Trade down, economy sinking, support falling: is the tide finally turning on Brexit?

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Three years on, Bregret hits home in Britain. For the EU, though, life has moved on

spent dealing with Brexit, the former EU negotiator’s endless talks with British counterparts failed to help him answer the simplest of questions – what did they want Brexit to achieve?. “Taking into account British national interest, there is no added value to being outside the single market and the customs union.

“I actually voted for Brexit, and I’ve got my own reasons for that – I want the UK to be in charge of our own laws,” said Alison, a caller whose business works with manufacturers. “We were told we’d have a lot more money in the UK. Actually, we were totally mis-sold.” Paul Johnson, director of the Institute for Fiscal Studies, said other countries were not being affected to the same extent as the UK by shortages of labour. The UK labour force, he said, had half a million fewer people than before the pandemic, as a result of people retiring early and fewer EU immigrants.… it’s a particular challenge for us,” he said. The continuing “challenges from Brexit” and the rapid impact of higher interest rates on mortgage costs were also factors, he said.

Lord Moylan, a Tory peer and former adviser to Boris Johnson, says an economic hit should come as no surprise. “The negotiations were appallingly handled, but as far as Great Britain is concerned, Brexit is now complete,” he says.laws and make our own laws. That’s what Brexit is all about, and it has been done. If you leave a customs union, you’re going to trade less. It’s obvious. Why would anybody be surprised about that? Inevitably, it would have an effect on trade.

 

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