The Fort Worth Press - Brexit's broken promises

USD -
AED 3.672504
AFN 63.000368
ALL 81.850403
AMD 368.180403
ANG 1.79046
AOA 918.000367
ARS 1411.841886
AUD 1.388696
AWG 1.8
AZN 1.70397
BAM 1.679981
BBD 2.014233
BDT 122.76083
BGN 1.66992
BHD 0.377275
BIF 2976
BMD 1
BND 1.278067
BOB 6.910443
BRL 5.037104
BSD 1.000073
BTN 94.959542
BWP 13.418887
BYN 2.740298
BYR 19600
BZD 2.011459
CAD 1.38005
CDF 2272.000362
CHF 0.781119
CLF 0.022615
CLP 890.050396
CNY 6.76635
CNH 6.764365
COP 3693.14
CRC 452.064266
CUC 1
CUP 26.5
CVE 94.87504
CZK 20.824204
DJF 177.720393
DKK 6.41042
DOP 58.340393
DZD 132.780279
EGP 52.325831
ERN 15
ETB 158.000358
EUR 0.857704
FJD 2.221804
FKP 0.742087
GBP 0.743356
GEL 2.670391
GGP 0.742087
GHS 11.74039
GIP 0.742087
GMD 72.503851
GNF 8780.000355
GTQ 7.628513
GYD 209.220224
HKD 7.83695
HNL 26.570388
HRK 6.460604
HTG 130.96772
HUF 303.492504
IDR 17823.65
ILS 2.80215
IMP 0.742087
INR 95.010504
IQD 1310
IRR 1351050.000352
ISK 122.960386
JEP 0.742087
JMD 157.513861
JOD 0.70904
JPY 159.30904
KES 129.410385
KGS 87.450384
KHR 4010.00035
KMF 422.00035
KPW 899.855249
KRW 1507.420383
KWD 0.30944
KYD 0.833462
KZT 487.321548
LAK 21952.503779
LBP 89550.000349
LKR 330.034874
LRD 183.125039
LSL 16.240381
LTL 2.95274
LVL 0.60489
LYD 6.350381
MAD 9.18375
MDL 17.306602
MGA 4190.000347
MKD 52.848875
MMK 2100.044704
MNT 3580.365831
MOP 8.070537
MRU 40.000346
MUR 47.370378
MVR 15.403739
MWK 1737.000345
MXN 17.354804
MYR 3.970504
MZN 63.905039
NAD 16.240377
NGN 1371.703725
NIO 36.570377
NOK 9.253504
NPR 151.935268
NZD 1.671822
OMR 0.385278
PAB 1.000103
PEN 3.399504
PGK 4.355039
PHP 61.474038
PKR 278.550374
PLN 3.62895
PYG 6017.110756
QAR 3.641038
RON 4.504104
RSD 100.681038
RUB 71.146838
RWF 1462.5
SAR 3.772303
SBD 8.03246
SCR 13.536038
SDG 600.503676
SEK 9.255045
SGD 1.276804
SHP 0.746601
SLE 24.603667
SLL 20969.502105
SOS 571.503662
SRD 37.170504
STD 20697.981008
STN 21.4
SVC 8.751074
SYP 110.532098
SZL 16.240369
THB 32.575038
TJS 9.231047
TMT 3.5
TND 2.894038
TOP 2.40776
TRY 45.852504
TTD 6.793623
TWD 31.426804
TZS 2629.583038
UAH 44.293077
UGX 3769.922222
UYU 40.112866
UZS 12022.503617
VES 548.68505
VND 26312.5
VUV 118.055972
WST 2.715197
XAF 563.44981
XAG 0.013284
XAU 0.00022
XCD 2.70255
XCG 1.802416
XDR 0.699507
XOF 562.503593
XPF 102.603591
YER 238.603589
ZAR 16.29669
ZMK 9001.203584
ZMW 18.382896
ZWL 321.999592
  • CMSC

    -0.1000

    22.74

    -0.44%

  • RBGPF

    -0.0100

    63.54

    -0.02%

  • RYCEF

    0.7000

    18

    +3.89%

  • GSK

    -0.7000

    50.54

    -1.39%

  • RELX

    -0.3100

    32.79

    -0.95%

  • BCE

    0.2000

    25.11

    +0.8%

  • RIO

    -0.0800

    106.39

    -0.08%

  • VOD

    0.0300

    14.96

    +0.2%

  • NGG

    -1.1562

    81.53

    -1.42%

  • CMSD

    0.0400

    22.93

    +0.17%

  • AZN

    0.3400

    185.67

    +0.18%

  • BTI

    -1.1300

    61.79

    -1.83%

  • BCC

    -0.6300

    69.72

    -0.9%

  • JRI

    0.0600

    12.92

    +0.46%

  • BP

    0.2800

    41.87

    +0.67%


Brexit's broken promises




When Britain voted to leave the European Union in June 2016, its advocates framed the decision as a liberation. “Take back control,” the slogan promised, conjuring images of a sovereign nation freed from Brussels’ shackles, setting its own rules, striking its own trade deals and funnelling the cost of EU membership into public services at home. Nearly a decade on, the gulf between promise and reality is stark. Far from ushering in a new era of prosperity, Brexit has acted as a slow‑burn drag on growth, decimated trade, hollowed out industries and left the nation diminished on the global stage.

A Smaller, Poorer Economy
The most striking measure of Brexit’s damage is the economy itself. By the start of 2025, Britain’s gross domestic product per capita was estimated to be about six to eight percent lower than it would have been had the country remained in the EU. Investment, once buoyed by London’s status as a gateway to Europe, is twelve to eighteen percent lower than it otherwise would be. Employment and productivity are both three to four percent below the counterfactual trajectory. These losses did not arrive overnight. Rather, uncertainty after the referendum delayed business decisions, diverted management time and encouraged firms to hold cash rather than expand. The protracted negotiations and repeated renegotiations – from the withdrawal agreement to the Trade and Cooperation Agreement and the Windsor Framework – sustained that uncertainty for years, causing what economists describe as a “slow‑burn hit” that accumulated over a decade.

Before the referendum, Britain grew at roughly the same pace as comparable economies. After 2016 the lines diverged. By early 2025, UK GDP per head had grown six to ten percentage points less than similar advanced economies, placing the country near the bottom of the league tables. Those patterns carry through to investment, employment and productivity. Much of the slump reflects higher trade barriers that reduced external demand, discouraged foreign direct investment and increased administrative burdens on companies that once seamlessly supplied both sides of the Channel.

Trade: From Gateway to Bottleneck
Brexit champions argued that leaving the single market would allow Britain to strike its own global trade deals. In reality, most “new” deals have simply rolled over agreements the UK already enjoyed as an EU member. The government’s own analysis shows that the flagship agreements with Japan and Australia are expected to add around 0.1 percentage points to GDP over fifteen years – rounding errors compared with the estimated four‑percent productivity hit inflicted by the Trade and Cooperation Agreement (TCA) with the EU. At the same time, British exporters have faced a thicket of paperwork, border checks and rules of origin requirements that add two to eight percent to the cost of shipping goods to the EU. Goods exports collapsed in early 2021 when the transition period ended and, despite partial recovery, remain below 2019 levels in real terms. Services exports have fared a little better but have still lost market share in key sectors such as financial services, where London’s dominance is slipping as companies move staff and trading activity to Paris, Frankfurt and Amsterdam.

The impact is not confined to exports. Imports from the EU are lower as well, meaning higher prices and less choice for consumers and businesses. Trade flows between Great Britain and Northern Ireland have been particularly strained. The Windsor Framework’s dual “green lane” and “red lane” system was meant to ease frictions, yet trade data show a persistent decline. Between 2020 and 2024‑25 the share of GB businesses selling to Northern Ireland fell from 5.7 percent to 3.9 percent; in manufacturing it dropped from 20.1 percent to 12.9 percent. In the year to April 2025, more than 15 percent of businesses reported lower sales to Northern Ireland and more than eight percent stopped trading altogether. Smaller firms have been hit hardest, deterred by complex customs forms, “Not‑For‑EU” labelling and the need to register as trusted traders. Agrifood exports have fallen by more than one fifth, while imports are down seven percent, hurting both farmers and consumers.

Labour: A Self‑Inflicted Shortage
“Freedom of movement” was among the key battlegrounds of the Brexit campaign. Leave proponents promised that ending it would reduce pressure on public services and open job opportunities for British workers. Instead, sectors that relied on EU labour are struggling to find staff. The post‑Brexit immigration system introduced a Skilled Worker visa, but it excludes many lower‑skilled occupations. Hospitality, hotels, warehousing, meat processing and construction – all industries that depended on EU workers – report acute shortages. The haulage industry faces a deficit of thousands of HGV drivers despite emergency visa schemes, because EU drivers prefer permanent employment in member states. A 2022 survey by the National Farmers’ Union found that at least £60 million worth of crops had been left to rot due to a lack of pickers, with nearly 40 percent of farmers reporting crop losses and farms operating with workforce gaps of around fourteen percent. Three years later, labour shortages remain a recurring complaint across the food supply chain, care homes and logistics firms.

The consequences of these shortages go beyond unharvested crops. Employers must pay higher wages and offer incentives to attract scarce staff, driving up costs. Many businesses cannot fill orders or expand because they lack workers. The promise that British workers would seamlessly replace EU migrants has not materialised, and training programmes take time to deliver results. Even sectors that qualify for visas, such as butchery and meat processing, struggle with bureaucratic barriers that prevent skilled workers from entering. Industry leaders warn that viable factories are at risk of closure simply because they cannot hire.

Public Finances and Services
One of the referendum’s most potent claims was that leaving the EU would release funds for the National Health Service. Instead, Brexit has strained the NHS. Hospitals relied heavily on EU doctors, nurses and carers; many have returned to the continent or chosen not to move to the UK under the new visa system. Shortages in social care mean hospitals cannot discharge patients because there is no one to look after them in the community, exacerbating waiting lists. Meanwhile, the cost of imported medicines and medical equipment has increased due to the weaker pound and new trade barriers. Far from a windfall, the Office for Budget Responsibility estimates that the long‑term impact of the TCA will reduce productivity by around four percent, lowering tax revenues and leaving less money to fund public services.

Political and Global Standing
Brexit was supposed to restore Britain’s sovereignty and global clout. Instead, it has sown division at home and diminished the UK’s influence abroad. The need to renegotiate access to the EU’s single market has consumed successive governments, leaving little energy for domestic reform. Scotland and Northern Ireland have strengthened ties with Europe and revived debates over independence and unification, respectively. On the world stage, London’s ability to shape EU policies from inside the club has vanished; it now must lobby from the outside. Businesses once viewed the UK as a bridge into Europe. Today many multinationals choose Dublin or Amsterdam instead.

Even officials who maintained neutrality now concede the scale of the damage. In October 2025 the governor of the Bank of England, Andrew Bailey, said that Brexit will weigh negatively on UK economic growth “for the foreseeable future.” He linked a decline in the UK’s potential growth rate from around 2.5 percent to 1.5 percent to lower productivity, an ageing population and post‑Brexit trade restrictions. Though he expressed hope that technological innovation could eventually offset the drag, his comments underscore how far the country has fallen from the confident predictions of 2016.

Conclusion and Future
A decade on, Brexit’s legacy is one of contradiction. Promises of economic renewal have given way to slower growth, weaker investment and stagnant living standards. The pledge to control borders has produced labour shortages that leave crops unpicked, factories understaffed and care homes desperate. The dream of unencumbered trade has led to higher costs, administrative headaches and a steady erosion of the UK’s position as a trading nation. Even the vaunted recovery of sovereignty has proved hollow as ministers spend their days negotiating with Brussels to mitigate the damage of their own decision. Far from delivering what was intended, Brexit has made Britain poorer, more divided and less influential – the opposite of what its architects promised.