The impact on trade overall appears to have been broadly consistent with predictions so far, that on immigration much less negative (and perhaps even positive) and on investment somewhat worse. Perhaps the best estimate of the negative impact on Brexit on UK GDP to date is 2–3% of GDP.
The first concerns the United Kingdom. Aside from a few hard-liners, Brexit -- the decision to leave the common market made by Boris Johnson's administration -- has become a disaster.
Lessons from seven lean years of Brexit
28/04/2023
Almost seven years on from the Brexit referendum, there remains uncertainty over the future UK-EU relationship. Reflecting on the lessons from the last seven years, Neil Kinnock argues there remains a clear case for the UK being an economic, political, social, scientific and cultural part of the Europe of the future.
The Northern Ireland protocol is said to be a blight on regional economy. That’s just not true
15/05/2022
After an initial shock to businesses, manufacturing jobs are growing four times faster here than the UK average.
Brexit, two years on – so far, so bad
31/01/2023
31 January marks the two-year anniversary of the UK’s official withdrawal from the EU. Investment Monitor examines how hard Brexit has hit the UK economy so far.
Despite the UK Government's previous statements and current position, the Secretary of State for the Department of Work and Pensions, Mel Stride today confirmed that 'friction' with the EU due to Brexit has had impact on UK economy.
Having been grossly misled in the referendum, Britons’ anger is mounting as the reality of our plight becomes clear.
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.
The impact of Brexit, in charts
03/01/2023
How has leaving the EU affected Britain?
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.
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.
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.
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?
Unprecedented global conditions have lacerated the UK economy. Yet it's a situation that's been considerably worsened by Brexit.
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.”
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%.”
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.
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 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.
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.
Brexit after Boris
31/07/2022
Boris Johnson became prime minister on the promise that Brexit would bring prosperity and pride. Did it?
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.
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.
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.