London Daily

Focus on the big picture.
Friday, Jun 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
Payment Fraud Losses Reach £1.28 Billion and Raise National Security Concerns
Lending to Small Businesses Climbs to Highest Level Since Late 2024
Middle East Conflict Clouds UK Economic Recovery Despite Strong First-Quarter Growth
Bank of England Moves to Simplify Capital Rules for Smaller Lenders
UK Government Fast-Tracks National Security and Cyber Resilience Legislation
Ofcom Investigates Telegram Over Alleged Role in Organising Arson Attacks
MPs Press Fujitsu to Speed Compensation for Post Office Horizon Victims
Bank of England Delays Final Basel III Implementation Changes to Support UK Banking Competitiveness
Pound Falls as Political Uncertainty and Bank of England Signals Weigh on Markets
0Andy Burnham Wins Makerfield By-Election and Emerges as Main Challenger to Keir Starmer
Dorset Council Tests AI Tools to Streamline Local Planning Applications
UK Researchers at Kew Gardens Use AI to Speed Up Identification of Threatened Plant Species
UK Gilt Yields Ease Toward 4.8% as Inflation and Labour Market Data Weigh on Bonds
Bank of England Data Shows Resilient SME Lending Despite Economic Slowdown
UK Finance Reports Weakening Services Activity as Business Confidence Softens
UK Introduces Mandatory Internal Complaints Process Under Data Use and Access Act
Bank of England Governor Andrew Bailey Flags Geopolitical Uncertainty as Key Risk to Inflation Outlook
Bank of England Holds Interest Rates at 3.75% as Policymakers Signal Cautious Stance on Inflation Risks
Cornwall Clergy Raise £40,000 for Church Repairs Through Everest-Themed Charity Challenge
UK Business and Social Landscape Reflects Strain From Geopolitical and Domestic Pressures
Tensions Grow in UK Over Sikh Kirpan and Religious Symbolism in Public Debate
Energy Price Cap Increase Set to Lift UK Household Bills by 13 Percent
University of Reading Ranked 196th in QS World University Rankings
UK Maritime Archaeologists Identify 17th-Century Dutch Shipwreck Off Devon Coast
Oxford Union Islam Debate Sparks Protest From Faith Leaders in UK
UK Social Cohesion Debate Intensifies After Religious Prejudice Survey Findings
UK SME Lending Rises Despite Geopolitical Uncertainty and Cautious Outlook
Foreign Demand for UK Gilts Remains Sensitive to Global Inflation Trends
Labour Party Faces Leadership Pressure After Weak Local Election Results in UK
Transport Costs Drive Inflation Pressure as Petrol Prices Push Up UK CPI
British Chambers of Commerce Cuts Growth Forecast as Middle East Conflict Weighs on Investment
UK Economy Grows 0.6 Percent in First Quarter but Outlook Remains Weak
Bank of England Holds Interest Rates at 3.75 Percent as Inflation Risks Persist
Energy Price Cap Rise Expected to Keep UK Inflation Above Target Through 2026
Health Authorities Warn of Rising Cases of Seasonal Respiratory Illnesses
BAE Systems and Rolls-Royce Advance Multi-Nation Fighter Aircraft Programme
National Archives Publish Declassified Documents on Cold War Energy Security Planning
British Retail Spending Rises Despite Continuing Cost-of-Living Pressures
Wales Launches Social Housing Pilot to Address Affordability Pressures
British Energy Companies Commit £5 Billion to Geothermal and Hydrogen Projects
Northern Ireland Debates Cross-Border Healthcare Partnership With the Republic of Ireland
UK Establishes National Artificial Intelligence Safety Centre With Leading Universities
UK Reports Decline in Small Boat Crossings After Expanding Intelligence Cooperation With France
Scottish Parliament Launches Inquiry Into Delays to Renewable Energy Projects
National Crime Agency Dismantles Alleged Multi-Million-Pound Money Laundering Network in London
Transport Strikes Disrupt Rail and Bus Services Across Northern England
United Kingdom and European Union Open New Security Dialogue on Defense and Border Cooperation
Bank of England Holds Interest Rates at 5% as Services Inflation Remains Elevated
UK Government Unveils Major National Health Service Reform Focused on Decentralization and Performance Funding
Government Advances New Airport Slot Rules to Ease Airline Operating Constraints
×