Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

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

Budapest Post
Close
0:00
0:00
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
AMERICA, 2023
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
UK: Humza Yousaf replaces Nicola Sturgeon as SNP leader and first minister in Scotland
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Bordeaux town hall set on fire in France pro democracy protest
Police violence in Paris
Paris: Some of the police are stepping down and showing solidarity with the protesters.
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Orbán Viktor: the restructuring of the power relations in the whole of Europe is taking place
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Drew Barrymore
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
Kamala Harris: "The United States has formally determined that Russia has committed crimes against humanity."
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
×