Years after the United Kingdom’s formal departure from the European Union, the economic consequences of Brexit continue to impact both the British and global economies. Independent economic analyses indicate significant reductions in trade volumes, a decline in productivity, and a contraction of the UK’s gross domestic product compared to scenarios where it remained in the bloc. These shifts have restructured international trade routes, altered labor markets, and introduced new regulatory barriers for global businesses operating within Europe.
- Studies estimate the UK economy is approximately 4% to 5% smaller than it would have been had it remained in the European Union.
- New customs controls and regulatory requirements have increased transaction costs for international businesses trading between the UK and the EU.
- The UK agricultural, hospitality, and healthcare sectors continue to face structural labor shortages following the end of free movement.
- Financial services have experienced shifts, with assets and jobs relocating from London to continental European hubs like Paris, Frankfurt, and Amsterdam.
- Foreign direct investment into the United Kingdom has slowed down, impacting long-term economic growth projections.
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Official website: https://www.bloomberg.com/
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Okay, the paw joke was good 😂
The whole Brexit story showed one thing clearly: many of the so-called expert studies from elite institutions like Oxford and Cambridge completely failed to understand the real economy.
From an academic point of view, everything can look logical on paper. But in business, you see the reality much faster. I have been in business for 30 years, and what I see in the UK is simple: money has left, confidence has gone, and the productive economy is weaker every year.
The UK is not finished as a country, but its real economic engine is seriously damaged. And in my opinion, that money and momentum will not return easily.
Run!
NEGATIVE NET choice for almost every single person in the UK
Democracy only works if an adequate majority of the electorate understand what they are voting for. If not, you get BREXIT, Maga, and similar nonsense.
Don't care. It was a vote in favor of racism and of a glorified past that never existed. Now enjoy
It wasn’t against globalization. It was pure racism. But it made the EU stronger than ever. The UK was always the disturbing the process of growing into a union.
Utterly boneheaded decision. And now the same idiots that voted for Brexit will vote for Reform and just make it infinitely worse. Well done Britain… so glad I left and went to live in Europe.
From France : The Lost of GDP whit BREXIT for Britain Wax allways predicted 4% and it delivered exactly that But more then that the lost of influence in the bigest market in the world Britain becoming a rule taker and no more a rule maker as also been accurate
Now everyone sees how armful Brexit is for Britain and thee example of North Ireland shows it more then all other numbers
And there are still Brits who support the dummies who pushed for Brexit.
Really curious why is Singapore's education system is still tied with the UK's GCE! The system that bred a generation of not-so-smart kids 🤣🤣
The people were poor before brexit and just as poor after, I don’t think it mattered to be honest.
First time in history that people voted to economically embargo themselves 🤣
Reform UK is just the same people promising the same things again and again and none of those promises can or will be kept… again!
Brexit was based on lies about how much the EU actually controlled the UK and all that happened after has had nothing to do with the EU!
It has all been down to the UK on it's own but Reform UK try to make it out as if EU somehow still controls everything and pulls the strings…
Ridiculous… the same level of "intelligence" that voted for Trump and MAGA in the US voted for Brexit and are voting for Reform UK now!
Neither Trump/MAGA in the US or the Brexit/Reform UK crowd in the UK will ever do anything that really helps the common people…
If the UK joins the EU you will be hitching your wagon to a horse with wooden teeth.
Brexit what Brexit Never done, Oh we were punished for daring to vote against the Establishment by both the EU and Government to make thing's as hard as possible, but 10 years on we are no worst off than the EU In fact we are better off and if Brexit was allowed to happen we could Boom, but this would mean MP's would need to do some work not just dictating to the people what the EU says.
Anger at immigration (brown immigration) caused this self harm (Brexit). Anger at immigration (racism) caused self harm in the US (trump). Throw in anger about globalization and the loss of manufacturing jobs – end of story. And these stories don’t end well
This act of a flawed Democracy has harmed the general public but not the wealthy. It illustrates that we are NOT governed by our elected political leaders, but the wealthy people behind them. Money rules the world in a Capitalist society. The more you have, the more power you have.
As the imbecile Trump has demonstrated, as the value of the US dollar has greatly diminished under his time occupying the White House, if you collapse your economy, you lose influence abroad. This is true whether you are a family, state or economic union like the EU.
It's the Golden Rule. Those that have the money make the rules. Our politicians don't rule. The 'Banksters' do. The 'financiers', the money lenders.
Most of the worlds currency today is 'Fiat' money. Paper, or just ones and zeros in computers. It's value comes from the trust we put in it, and when the 'money community' play games with it, it loses it's perceived value. If the western world, the US, UK, Europe and the Arab states keep effectively devaluing our currency it will collapse our economies and reduce the 'west' to serfdom unseen since the middle ages when Kings (who are just hereditary Dictators) and their 'Aristocracy' (appointed, not elected local rulers) pillaged their domains and serfs that slaved to produce enough to survive, if they were lucky.
Well, at least the NHS is out of financial trouble 🙃
If Brexit voters held their leaders accountable for the current reality, Nigel Farage would have gone into hiding long ago.
The chickens 🐓 are still voting for the fox 🦊 Nigel Farage lumped the country with this weakness, and they STILL support him
What would be the cost of ignoring the referendum? An escalated dominance of the elite perhaps. The same endless failed group that uses every mechanism to maintain and expand their morally bankrupt kleptocratic authoritarian control. 1984 seems almost naive in the face of today's world.
They found out after Brexit that Farage lied to them about Britain sending 350million pounds, I think he said each week. Which was one of the main reason many voted to leave. And now they want to make him PM. You couldn't make it up.