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Federal Reserve Bank of Dallas
Economic Letter
Brexit Through the Gift Shop: No Refunds
Michael J. Sposi
Kelvinder Virdi

The effects of Brexit through higher barriers to trade could cost British households the equivalent of 428 British pounds annually or $580 in 2016 prices. Effects across the rest of the EU would vary, but countries that trade extensively with the United Kingdom, such as Ireland, stand to incur the greatest losses.

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Michael J. Sposi & Kelvinder Virdi, "Brexit Through the Gift Shop: No Refunds" , Federal Reserve Bank of Dallas, Economic Letter, volume 12, issue 15, pages 1-4, December 2017.
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