File this story under “Well, that didn’t take long.”
Just five years after the official breakaway of the UK separating itself from the European Union, the majority of residents now regret the decision (for many reasons). It has created a new team called “Bregret”. You know things are going sideways quickly when people are creating new words for your self-created shit-show.
The below graphic shows how quickly the tide has turned among UK residents.
The “G7” countries, which consist of Canada, France, Germany, Italy, Japan, the UK and the USA, have shown an average economic growth of 1.6% since 2016. The UK is bringing the average down by growing at just 1.3%. That may not sound like much but when you’re dealing in hundreds of billions or even trillions of dollars, that’s a big chunk of change.
Don’t expect them to go running back to the EU to be let back in any time soon, and similarly don’t expect the EU to welcome them back in any time soon. This is a “you made your bed, now lie in it” situation for the UK.
Isolationism and extreme nationalism in the age of unstoppable globalization is not only a terrible idea, it’s a potentially devastating one financially. It may take years to realize the full losses, but people in the UK are quickly seeing how difficult it is to run after cutting off one of your feet.
Reference article (meaning: I don’t come up with this stuff myself, folks) is: https://www.wsj.com/world/uk/brexit-british-regret-uk-election-837cbf4c