Friday marks five years since Britain left the European Union on Jan. 31, 2020. People and businesses are still wrestling with the economic, social and cultural aftershocks.

Summary

Five years after Brexit, its economic and political effects are still unfolding.

Trade with the EU has become more expensive and complex, with mid-sized businesses struggling the most.

UK economic growth is projected to be 4% lower long-term, and new trade deals haven’t offset EU losses.

While public opinion has turned against Brexit, rejoining the EU remains unlikely.

Prime Minister Keir Starmer aims to improve relations but won’t re-enter the single market, as both sides cautiously rebuild ties.

  • nogooduser@lemmy.worldEnglish
    14·
    9 hours ago

    new trade deals haven’t offset EU losses.

    I’m shocked that a single state wasn’t able to negotiate better deals than that same state plus 27 others.