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Dire Warnings About Brexit Proven Wrong Three Years Later

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Brexitby Anthony P. Kim, The Daily Signal

Pollsters had heart palpitations in June 2016 as the people of Great Britain voted to leave the European Union.

A dismayed media spouted speculative hysteria about the British economy that spread faster than a fire at a match factory. Three years after the June 23, 2016, referendum, however, the establishment in Westminster remains incapable of admitting it was wrong.

The reality is that the uncertainty surrounding Brexit has had little obvious effect on the British economy.

Despite doomsday predictions, the British economy since the Brexit vote has not lived down to Brexit opponents’ expectations and has managed to outperform and outrank the other large economies of the European Union.

According to The Heritage Foundation’s 2019 Index of Economic Freedom, the United Kingdom has the world’s seventh-freest economy and scored more than 10 points higher than the regional average.

More …

© 2019 The Heritage Foundation

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