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61% of Brits Think Brexit Hurt the Economy

61% of brits think brexit hurt the economy

A recent poll for The Independent revealed that nearly two-thirds of the British population, or around 61% of voters, believe that Brexit has negatively impacted the UK economy. The survey, which Savanta conducted, showed that only 13% of respondents believed that Brexit had resulted in positive economic effects.

Most People Think Brexit Has Failed

In the view of the majority of British people, the shortage of goods in supermarkets caused by the cost of living crisis has been made worse by Brexit, with 55% of respondents believing that Brexit had worsened availability. In comparison, only 14% felt it had improved it. Furthermore, the survey indicated that 47% of respondents said that their own finances had been negatively impacted by Brexit, with only 13% feeling that their finances had been positively affected.

These findings suggest that there is a widespread belief among the public that Brexit has not been successful. However, Chris Hopkins, the director of Savanta, pointed out that while some people may regret their decision to support Brexit, many Leave voters remain steadfast in their beliefs.

The survey also revealed that most people in Britain do not believe that Brexit has effectively reduced immigration, as 44% of respondents said that Brexit had worsened the control of UK borders, while only 17% felt that it had improved it.

61% of brits think brexit hurt the economy

There Is a Decline Compared to Previous Surveys

In January 2021, The Independent published reports indicating that 56% of Britons believed that the UK economy had deteriorated due to Brexit. More recent research has corroborated these views, with the Centre for European Reform estimating that Brexit has caused a loss of trade, investment, and growth totaling £33bn and a potential tax loss of up to £40bn.

These findings have been supported by experts such as Jonathan Haskell, a member of the Bank of England’s Monetary Policy Committee, who has estimated that a decrease in business investment has resulted in a reduction in productivity of up to 1.3% of GDP or a cost of £29bn.

Additionally, Professor John Curtice has suggested that the economic consequences of Brexit have contributed to an increase in the number of people regretting the decision.

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