The Fort Worth Press - Brexit gloom prevails on UK's three-year anniversary

USD -
AED 3.673008
AFN 64.503214
ALL 80.819685
AMD 361.405228
ANG 1.789785
AOA 917.000132
ARS 1525.743205
AUD 1.42204
AWG 1.80125
AZN 1.694926
BAM 1.741787
BBD 2.015015
BDT 123.745402
BGN 1.747831
BHD 0.377604
BIF 3000.997453
BMD 1
BND 1.278059
BOB 11.730759
BRL 5.0336
BSD 1.000472
BTN 94.559477
BWP 13.70595
BYN 2.971479
BYR 19600
BZD 2.012094
CAD 1.40468
CDF 2315.999614
CHF 0.823985
CLF 0.02484
CLP 977.639757
CNY 6.67805
CNH 6.673855
COP 3194.48
CRC 455.529135
CUC 1
CUP 24.010794
CVE 98.199695
CZK 21.58565
DJF 177.720049
DKK 6.651515
DOP 61.440772
DZD 134.600855
EGP 54.383604
ERN 15
ETB 163.87083
EUR 0.88984
FJD 2.253797
FKP 0.747587
GBP 0.74635
GEL 2.589651
GGP 0.747587
GHS 11.660299
GIP 0.747587
GMD 73.49688
GNF 8854.987666
GTQ 7.645587
GYD 209.311853
HKD 7.846885
HNL 26.857072
HRK 6.703799
HTG 131.084908
HUF 325.065498
IDR 18027.05
ILS 3.088402
IMP 0.747587
INR 94.43255
IQD 1516.6493
IRR 1832374.999738
ISK 121.269746
JEP 0.747587
JMD 158.780625
JOD 0.709015
JPY 158.134988
KES 129.859579
KGS 87.449845
KHR 4068.146802
KMF 439.503571
KPW 899.999961
KRW 1325.979763
KWD 0.31018
KYD 0.833753
KZT 446.890557
LAK 22518.390538
LBP 89591.044298
LKR 332.14739
LRD 170.580744
LSL 16.412051
LTL 2.95274
LVL 0.60489
LYD 6.419294
MAD 9.819615
MDL 17.998442
MGA 4521.489767
MKD 54.903951
MMK 2099.21541
MNT 3597.533576
MOP 8.085932
MRU 40.128421
MUR 47.319959
MVR 15.459751
MWK 1734.751129
MXN 18.645615
MYR 4.081198
MZN 63.902977
NAD 16.412051
NGN 1331.830194
NIO 36.816372
NOK 9.371645
NPR 151.295341
NZD 1.75332
OMR 0.384501
PAB 1.000481
PEN 3.438421
PGK 4.479652
PHP 63.399499
PKR 276.89823
PLN 3.87625
PYG 5756.677086
QAR 3.647261
RON 4.753003
RSD 104.53802
RUB 82.104013
RWF 1478.615162
SAR 3.748965
SBD 8.07458
SCR 13.97401
SDG 601.492558
SEK 9.878845
SGD 1.27707
SHP 0.7473
SLE 23.919966
SLL 20969.504398
SOS 571.749178
SRD 37.735499
STD 20697.981008
STN 21.819089
SVC 8.754392
SYP 13001.999685
SZL 16.418788
THB 33.570497
TJS 9.214157
TMT 3.51
TND 2.986543
TOP 2.40776
TRY 49.598465
TTD 6.792416
TWD 32.411301
TZS 2644.999678
UAH 45.047334
UGX 4207.076509
UYU 40.164934
UZS 11975.562621
VES 879.788897
VND 25856.5
VUV 119.136032
WST 2.774679
XAF 583.696876
XAG 0.017313
XAU 0.000241628771
XCD 2.70255
XCG 1.803058
XDR 0.707052
XOF 583.696876
XPF 106.20998
YER 236.101147
ZAR 16.360597
ZMK 9001.202969
ZMW 20.069287
ZWL 321.999592
SSP 5787.554334
MXV 2.10465
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Brexit gloom prevails on UK's three-year anniversary
Brexit gloom prevails on UK's three-year anniversary / Photo: © POOL/AFP

Brexit gloom prevails on UK's three-year anniversary

British Prime Minister Rishi Sunak defended Brexit as a "huge opportunity" on Tuesday, as the UK marked three years since leaving the EU amid economic crisis and a growing public sense of "Bregret".

Text size:

On January 31, 2020, the United Kingdom ended 47 years of belonging to the European Union and its predecessor, the EEC, soon after Boris Johnson won a resounding election victory for the Conservatives with his promise to "get Brexit done".

An Ipsos poll last week found 45 percent of people in Britain think Brexit is going worse than they expected.

"In the three years since leaving the EU, we've made huge strides in harnessing the freedoms unlocked by Brexit to tackle generational challenges," Sunak said in a statement released for the anniversary.

"I'm determined to ensure the benefits of Brexit continue to empower communities and businesses right across the country," the prime minister said.

Sunak called Brexit a "huge opportunity to deliver" on his priorities of growth, employment and social mobility.

The prime minister -- who will also mark 100 days in office this week -- said the UK had "forged a path as an independent nation with confidence" and "that momentum hasn't slowed".

He said this included Europe's fastest vaccine rollout, trade deals with 70 countries and "taking back control of our borders".

The statement came as Sunak faces numerous challenges, with thousands of UK workers taking strike action over pay that has been outpaced by soaring inflation.

- 'Growing Bregret' -

The cost-of-living crisis has hit millions and inflation has soared above 10 percent.

While saving the over-stretched state-funded health service (NHS) was a keystone of the Brexit campaign, NHS workers including nurses and ambulance staff are now striking over pay and working conditions.

Brexit, which was in part a backlash against the free movement of people and goods across the EU, has led to restrictions that have hit food supplies to the UK and made it harder to hire foreign workers.

Yet the numbers of migrants making the dangerous Channel crossing to claim asylum in the UK reached a record level of 45,000 last year.

The UK has also seen a period of political instability, with three prime ministers last year.

Sunak did not mention the problems in Northern Ireland surrounding post-Brexit trading agreements that have led to months of negotiations between London and Brussels and paralysed self-government in Belfast.

There are no celebrations planned to mark the anniversary and in Scotland, where most voted to stay in the EU, opponents planned a torchlit procession through Edinburgh.

"Today's Brexit anniversary marks three years of political mayhem and economic calamity," a columnist wrote in left-wing broadsheet The Guardian.

Even right-wing broadsheet The Sunday Telegraph wrote there was "a growing sense of 'Bregret' taking hold in Britain", questioning: "Is there really much cause for celebration?"

- Economic woes -

A study by Bloomberg Economics published on Tuesday said: "Brexit is costing the UK economy 100 billion pounds a year ($124 billion), with the effects spanning everything from business investment to the ability of companies to hire workers."

The Office of Budget Responsibility predicts that the new trading relationship between the EU and UK will reduce long-term productivity by four percent, as compared to staying in the EU.

Nevertheless, even the opposition in parliament is not calling for Brexit to be reversed.

Keir Starmer, the leader of the main opposition Labour Party, which is riding high in the polls, has vowed to reconnect with Europe but ruled out taking the UK back into the European Union or its single market.

The IMF significantly downgraded its UK growth forecast on Monday, predicting its economy would contract by 0.6 percent this year. Britain looks set to suffer more than most from soaring inflation and higher interest rates.

In a jargon-heavy statement, Sunak said progress had been made in "a range of key growth areas".

He cited economic reforms including the opening of free ports that exist outside normal tax and customs territory, as well as regulatory reforms to the financial sector.

Sunak also included a bill going through parliament to scrap all the EU laws automatically retained post-Brexit.

The bill has provoked a backlash in Britain, with many public and private interest groups and organisations accusing the government of moving too far, too fast.

P.McDonald--TFWP