UK marks gloomy third year Brexit anniversary
UK marks gloomy third year Brexit anniversary
By Euronews with AFP • Updated: 31/01/2023 - 22:43
Britain has marked the third year anniversary of its historic break with the European Union in sombre conditions. Gripped by a grinding cost of living crisis, the country has few reasons to rejoice, with the International Monetary Fund offering grim predictions for its economic outlook on Tuesday.
According to its latest forecast, Britain will be the only major economy to suffer a recession this year, with its economy shrinking by 0.6%. Three years after Big Ben chimed at 11:00 p.m. to mark the divorce, Brexiters' promises of more freedom seem a long way off, and there is a growing sense of Brexit regret or "Bregret" among the public.
…Even though the COVID pandemic and Ukraine war have considerably worsened the situation, there is considerable evidence that Brexit has damaged the economy.
According to the public budget forecasting body OBR, leaving the EU will reduce the size of the UK economy by around 4% in the long term.
https://www.euronews.com/2023/01/31/uk-marks-gloomy-third-year-brexit-anniversary
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