Brexit's decade-long economic impact
It has been 10 years since the United Kingdom voted to leave the European Union, known as Brexit, which led to significant changes in economic policies, immigration, and trade. After its departure in January 2020, net migration from the EU declined, dropping from 253,000 in 2016 to 70,000 in 2020, while migration from outside the EU increased to over one million people by 2023. Economically, the UK's gross domestic product has deteriorated compared to other developed countries, and Britain's trade volume with the EU has shrunk, with exports decreasing from £205 billion in 2016 to £185 billion in 2025, and the trade balance deficit rising from £113 billion to £140 billion. Although exports of services have grown, trade with the EU remains under pressure, impacting the overall economy.
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