisation in Europe.
Data for figures and tables in this publication is also available as a spreadsheet.