Key facts
- A decade has passed since the UK voted to leave the European Union.
- British business leaders express frustration with Brexit's economic impact.
- The UK economy has experienced anemic growth.
- High taxes and strained public services are noted consequences.
- Economists estimate significant reductions in GDP, investment, and productivity.
- A decade-long effort to forge a new arrangement for the UK-Ireland border has not yielded a deal.
- Negotiations for the UK-Ireland border are ongoing between London and Brussels.
Ten years after the United Kingdom's vote to leave the European Union, British business leaders are expressing significant frustration regarding the economic consequences of Brexit. Despite assurances of a more prosperous future outside the EU, the UK economy has experienced a period of anemic growth. This sluggish performance is accompanied by high taxes and a strain on public services. Economists have estimated that Brexit has led to substantial reductions in the UK's Gross Domestic Product (GDP), overall investment, and productivity levels.