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Six years ago, the United Kingdom declared itself in favor of leaving the European Union. The country’s economy did not pick up pace on Thursday 23 June.
On 23 June 2016, British Prime Minister Boris Johnson succeeded in achieving his goal: won by over 17 million votes in favor of the United Kingdom’s exit from the European Union. A Brexit advocate, he campaigned by appealing to Tories, the lower middle class and minorities. The process then began, and on January 31, 2020, the United Kingdom officially left the European Union.
Six years later, the pound has weakened against the euro and prices have risen by more than 9% year-on-year. The UK economy is struggling to pick up. Friction in customs and complex and costly administrative procedures result in fewer imports and exports with the EU. Boris Johnson promised to stick to immigration policy, but his government’s figures show an increase in legal immigration. If the country’s economy hasn’t collapsed, the United Kingdom still hasn’t benefited from exiting the European Union.
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