Britain is still counting the cost of Brexit, 10 years after the vote
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People demonstrating against Brexit in 2016. Brexit has damaged the British economy and the costs have stacked up, say experts.
PHOTO: ANDREW TESTA/NYTIMES
Eshe Nelson
LONDON – Just before Britain’s fateful referendum on its membership to the European Union 10 years ago, the government of the day gave a stark warning. A vote to leave the bloc would lead to “an immediate and profound shock” to the economy. By a slim margin, the public voted to leave anyway.
The economic warnings were wrong, but only in their timing.