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After a decade, Brexit’s cost to Britain is not only economic

After a decade, Brexit’s cost to Britain is not only economic

Summary

Ten years after Britain voted to leave the European Union in the Brexit referendum, public opinion in the UK has shifted, with most people now viewing Brexit as a mistake. Brexit has caused not only economic problems but also political instability and increased social divisions in Britain.

Key Facts

  • The Brexit referendum took place on June 23, 2016.
  • Initially, 64% of Britons believed leaving the EU was the right choice; now only 30% do.
  • 57% currently think Brexit was a wrong decision, and 60% consider it a failure.
  • The UK economy has shrunk by about 6% due to Brexit, according to the Bank of England.
  • Brexit has led to political instability, with Britain having seven prime ministers in ten years.
  • The referendum intensified debates about immigration and increased negative attitudes toward minorities.
  • Rhetoric once seen as extreme, such as fears about immigration and challenges to human rights, has become more common in political discussions.
  • Successive governments have introduced stricter immigration policies influenced by the Brexit debate.
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