Scars mark Britain's economy 10 years after Brexit vote

kaycebasques 29 points 18 comments June 23, 2026
www.reuters.com · View on Hacker News

Discussion Highlights (6 comments)

hdgvhicv

Working people did not want brexit. Business owners did not want it. The numbers were tipped by old retirees who had died by the time it actually happened.

mrsilencedogood

Brexit does seem to have been a general loss for Britain. But I'm very distracted by Germany - what happened/is happening there that they're faring so much worse than, say, France? (And in several of the cited measures, worse than the UK too?)

IshKebab

I've got a great idea, let's elect the architect of this brilliant money-losing plan to be our PM!

gehsty

The country is a complete mess - cost of living has gone up massively, wages have gone up significantly slower, no increase in income tax bands mean any increase in wages are eaten by taxes, soon to be 7 prime ministers in 10yrs. Opportunities squandered in energy policy. Right wing rising, with reform no doubt winning the next election. I despair at my kids future - I’m not sure what there is to be optimistic about.

anonymousiam

An alternative view is here: https://thenationalpulse.com/2026/06/23/farage-blasts-politi...

elgenie

Looking at Brexit is picking up the story halfway through. About 18 years ago now the Tories thought, incorrectly, that budgetary austerity was the prescription for responding to the global financial crisis. Eight years of indulging conspiracist nonsense later, their PM decided to hold the Brexit referendum as a means of jangling some keys in front of their voting base and then, perhaps even more dumbly, the party decided to treat the result of a 52-48 referendum as more than advisory. This 1-2 punch has locked in two lost decades in which the UK's GDP will have stagnated in real terms. Most of their politics in the last decade has been make-believe that what obviously happened somehow didn't, with various scapegoating and culture-war distraction attempts tossed in. Not helping is that they have first-past-the-post individual districts (and way too many parties to be sustainable in that electoral system) that result in their self-defeating hinterlands being over-represented.

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