All articles tagged with #brexit
Nigel Farage faces fresh scrutiny over undisclosed gifts and large outside income, with Parliament’s standards watchdog reviewing potential breaches as Reform UK’s momentum stalls after local-election gains and ongoing investigation looms over gift disclosures.
Ten years after the Brexit vote, the UK’s political story is defined by a string of Downing Street lecterns and prime minister resignations, beginning with Cameron in 2016; the Guardian piece with Dan Sabbagh revisits that night, media dynamics, Jo Cox’s murder, and argues that Brexit has forged a lasting fault line in British politics, shaping leadership and public trust for years to come.
A decade after the referendum, Brexit supporters argue the case for sovereignty and taking back control, particularly over immigration, while critics flag rising migration and limited economic gains; the political fault lines persist, with some deregulatory steps taken but no decisive economic boom.
Keir Starmer resigns after a tenure marked by scandals, reversals and sweeping local defeats, paving the way for Andy Burnham to become Britain’s next prime minister as Labour faces a multi-party post-Brexit landscape. The piece argues Labour’s 2024 majority was an illusion born of Britain’s electoral dysfunction, and while Burnham’s charisma offers hope to arrest the downward slide, there’s no guarantee he can reverse the trajectory before the next election.
A decade after the UK left the EU, the economic picture is mixed: goods trade with the EU has lost variety and volume, especially for exports, while services exports to the EU and elsewhere have risen; business investment has underperformed pre-Brexit trends; the pound’s volatility has pushed up import costs but helped exporters; some trade deals yielded only marginal gains; estimates of the overall hit vary (roughly 3–8% of potential GDP or around 6–8% per capita), and experts disagree on how much Brexit alone caused the gap given global shocks. The coming years will hinge on policy choices about future UK-EU relations and whether deeper ties or re-joining are pursued.
Ten years after Brexit, Britain's economy remains under pressure: weak GDP per-capita growth among the G7, stubborn inflation, subdued investment, and a shrinking share of financial services away from London, all amid political volatility and gilt-market wobbliness; sterling is about 10% weaker than pre-2016 levels, increasing import costs, though sectors like fintech, life sciences and AI retain global strengths.
Ten years after the 2016 referendum, the UK’s promises of growth and frictionless trade largely haven’t materialized: GDP per capita lags the EU, investment cooled, and trade with Europe remains lower under the EU–UK deal. The pound hasn’t recovered to pre-Brexit levels, migration shifted away from the EU while total net migration peaked, and most EU law remains retained with divergence unfolding slowly. Public opinion has shifted toward regret, with polls suggesting a sizable share supports rejoining the bloc.
Keir Starmer’s resignation amid Britain’s post-Brexit turmoil kicks off another round of leadership churn, with Andy Burnham tipped as the front-runner to become the seventh prime minister in ten years. The piece traces how a sequence of shocks—from the 2008 financial crisis and austerity to Brexit, Covid, and energy-price surges—has weakened trust in government and fractured the two-party system, leaving the country searching for stability while Burnham pledges reforms to utilities and social care.
Ten years after the Brexit vote, UK politics remain deeply divided and unsettled as Brexit’s consequences persist: successive Conservative leaders struggled to resolve tensions from the referendum, Labour remains split over Europe, and voters have drifted toward smaller parties like the Greens and Reform UK, while a notable segment of the public expresses “Brexit regret” and a desire to rejoin the EU—yet reentry would be complex, leaving Brexit as unfinished business that continues to shape policy, debate, and trust in politicians.
Brexit’s decade has yielded little growth payoff: GDP is estimated to be 6-8% lower by 2025 due to uncertainty and misallocation; EU net migration turned negative in 2022 while non-EU migration rose to fill gaps; the pound remains about 10% weaker than its 2016 level, raising import costs; the FTSE-100 has lagged the FTSE-250 and US stocks; the EU remains the UK’s largest trading partner with tariff-free trade secured by a 2021 deal; prime ministers have changed frequently, highlighting political churn.
Ten years after the Brexit vote, economists broadly agree the UK economy has faced a persistent drag on growth. While some worst‑case fears didn’t materialize, estimates of foregone output range from about 2% to as much as 8%, driven by weaker investment, productivity and living standards. EU trade remains costlier and more cumbersome, though services—especially financial services—remain a bright spot and London stays a global hub. New non‑EU trade deals are modest in impact compared with EU trade. Immigration surged after Brexit, and political leaders remain reluctant to rejoin the EU, given divisions and uncertainty about future access. Overall, Brexit has reshaped the economy: it retains strengths in services and finance, but comes with a clear, ongoing price in slower growth and higher policy trade‑offs.
Brexit has weakened the UK economy, reducing GDP by about 6–8%, investment by 12–13%, and productivity by 3–4%, with labor shortages hitting curry houses that relied on Eastern European workers and a costlier, slower auto sector, as the government seeks closer EU ties to revive growth amid rising public frustration with Brexit.
President Donald Trump posted that UK Prime Minister Keir Starmer would resign, a highly unusual intervention in British politics that Starmer has not publicly commented on, as Labour faces setbacks and leadership speculation.
A Bank of England–backed study using its Decision Maker Panel data finds Brexit shaved about 6% off UK GDP over 10 years, with broader methods averaging around 8%. The impact on financial services was notable but not as severe as some feared. Some economists argue such estimates are hard to isolate and may overstate effects, but this approach marks a novel use of BoE corporate data to gauge Brexit consequences ahead of the referendum’s 10-year anniversary.
Canadian Prime Minister Mark Carney warns Alberta’s plan to vote on independence could mirror Brexit, calling it a dangerous bluff that could deter investment and isn’t the democratic will of Albertans, as Premier Danielle Smith says separation is up to Albertans. Smith blames Ottawa policies under Trudeau for grievances, while Carney campaigns for Canada’s unity and a pipeline to Asia to address Alberta’s oil-pipeline ambitions.