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HomeWorld7 Years after, more Britons regret Brexit decision, consider it a mistake

7 Years after, more Britons regret Brexit decision, consider it a mistake

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The proportion of Britons who say Brexit was a mistake hit a new record high this month, a survey from pollsters YouGov showed on Tuesday.

With few economic benefits to show for the June 2016 vote to leave the European Union, 57 percent of Britons said the decision to leave the European Union in 2016 was the wrong one, compared with 32 percent who thought it was correct.

More than half – 55 percent – said they would vote to rejoin the EU, against 31 percent who said they would stay out if a referendum were to be held today.

YouGov said the results marked a “moderate shift” from January 2021, when 49 percent said they would vote to rejoin and 37 percent to stay out.

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Prime Minister Rishi Sunak said in May that Brexit is delivering benefits, citing his flagship policy of freeports and VAT cuts that he said would make beer and sanitary products cheaper.

Economists say freeports – special zones containing tax and customs reliefs and simplified trade regulations – are unlikely to boost Britain’s economy but may have limited value as a regional development tool.

British business investment has barely grown since mid-2016, in contrast with other advanced economies. While Brexit-supporting economists point to the fact that capital grew strongly in the years leading up to 2016 and was bound to slow, business surveys point to Brexit as one cause of the stagnation.

The YouGov survey of more than 2,000 British people showed 63 percent now regard Brexit as more of a failure than a success, compared with 12 percent who saw it as more of a success. A further 18 percent said it was neither.

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