22 Dec 2022

Has Brexit broken Britain?

From Nine To Noon, 9:20 am on 22 December 2022
Brexit supporters carry flags and placards as they walk down Whitehall in central London.

Photo: AFP

recent report by the Economic and Social Research Institute has found Britain's economy has been seriously bruised by its exit from the European Union in January 2020.

Trade between the UK and the EU is down by almost a fifth relative to forecasts had Brexit never happened.

The rising price of imported food, labour shortages, including specialist doctors and truck drivers are also attributed to the split.

Brexit has cost the UK  £33 b in lost trade and investment, according to a new study from the Centre for European Reform, which finds the economic damage is worse than expected. 

A recent YouGov poll showed 56% of Britons thought they were wrong to leave the EU. 

32% think they were right. Kathryn speaks with Jonathan Portes who is professor of economics at King's College London, and former director of the National Institute of Economic and Social Research.