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Britain's Economic Woes Fuel Discontent with Brexit a Decade After Historic Vote to Leave EU
Researchers say Brexit cut Britain’s GDP by 6% to 8% as business leaders report higher costs, weaker investment and more trade barriers.
- Britain marked 10 years since the 2016 Brexit vote, a milestone arriving as public frustration grows and the economy remains weaker than it would have been without leaving the European Union.
- Backers once promised a "bright new future" with regained control of laws and borders, yet the reality failed to live up to the hype as Britain struggled with anemic economic growth and creaking public services.
- Researchers at the National Bureau of Economic Research found Brexit reduced Britain's gross domestic product by 6% to 8%, while Chatham House's Creon Butler warned the exit resulted in a "major loss of wealth and prosperity."
- Prime Minister Keir Starmer has begun talks with the European Union about rebuilding a closer relationship to energize Britain's stagnant economy amid rising public dissatisfaction.
- A May survey found 48% of Britons said Brexit is going worse than expected, up from 28% in March 2021, while some business leaders blame politicians for failing to deliver on original promises.
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20 Articles
20 Articles
Courthouse News Service+3 Reposted by 3 other sources
Britain’s economic woes fuel discontent with Brexit a decade after historic vote to leave EU
LONDON (AP) — Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far away as Ghana and Barbados. Mike Hawes represents Britain’s carmakers as the head of the Society of Motor Manufacturers and Traders. The business leaders were on different sides of the debate when Britain voted to leave the European Union in 2016. But 10 years later, they are both frustrated by Brexit. A decade ag…
·Pasadena, United States
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Associated Press News+15 Reposted by 15 other sources
Britain's economic woes fuel discontent with Brexit a decade after historic vote to leave EU
Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far away as Ghana and Barbados.
·New York, United States
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Total News Sources20
Leaning Left6Leaning Right3Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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