Brexit has significantly reduced UK economic growth, experts confirm a decade on
By
Richard Partington
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
As the 10th anniversary of the Brexit vote approaches, analysis shows that leaving the EU has made Britain significantly poorer. While the immediate recession predicted by Treasury forecasts did not materialize (partly due to confounding events like Covid, Ukraine war, and Trump's trade battles), long-term economic forecasts were accurate. The UK economy is substantially smaller than it would have been inside the EU, trade has suffered, and households and businesses have faced severe costs. Experts agree that Brexit has been a net negative for Britain's economic performance.
Key quotes
· 3 pulledThe immediate recession predicted in the Treasury forecasts ordered by George Osborne – dubbed 'project fear' by the Leave campaign – did not happen.
But experts agree the long-term forecasters were on the money: the economy is significantly smaller than it would otherwise have been, trade has suffered.
As the 10th anniversary of the Brexit vote approaches, the verdict on Britain's economic performance is clear: voting to leave has resulted in severe costs for households and businesses.
You might also wanna read
Brexit reduced UK GDP by 6-8%, investments by 12-18% [pdf]
Brexit Hit to UK Economy Double Official Estimate, Study Finds
Britain's Economic Decline: A Case Study in Self-Sabotage Since 2007
The article argues that Britain has experienced severe economic decline since the 2008 financial crisis, with output per person now barely e
theatlantic.com·5d ago
Analyzing the U.S. Economy's Unexpected Resilience Amid Warning Signs
This article analyzes the puzzling resilience of the U.S. economy despite multiple warning signs, including weak manufacturing due to Trump'
noahpinion.blog·8mo ago
Britain's immigration crackdown comes at a cost to its economy
This article from The Economist (May 2026) argues that Britain's immigration policies have shifted from being wide open to overly restrictiv
economist.com·16d ago
Ipsos Poll: 52% of Britons Now Support Rejoining the EU, Reversing 2016 Brexit Result
A new Ipsos poll of 1,137 British adults shows that 52% of Britons now think the UK should rejoin the European Union, reversing the 2016 Bre
bloomberg.com·7d ago