🚨 Ten years after the referendum and the verdict is in:
@dsmitheconomics in The Sunday Times lays out the lost growth advantage.
UK real per capita GDP growth 2016–2025: just 5.4%
Italy: 11.6%
Spain: 11.1%
Eurozone: 10.2%
France: 8.4%
Britain needs to face reality and undo Brexit.
🚨 Brexit has damaged UK investment, growth, trade and productivity.
The UK used to comfortably outperform France, Germany and Italy. That advantage has gone.
GDP per head has lagged behind major EU peers since 2016. The post-Brexit immigration surge has masked some of the weakness in underlying performance.
Public opinion has shifted dramatically. A majority now believe Brexit was a mistake, with polls suggesting a rejoin referendum could pass by a big margin.
The current “reset” under Starmer is delivering very little, just 0.3% of GDP over 15 years according to some estimates.