The United Kingdom economy has suffered a 6% loss since the Brexit referendum took place 10 years ago [1].
This finding challenges the original promises that leaving the European Union would provide an economic boost. The shift in economic performance coincides with a change in public sentiment, as a growing number of citizens now view the decision to leave as a mistake.
Ten years have passed since the June 2016 vote [2]. While some analysts suggest the long-term jury is still out on the full impact, current data indicates a significant downturn in economic growth [1]. The 6% hit to the economy reflects the friction created by new trade barriers and the loss of seamless access to the EU single market [1].
Public opinion has shifted along generational lines. Younger voters, many of whom were too young to participate in the 2016 referendum, now largely oppose Brexit. These voters are increasingly vocal about their desire to see the United Kingdom re-join the European Union to restore economic stability, and mobility.
Support for the original decision to leave has fallen across various demographics. The disparity between the 2016 result and current polling suggests that the perceived benefits of sovereignty have not outweighed the tangible economic costs for a significant portion of the population [1].
Government officials have previously argued that the transition period would be difficult but ultimately rewarding. However, the data from this decade-long window suggests a persistent drag on the national GDP that has not yet been reversed [1].
“The UK economy took a 6% hit after Brexit”
The data suggests a widening gap between the political goals of the 2016 referendum and the resulting economic reality. As a new generation of voters enters the electorate with a preference for EU membership, the political pressure to reconsider the UK's relationship with Europe may increase, shifting Brexit from a settled historical event to an active political debate.


