Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.
With a potential trade war looming, Conservatives are stuck in an ever-more destructive disagreement over what Britain should look like outside the EU.
A conspiracy of silence over Brexit
22/06/2022
ix years after the EU referendum, the United Kingdom is being forced to confront an inconvenient truth: Brexit is a process, not an event. It is emphatically not done. Only now are the consequences of the “oven-ready deal” of which Boris Johnson boasted becoming clear.
Immediately after the referendum, sterling depreciated. This brought forward the impact on household incomes of what would otherwise be a slow burn change for the UK economy.
The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why.
The post-Johnson era is already a nightmare
19/07/2022
Boris Johnson’s Trumpian remarks on the “deep state” will almost certainly have a destructive effect on British democracy.
The Conservative leadership contenders are not being required to explain how they would address the devastating economic impacts of our decision to leave the EU. They should be.
Liz Truss and Rishi Sunak feel bound to talk lower spending to party members, but the former chancellor at least must see the folly of losing billions off our GDP.
Brexit after Boris
31/07/2022
Boris Johnson became prime minister on the promise that Brexit would bring prosperity and pride. Did it?
Brexit Britain Confronts Reality
18/08/2022
Britons must look at themselves calmly and honestly, recognizing the tough times that lie ahead and the changes needed to get the country back on track. Unfortunately, the country's political leaders remain unwilling to treat voters like grown-ups.
The UK and the global economy after Brexit
27/04/2022
Brexit has reduced UK trade openness, foreign direct investment (FDI) inflows, and immigration growth. New border frictions and higher transport costs pose new barriers to trade, and FDI inflows are unlikely to return to levels reached in the 1990s and 2000s.
Truss can’t hide from the crisis she created
28/09/2022
Rejecting expertise and skill in favour of loyalty was always going to lead to this.
The pound’s latest collapse is a symptom, but Britain’s decline has been going on for years
30/09/2022
The spectacular collapse of the pound against the US dollar has shattered the illusion that Britain is entitled in perpetuity to special status among the world elite.
One word led us here… Brexit
18/10/2022
The collapse of Liz Truss’s authority is the logical conclusion of the anti-EU cult that has wrecked Britain’s economy over the last six years. / When asked about Brexit, Carney managed to sound diplomatic while also lobbing a hand grenade. “Put it this way,” he said. “In 2016 the British economy was 90% the size of Germany’s. Now it is less than 70%.”
Even voices on the Right acknowledge this fact, says Paul Vallely. / THERE have been so many U-turns recently that you might be forgiven for having missed this one. The Daily Telegraph ran a piece at the weekend headlined: “Project Fear was right all along.”
Unprecedented global conditions have lacerated the UK economy. Yet it's a situation that's been considerably worsened by Brexit.
Try and find an instance of the market reacting to tax cuts anywhere else on Earth the way it reacted to the UK’s mere mention of such a simple policy. The market usually loves tax cuts. Not this time. Why?
Trade, migration and Brexit
25/10/2022
Jonathan Portes assesses the extent to which predictions about trade and migration before the Brexit vote have materialised, highlighting that trade has been reduced by additional barriers but the extent to which liberalisation would increase migration flows in the short term was underestimated.
Brexit Bites Back
12/12/2022
In recent months, British public opinion on the issue of Brexit has shifted. Many people in Britain are becoming more critical of Brexit.
Michael Heseltine: Fifty years ago, we joined the EU – today, I deplore the deception of Brexit
01/01/2023
I look back to 1973 as the post-war year when Britain accepted the loss of its empire and chose a new European destiny.
The impact of Brexit, in charts
03/01/2023
How has leaving the EU affected Britain?
Editorial: The UK’s six-year Brexit hangover
05/01/2023
There's little talk of reversing the decision, but evidence of Brexit-induced harm is piling up.
Having been grossly misled in the referendum, Britons’ anger is mounting as the reality of our plight becomes clear.