1. Taking Stock of Brexit
- Author:
- Iain Begg
- Publication Date:
- 01-2026
- Content Type:
- Policy Brief
- Institution:
- LSE IDEAS
- Abstract:
- J ohn Curtice, the UK’s foremost polling expert, wrote recently that ‘politicians do not talk much about Brexit these days’ (Curtice, 2025). In Germany, too, Brexit has largely disappeared from view, according to a prominent journalist consulted in the preparation of this blog. Another expert, Anand Menon, told AP News on the fifth anniversary of the UK leaving the EU that Brexit had ‘changed our economy’, adding that ‘our politics has been changed quite fundamentally’ (Lawless, 2025). His view is that, in electoral politics, conventional political cleavages have been supplanted by ‘a new division around Brexit’ (Lawless, 2025). In much of the EU, the 2025 anniversary elicited many articles characterised by a combination of acknowledgment that Brexit had failed to deliver, resignation about the UK’s fate and a sense of growing disinterest. The Austrian newspaper Kourier summed up these sentiments: “Von skurril bis tragisch: Eine Bilanz nach fünf Jahren Brexit [From bizarre to tragic, a stocktake after five years of Brexit]” (Bauer, 2025). However, Brexit is a process, rather than a discrete event, and some of its effects are both contested and take time, and are often seen through ideological rather than analytic lenses. A useful way to assess its consequences is to distinguish between three key dimensions: economic, social and governance related. The overall economic effects of Brexit have mainly been negative on both sides of the English Channel, albeit uneven, although some critics regard the magnitudes as having been exaggerated.
- Topic:
- European Union, Economy, Brexit, and Domestic Politics
- Political Geography:
- United Kingdom and Europe