As January marks five years on from Britain leaving the EU, Alicja Hagopian and Kate Devlin explore its impact

Summary

Five years after Brexit, its promises of sovereignty, economic gains, and reduced migration remain unfulfilled. While Brexit offers regulatory flexibility, its overall impacts are largely negative.

The UK economy has suffered a £100bn annual output loss, with GDP 4% smaller than it would have been without Brexit.

Trade barriers have reduced exports, particularly to the EU, with small businesses and sectors like agriculture and fishing hit hardest.

Migration has surged to record levels, but net EU migration has turned negative.

Public dissatisfaction is high, with 59% believing Brexit has gone poorly.

  • HexesofVexesEnglish
    15•1 day ago

    Brexit was a mistake? Who’d have thought it?

    The real irony is that age was a huge factor in voting - https://www.bbc.co.uk/news/uk-politics-36616028.amp

    So the folks getting a lot of the flak today are more likely to be remainers, I wonder how that’s going to pan out in the long run (spoiler, it’ll go as well as Brexit).

    The ones cleaning up the mess in the UK are not the ones who voted for it - keep that in mind.