As the UK marks five years since Brexit, the government is looking to reset its relationship with the EU, but faces significant challenges. The anticipated economic benefits remain elusive, with data indicating Brexit's negative impact on trade and investment. Calls for improved negotiations, such as recognizing professional qualifications and facilitating touring for artists, may not yield significant economic change. The essential customs arrangements and participation in the single market appear ruled out, leading to a perception of mere marginal adjustments rather than substantive reforms in the post-Brexit landscape.
It's clear that Brexit has had a negative impact on the UK economy, complicating business with the EU—accounting for over half of all our trade.
The government seeks to improve the 'botched Brexit deal' but faces challenges in obtaining macroeconomic impacts through limited proposals.
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