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Study shows 61% says Brexit hurt economy


A new poll conducted by Savanta has shown that a majority of British people believe that Brexit has had a negative impact on the UK economy. The survey of 2,201 people conducted between February 10th and 12th, 2021 revealed that 61% of voters thought that Brexit had worsened the economic situation, while only 13% felt that it had a positive effect.

The poll further revealed that 55% of respondents thought that Brexit had worsened the availability of goods in supermarkets due to the cost of living crisis, with only 14% saying it had led to an improvement. Additionally, 47% of those surveyed said Brexit had worsened their own finances, while only 13% felt it had boosted theirs.

The survey indicated that there is a strong public opinion that Brexit has not been a success. However, Chris Hopkins, the director of Savanta, pointed out that while there may be some feelings of regret, many Leave voters are not keen to change their views.

Previous reports from The Independent in January 2021 had shown that 56% of Britons felt the economy had worsened due to Brexit. More recent research has also demonstrated the costly effects of Brexit, with the Centre for European Reform estimating that it has led to a £33bn loss in trade, investment, and growth, as well as a potential £40bn tax loss.

In conclusion, the results of the Savanta poll indicate that the British public still holds a largely negative view towards the effects of Brexit three years on. A majority of respondents believed that Brexit had harmed the UK’s relationship with the EU, and prevented the UK from gaining global influence. It remains to be seen what will happen next with Brexit, with discussions about compromises between the UK Prime Minister and the EU in order to address the Northern Irish protocol, as well as potential revolts from Tory Brexiteers.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

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