Bailey said "the evidence on Brexit suggests that the changing trade relationship has weighed" on the U.K. economy by putting up barriers and hampering productivity.
Bake Off star Sandi Toksvig and anti-Brexit firebrand Gina Miller are running to be the next Cambridge cancellor, amid warnings from a rival that they may lower the tone at the highbrow institution.
Experts now believe the shock ruling could set a precedent for all Brits who had permanent resident status in the European country before the referendum.