Brexit, 10 Years On: What It Actually Cost Britain

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Ten years on from the 2016 Brexit referendum, the UK is about to appoint its seventh Prime Minister in a decade — so was Brexit worth it? In this video we break down the real economic impact of Brexit: how much it actually cost the UK economy, why the doom-laden Treasury forecasts and the Leave campaign's £350 million NHS bus were both wrong, and what the data really shows about GDP, trade, the City of London, and business investment. We dig into the goods-versus-services split, why the people who voted Leave were hit hardest while the metropolitan elites worked around it, the great post-Brexit immigration paradox and the "Boriswave," whether Britain is really "poorer than Mississippi," and why both Brexit and the new "Rejoin" campaign rely on the same magical thinking. Finally, we look at Brexit as a global turning point — the first crack in the post-Cold-War order — and ask why ten years of arguing about Europe distracted Britain from the domestic problems actually driving its economic stagnation. Featuring research from the NBER, the OBR, the Bank of England, The Economist, the Financial Times and The Atlantic.

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