Five years after Britain left the EU, the full impact of Brexit is still being felt. The decision to leave the bloc has divided the nation and caused economic, social, and cultural aftershocks. The UK left without an agreement on its future economic relationship with the EU, resulting in new red tape, costs, and delays for trading businesses. The government's Office for Budget Responsibility forecasts that UK exports and imports will both be around 15 percent lower in the long run than if the UK had remained in the EU. Despite the challenges, the UK has signed trade agreements with countries including Australia, New Zealand, and Canada. Polls suggest that UK public opinion has soured on Brexit, but rejoining the EU seems unlikely at this time.
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Original article source: https://www.arabnews.com/node/2588503/world
Source Id: 2025-01-618682842