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.

  • Optional@lemmy.worldEnglish
    9·
    6 hours ago

    5, 10, 20 - yeah. The effects are emerging for the rest of everyone’s lifetime. There are probably future generations who won’t notice.

    It’s just an astounding piece of self-destruction. Much like electing trump. In many, many, very practical and concrete ways.