×
google news

The Lasting Impact of Brexit: A Comprehensive Look a Decade Later

As Brexit turns ten, delve into its enduring economic consequences, political transformations, and the darkening of public discourse in Britain.

The Lasting Impact of Brexit: A Comprehensive Look a Decade Later

The upcoming anniversary of the 2016 Brexit referendum finds Britain in a state of political introspection. While the Makerfield byelection and the future of the current government dominate headlines, the legacy of that pivotal vote continues to shape the nation’s trajectory.

The BBC series Brexit: A Very British Civil Warproduced by acclaimed documentarian Norma Percyoffers a timely reminder of the events leading up to and following the referendum.

The series brings to light the origins of the Brexit campaign, revealing it as a strategic maneuver by then-Prime Minister David Cameron and Chancellor George Osborne to placate Eurosceptic factions within their party.

Their promise of a referendum was a calculated risk, one they assumed they would never have to fulfill. Yet, the political dynamics of the time, driven by personal ambitions and rivalries, led to an outcome that would redefine Britain’s future.

The Economic Fallout: A Decade of Decline

The economic warnings issued by the remain campaign were dismissed as project fear at the time. However, a decade later, the economic impact of Brexit has proven to be even more severe than anticipated. The Office for Budget Responsibility estimates a 6% to 8% drop in GDPwith investment down by as much as 18%. Trade has suffered significantly, with an expected 15% reduction compared to pre-Brexit projections. The remain campaign’s prediction of a slow economic puncture has materialized, albeit more rapidly than foreseen.

The Darkening of Public Discourse

Beyond economic metrics, Brexit has left an indelible mark on Britain’s social and political landscape. The national conversation has coarsened, with aggression and hatred becoming more prevalent. The leader of the party that championed Brexit has even warned of civil war, reflecting the deep divisions that persist. While social media and figures like Elon Musk have contributed to the degradation of public discourse, Brexit both accelerated and intensified this trend.

The leave campaign’s insouciance towards facts, epitomized by the infamous £350 million bus claim, set a precedent for a post-truth era. The deliberate misinformation and fear-mongering tactics employed during the campaign have had lasting effects. The breaking point poster and the bogus claim of 76 million Turks potentially entering Britain exemplify the racist and xenophobic undertones that resonated with voters.

The Political Landscape: A Shift in Dynamics

Brexit has fundamentally altered the political landscape, breaking the traditional Labour-Tory duopoly. The referendum exposed deep divisions within society, pitting leave and remain supporters against each other. The remain cause was doomed from the start, as it was never truly about British membership in the EU. Instead, it became a referendum on the status quo versus the promise of a better future.

The timing of the referendum also played a crucial role. In 2016, the geopolitical implications of Brexit were not as apparent as they are today. With Donald Trump and Vladimir Putin now dominant figures on the world stage, the isolationist stance of Brexit appears increasingly misguided. The folly of standing alone, apart from nearest neighbors, is clearer now than it was a decade ago.

As Britain approaches the ten-year mark since the Brexit referendum, the nation finds itself at a crossroads. The economic, political, and social consequences of that fateful vote continue to reverberate. The BBC documentary highlights the determination of the Brexiters, who turned a lost cause into a winning movement. Today, the preference for rejoining the EU is settled among a majority of Britons, with 56% in favor compared to 35% against. If the current pace of political change continues, Britain may yet see a reversal of the 2016 verdict.


Contacts:
James Whitfield

James Whitfield grew up in Manchester watching Sunday football, then carved a career covering Premier League weekends and F1 paddocks. Knows the difference between xG noise and signal.