London Daily

Focus on the big picture.
Sunday, Jul 19, 2026

UK marks gloomy third year Brexit anniversary

UK marks gloomy third year Brexit anniversary

Britain has marked the third year anniversary of its historic break with the European Union in somber conditions.
Gripped by a grinding cost of living crisis, the country has few reasons to rejoice, with the International Monetary Fund offering grim predictions for its economic outlook on Tuesday.

According to its latest forecast, Britain will be the only major economy to suffer a recession this year, with its economy shrinking by 0.6%.

Even Russia, which is at war and slapped with a raft of international sanctions, is expected to grow.

Britain has struggled for months with inflation exceeding 10%, fueling historic industrial unrest and pushing many households to the brink.

On Wednesday, the largest wave of strikes in 10 years is expected, with education and transport particularly affected.

Three prime ministers succeeded each other last year, and Northern Ireland is politically paralyzed as London tries to convince Brussels to reconsider its post-Brexit status.

Despite promises of border control and successive anti-immigration plans, illegal crossings of the Channel are constantly increasing.

Three years after Big Ben chimed at 11:00 p.m. to mark the divorce, Brexiters’ promises of more freedom seem a long way off, and there is a growing sense of Brexit regret or “Bregret” among the public.

According to an Ipsos poll published on Monday, 45% of Britons believe that Brexit is going less well than expected — compared to only 28% in June 2021. 9% think the opposite.

Ousted from Downing Street last summer amid an avalanche of scandals, Boris Johnson displayed the same ironclad optimism that enabled him to win elections in 2019 and achieve Brexit after years of political psychodrama.

“Happy Brexit Day!” he tweeted with a video where he calls to “put aside all this negativity I hear about Brexit and remember the opportunities ahead”.

Inside government, enthusiasm remained more measured and Prime Minister Rishi Sunak, himself a Brexiteer, underlined the “enormous progress made in exploiting the freedoms offered by Brexit”.

Even though the COVID pandemic and Ukraine war have considerably worsened the situation, there is considerable evidence that Brexit has damaged the economy.

According to the public budget forecasting body OBR, leaving the EU will reduce the size of the UK economy by around 4% in the long term.

However, there is little political appetite for going back

The Conservative party remains committed to Brexit. Meanwhile, the Labour opposition, considerably ahead in the polls less than two years before the next election, is keen to avoid toxic debates around the issue

Anxious to appeal to working-class Brexit voters, Labour leader Keir Starmer says a return to the EU is not on his agenda and the matter has been settled.
Newsletter

Related Articles

0:00
0:00
Close
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Singapore Considers Lower Taxes for Fund Managers as Hong Kong Intensifies Talent Contest
US Retaliates Against Iran After Two American Troops Killed in Jordan
Bank of Asia BVI Enters Court-Supervised Liquidation After Regulators Find It Insolvent
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Brothers Andrew and Tristan Tate Who Turned "Toxic Masculinity" Into a Brand Arrested in Miami as Britain Seeks Their Extradition
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
Gold and Cash Seizure Puts Indonesia’s Senior Anti-Corruption Prosecutor Under Investigation
The Ledger Will Not Trust on Faith
Bank of England Warns Climate Shocks Could Trigger Sudden Asset Repricing
UK Treasury Places Microsoft, Google, AWS and Oracle Under New Financial Resilience Rules
Scottish Government Faces Pressure Over Delays in Vulnerable Group Background Checks
Crown Prosecution Service Authorises Additional Charges Against Andrew and Tristan Tate
NHS Approves At-Home Cancer Treatments for Rare Blood Disorders
Bank of England Gains Oversight of Major Cloud Providers Supporting UK Financial System
UK Government Plans Major Overhaul of English Local Councils Through New Unitary Authorities
British Steel Nationalisation Dispute Escalates as Chinese Owner Jingye Seeks Compensation
Bank of England Signals Interest Rates Will Stay High as It Warns of Financial Risks From Climate and AI
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
Key Trends to Watch
Financial Conduct Authority Warns Cloud and Digital Risks Are Becoming a Financial Priority
Jeffrey Donaldson Appeals Sexual Abuse Conviction as Democratic Unionist Party Opens Review
Welsh Health Authorities Launch Emergency Meningitis Vaccination Programme for Students
Scottish Business Activity Falls for Third Month as Companies Face Rising Costs
Bank of England Regulators Demand Better Access to Digital Banking Services
United Kingdom Cuts Bilateral Aid to Several African Countries by Up to Ninety Per Cent
United Kingdom Introduces Tougher Deportation Rules After Rochdale Exploitation Scandal
NHS England Launches Wearable Technology Plan to Reduce Sepsis Deaths
Amazon Web Services Billing Error Sends Trillion-Dollar Invoices to British Companies
Bank of England Takes Direct Regulatory Role Over Major Global Cloud Providers
Extreme Summer Heat Drives Record Fire Risk and Rising Deaths Across Britain
United Kingdom Nationalisation of British Steel Sparks Diplomatic Dispute With China
United Kingdom Economy Shows Weak Growth Ahead of Major Autumn Budget
Andy Burnham Set to Become United Kingdom Prime Minister After Labour Leadership Victory
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
Energy Risk, Uneven Growth and the New Geography of Global Capital
The AI Race Enters Its Infrastructure Era
Security and resilience remain long-term national priorities
Britain balances growth ambitions with public finance pressures
Regional devolution becomes a defining theme of the next Labour era
×