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.
My current and former workplace both took huge hits and ended up cutting staff because it suddenly became super expensive to import raw materials, and more difficult and expensive to export finished goods. But it’s ok because some retired boomers get to shout ‘taking our country back’ then blame foreigners for anything negative that happens
And then fly back to Spain with the sense of superiority that comes from carrying a blue passport.