A Decade After Brexit: Britain Grapples With Economic Fallout
WHO:
ABC News - Keir Starmer announced he is stepping down as Prime Minister.
ABC News - Andy Burnham is identified as Starmer's likely successor.
AP News - Simon Boyd, managing director of REIDSteel, employs about 130 people at a plant in Christchurch, England.
AP News - Mike Hawes, head of the Society of Motor Manufacturers and Traders, represents Britain’s carmakers.
AP News - Creon Butler, who leads the global economy and finance program at Chatham House, stated that leaving the EU has resulted in a major loss of wealth and prosperity.
CNN - Michael Saunders, senior adviser at Oxford Economics and former Bank of England official.
CNN - Julian Jessop, independent economist and Leave supporter.
CNN - Geraint, British software developer from the West Midlands.
ABC News - Simon Boyd, managing director of REIDSteel.
ABC News - Mike Hawes, head of the Society of Motor Manufacturers and Traders.
ABC News - Creon Butler, leader of the global economy and finance program at Chatham House.
ABC News - Oli Khan, president of the Bangladesh Caterers Association UK.
PBS - Keir Starmer, Prime Minister of the UK.
PBS - Andy Burnham, likely successor to Keir Starmer.
WHAT:
PBS - A survey conducted in May found that 52% of people in the UK would like to rejoin the EU, while 33% oppose it.
PBS - The same survey indicated that 48% of respondents believe Brexit is going worse than expected, an increase from 28% in March 2021.
AP News - The report from the National Bureau of Economic Research states that Brexit has reduced Britain’s GDP by 6% to 8%, investment by 12% to 13%, and productivity by 3% to 4%.
AP News - A recent report from the National Bureau of Economic Research states that Brexit has reduced Britain’s GDP by 6% to 8%, investment by 12% to 13%, and productivity by 3% to 4%.
AP News - A survey conducted by Ipsos found that 48% of Britons believe Brexit is going worse than expected, an increase from 28% in March 2021.
CNN - A YouGov poll indicates that six in 10 Brits believe Brexit has been a failure.
ABC News - A recent report from the National Bureau of Economic Research states that Brexit has reduced Britain's GDP by 6% to 8%, investment by 12% to 13%, and productivity by 3% to 4%.
PBS - A survey conducted by Ipsos found that 48% of Britons believe Brexit is going worse than expected, an increase from 28% in March 2021.
PBS - The same Ipsos survey found that 48% of respondents would support another referendum on the UK's EU membership, while 27% would oppose it.
The Guardian - Support for Scottish independence currently stands at about 50%, reaching 55% in some polls, according to Kezia Dugdale, former leader of Scottish Labour.
CNN - The Brexit referendum occurred on June 23, 2016, with 51.9% voting to leave the EU.
CNN - Brexit has reduced the UK’s economic growth potential by estimates ranging from 2% to 8%.
CNN - Net migration to the UK has averaged 550,000 a year since 2021, with a peak of just under 950,000 in 2023.
ABC News - Brexit has reduced Britain’s GDP by 6% to 8%, investment by 12% to 13%, and productivity by 3% to 4%.
ABC News - EU countries account for 41% of Britain’s exports and half of its imports.
PBS - A survey found that 52% of people in the UK would like to rejoin the EU, while 33% oppose it.
PBS - The number of small boat crossings peaked at 46,000 in 2022 and reached 41,000 the following year.
WHERE:
CNN - The UK, specifically mentioning the West Midlands region.
ABC News - The south coast of England, specifically Christchurch.
ABC News - Locations including Aberdeen in Scotland and Aberystwyth in Wales.
WHEN:
CNN - The UK formally withdrew from the EU on January 31, 2020.
ABC News - The Brexit vote took place on June 23, 2016.
PBS - The survey was conducted in May, with results indicating growing frustration with Brexit.
WHY:
AP News - Boyd stated that Brexit hasn’t delivered on its promise because politicians, large corporations, and other entrenched interests worked to thwart the will of the people.
The Guardian - Kezia Dugdale stated that the Brexit vote created a sense of betrayal among Scots, as they voted 62% to 38% to remain in the EU, yet were taken out of Europe.
CNN - Brexit was driven by a desire for less regulation and reduced immigration.
ABC News - Business leaders express frustration over the economic reality failing to meet Brexit promises.
PBS - Brexit was born out of frustration with the EU and the global financial crisis of 2008.
HOW:
CNN - Bosch's British subsidiary now handles 10,000 import transactions per year, up from just 40 annually prior to Brexit.
AP News - Starmer has begun talks with the EU about rebuilding a closer relationship to energize the country’s stagnant economy.
CNN - Bosch's British subsidiary now handles 10,000 import transactions per year, up from just 40 annually prior to Brexit.
CNN - The UK was part of the EU customs union and single market before Brexit, allowing free movement of goods, people, and capital.
ABC News - New rules governing trade in goods and services made it more expensive and time-consuming to do business with European partners after Brexit.
(UPDATED June 23, 2026 06:19 UTC)
In a significant political shift, Keir Starmer has announced he is stepping down as Prime Minister, with Andy Burnham emerging as his likely successor. A recent survey revealed that 52% of people in the UK are in favor of rejoining the EU, while 48% believe Brexit is going worse than expected, a notable rise from 28% in March 2021. Additionally, a report from the National Bureau of Economic Research indicates that Brexit has led to a reduction in Britain’s GDP by 6% to 8%, investment by 12% to 13%, and productivity by 3% to 4%, while Bosch's British subsidiary now manages 10,000 import transactions annually, a dramatic increase from just 40 before Brexit.
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(UPDATED June 22, 2026 18:21 UTC)
A recent report from the National Bureau of Economic Research reveals that Brexit has led to a significant decline in Britain's economy, with GDP down by 6% to 8%, investment reduced by 12% to 13%, and productivity falling by 3% to 4%. Simon Boyd, managing director of REIDSteel, expressed disappointment that Brexit has not fulfilled its promises, attributing this to the influence of politicians and large corporations. In response to these challenges, Labour leader Keir Starmer has initiated discussions with the EU aimed at fostering a closer relationship to revitalize the country's struggling economy.
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(UPDATED June 22, 2026 08:49 UTC)
A recent YouGov poll reveals that six in ten Brits believe Brexit has been a failure, while a report from the National Bureau of Economic Research indicates that it has reduced Britain's GDP by six to eight percent and investment by twelve to thirteen percent. Additionally, a survey by Ipsos shows that nearly half of Britons feel Brexit is going worse than expected, and many support another referendum on the UK's EU membership. In Scotland, support for independence is currently around fifty percent, with some polls even reaching fifty-five percent, as many Scots feel betrayed by the Brexit vote that took them out of the EU despite their majority preference to remain.
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(UPDATED June 22, 2026 06:44 UTC)
Brexit continues to shape the UK’s economic landscape, with estimates suggesting it has reduced the country's GDP by as much as 8% and investment by up to 13%. A recent survey revealed that 52% of people in the UK would like to rejoin the EU, reflecting growing frustration with the economic realities that have emerged since the formal withdrawal on January 31, 2020. Meanwhile, net migration to the UK has averaged 550,000 annually since 2021, with a peak of just under 950,000 in 2023, highlighting ongoing challenges related to immigration and trade.