A recent analysis on the impact of Brexit suggests that in 2023, the United Kingdom's economy was *** percent smaller than it would have been in a base scenario where the UK never left the EU. The estimated hit to the UK's gross domestic product (GDP) increases to ***** percent in 2024, and to *** percent by 2025 in this forecast. UK growth cut at start of turbulent 2025 After growing by *** percent in 2024, the UK economy is expected to grow by *** percent in 2025, down from an earlier forecast of *** percent. As of 2025, the UK economy is approximately *** percent larger than it was just before the COVID-19 pandemic five years earlier, which delivered a sudden and severe economic shock to the country. While the initial bounce back from this collapse was robust, the recovery slowed by the end of 2020, and it wasn't until late 2021 that the economy returned to its pre-pandemic size. Throughout 2022 and 2023, the economy continued to struggle, and even experienced a recession at the end of 2023. How voters feel about Brexit in 2025 Since the middle of 2021, a growing majority of voters in Britain have advised that they think Brexit was the wrong decision. As of January 2025, around ** percent thought it was wrong to leave the EU, compared with just ** percent in April 2021. By comparison, the share of Britons who think Brexit was the right decision has fallen from ** percent to ** percent in the same time period. Voters are, however, still quite divided on what relationship they want with the EU, with only ** percent supporting rejoining completely. Furthermore, Brexit has fallen behind other issues for voters such as the economy, the NHS, and immigration and the issue played a much smaller role in the 2024 election than it did in 2019.

As of January 31, 2020, the United Kingdom (UK) is no longer a member of the European Union (EU). The UK left the EU without a trade deal, and has until the end of 2020 to determine the new framework of its trade relations with the EU. This means either a free trade agreement (FTA) will need to be struck between the two parties, or the UK will fall back on trading under the World Trade Organisation (WTO) rules. According to a study on the possible impact of these scenarios on GDP growth in the UK, after the transition period ends by the beginning of 2021, trading under WTO terms will lead to a decline of *** percent in UK GDP. Relative to this rate, if the UK trade with the EU under a FTA, the GDP is forecast to improve by * percent.

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.

A debate exists about the economic and cultural-based drivers of support for populism. In this paper, we argue that economic concerns matter, but they are realised through the relative gains and losses of social groups. Using new survey items in a large representative survey in Britain, we show that citizens’ economic assessments of the ethnic minority out-group - in relation to the group’s 12 months ago and to assessments of the economic conditions of the white British in-group - are a predictor of support for Brexit. Results, which are robust to prior referendum vote, immigration attitudes, and cultural sentiment, extend across income groups and national identity strength. Extending the analysis to a comparison of geographic in- and out-groups between local communities and London lends additional support to our argument. The implications of relative group-based economics are important for understanding Brexit and the economic sources of support for populism more broadly.

The Gross Domestic Product (GDP) in the United Kingdom was worth 3643.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United Kingdom represents 3.43 percent of the world economy. This dataset provides the latest reported value for - United Kingdom GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The economy of the United Kingdom reported zero growth in July 2025, after growing by 0.4 percent in June 2025. As of the most recent month, the UK economy is around 4.8 percent larger than it was in February 2020, just before the start of COVID-19 lockdowns. After a record 19.6 percent decline in GDP in April 2020, the UK economy quickly returned to growth in the following months, and grew through most of 2021. Cost of living crisis lingers into 2025 As of December 2024, just over half of people in the UK reported that their cost of living was higher than it was in the previous month. Although this is a decline from the peak of the crisis in 2022 when over 90 percent of people reported a higher cost of living, households are evidently still under severe pressure. While wage growth has outpaced inflation since July 2023, overall consumer prices were 20 percent higher in late 2024 than they were in late 2021. For food and energy, which lower income households spend more on, late 2024 prices were almost 30 percent higher when compared with late 2021. According to recent estimates, living standards, as measured by changes in disposable income fell by 2.1 percent in 2022/23, but did start to grow again in 2023/24. Late 2023 recession followed by growth in 2024 In December 2023, the UK economy was approximately the same size as it was a year earlier, and struggled to achieve modest growth throughout that year. Going into 2023, a surge in energy costs, as well as high interest rates, created an unfavorable environment for UK consumers and businesses. The inflationary pressures that drove these problems did start to subside, however, with inflation falling to 3.9 percent in November 2023, down from a peak of 11.1 percent in October 2022. Although relatively strong economic growth occurred in the first half of 2024, with GDP growing by 0.7 percent, and 0.4 percent in the first two quarters of the year, zero growth was reported in the third quarter of the year. Long-term issues, such as low business investment, weak productivity growth, and regional inequality, will likely continue to hamper the economy going forward.

Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest in the 1980s, and Russia's economy has been larger than Spain's since 2010. Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year. Italy's economy was of a relatively similar size to that of the UK and France until the mid-2000s when it started to diverge, resulting in a difference of approximately 800 billion U.S dollars by 2018. Russia's economy had overtaken both Italy and Spain's in 2012, but has fallen since 2014 due to the drop in international oil prices and the economic sanctions imposed for its annexation of Crimea - economic growth is expected to be comparatively low in Russia in the coming years due to the economic fallout of its invasion of Ukraine in 2022. In 2025, Germany, now the world's third-largest economy, was estimated at over *** trillion U.S. dollars.

In 2024, gross domestic product per capita in the United Kingdom was 40,172 British pounds, compared with 40,162 pounds in the previous year. In general, while GDP per capita has grown quite consistently throughout this period, there are noticeable declines, especially between 2007 and 2009, and between 2019 and 2020, due to the Global Financial Crisis, and COVID-19 pandemic, respectively. Why is GDP per capita stagnating when the economy is growing? During the last two years that GDP per capita fell and then stagnated in the UK, the overall economy grew by 0.4 percent in 2023 and 1.1 percent in 2024. While the overall UK economy is therefore larger than it was in 2022, the UK's population has grown at a faster rate, resulting in the lower GDP per capita figure. The long-term slump in the UK's productivity, as measured by output per hour worked, has meant that the gap between GDP growth and GDP per capita growth has been widening for some time. Economy remains the main concern of UK voters As of February 2025, the economy was seen as the main issue facing the UK, just ahead of immigration, health, and several other problems in the country. While Brexit was seen as the most important issue before COVID-19, and concerns about health were dominant throughout 2020 and 2021, the economy has generally been the primary facing voters issue since 2022. The surge in inflation throughout 2022 and 2023, and the impact this had on wages and living standards, resulted in a very tough period for UK households. As of January 2025, 57 percent of households were still noticing rising living costs, although this is down from a peak of 91 percent in August 2022.

Unemployment Rate in the United Kingdom increased to 5 percent in September from 4.80 percent in August of 2025. This dataset provides the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The UK office real estate market, valued at approximately £X million in 2025 (estimated based on provided CAGR and market size), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% through 2033. Key drivers include a recovering economy, increasing demand from technology and financial sectors, and ongoing investment in infrastructure projects across major cities like London, Birmingham, and Manchester. The rise of flexible workspaces and a focus on sustainable building practices are significant trends shaping the market. However, challenges remain, such as Brexit's lingering effects on international investment and the potential for increased vacancy rates in certain submarkets due to shifting workplace strategies. The sector is highly competitive, with major players like JLL, Knight Frank, CBRE, and others vying for market share. London continues to dominate, but other major cities are witnessing increased activity, fueled by regional economic growth and government initiatives to decentralize business activity. The long-term outlook remains positive, with continued growth anticipated, although the pace might fluctuate depending on macroeconomic conditions and evolving tenant demands. This dynamic market is segmented geographically, with London, Birmingham, and Manchester representing significant hubs. The concentration of businesses in these cities, combined with their robust infrastructure and accessibility, contributes to their strong performance. While the "Other Cities" segment exhibits considerable growth potential, its overall contribution currently remains smaller than the major metropolitan areas. The competitive landscape is defined by large multinational firms and regional players who engage in both development and brokerage activities, reflecting the market’s complexities and opportunities. This competitive intensity drives innovation and necessitates continuous adaptation to shifts in demand and technology. The ongoing evolution of workspace design, encompassing sustainable practices and flexible arrangements, further shapes the market's trajectory. Recent developments include: April 2022: Taking the opportunity to rethink its workplace approach throughout the pandemic, Avison Young used its London Gresham Street office to create two pilot spaces-one transformed and one legacy floor that remained unaltered-to compare the effect of different layouts and amenities. While employees in Avison Young's London office were already working in an agile way before the disruption of COVID-19, the newly configured floor underwent a transformation to an activity-based model., January 2022: IWG, the world's leading provider of workspace, is introducing electric vehicle (EV) chargers across a number of its locations in the United Kingdom to help the nation's hybrid workforce operate more sustainably. IWG is installing EV charging points at a number of its office locations in the United Kingdom to support members' sustainable choices.. Notable trends are: Declining Vacancy Rates and Increasing Rents of Office Spaces in London.

Corporate travel is closely tied to fluctuations in business confidence. Economic uncertainty, Brexit and the COVID-19 pandemic, which brought the industry to a halt in March 2020, significantly dented revenue for agencies at the beginning of the previous five-year period in 2020-21. The industry is still adapting to the new working trends and spending strategies of corporate companies post-pandemic in 2025-26. Demand for travel services has also faced recent hurdles of high prices for flights and hotels due to steep inflation and companies’ efforts to curb their carbon emissions. Video calls are now a cemented alternative to domestic and international business travel that saves time and money for companies. Demand from the industry's largest downstream market, the banking, financial services and insurance industries, has dropped due to the relocation of many companies out of the UK to avoid the loss of passporting rights, which they lost back in 2021. Loss of major financial clients has left a lingering impression on demand for corporate travel agents. Although industry revenue is expected to grow by 7.7% in 2025-26 as businesses increase their levels of travel, revenue is anticipated to soar at a compound annual rate of 41.8% to £4.6 billion over the five years through 2025-26 after it plummeted in 2021-22 amid lockdown restrictions. Agencies have faced unsustainably high operational expenses in recent years, driving many out of the industry and constraining profits. Over the five years through 2030-31, revenue is expected to rise at a compound annual rate of 5.1% to reach £5.9 billion, which is slightly above pre-pandemic industry revenue. The industry is significantly affected by business confidence and profit, meaning the pace at which the economy recovers following sluggish economic growth and dented business confidence will likely influence industry revenue heavily over the coming years. The growing use of virtual meetings and events and the ever-growing demand for online travel agents will slow the market's full recovery. However, progress between the UK and EU regarding ease of travel will stand to benefit the corporate travel services industry in the coming years.

This project conducted a cross-sectional survey of attitudes regarding the EU Referendum, the campaigns and political participation. Data were collected before the EU Referendum (March 2016), and after the referendum (June 2016). Sample sizes are as follows: March 2016 (5,120) and June 2016 (5,101).

This proposal is for a National Research Centre (WISERD/Civil Society) to undertake a five year programme of policy relevant research addressing Civil Society in Wales. Established in 2008, WISERD provides an 'All-Wales' focus for research and has had a major impact on the quantity and quality of social science research undertaken in Wales. As part of WISERD, WISERD/Civil Society will enable this work to be deepened and sustained through a focused research programme that further develops our research expertise, intensifies our policy impact and knowledge exchange work and strengthens our research capacity and career development activities. WISERD/Civil Society will therefore aim to develop key aspects of the multidisciplinary research initiated during the first phase of WISERD's work to produce new empirical evidence to inform our understanding of the changing nature of civil society in the context of devolved government and processes of profound social and economic change. There are many disagreements over what civil society is and how it may be changing. We do know that over the last forty years there have been unprecedented changes in the spheres of economy and industry, politics and governance, social relations and individual life courses. How individuals in local contexts are affected by and respond to dramatic institutional changes is not well understood. An important gap in our knowledge is in describing and explaining the impact of social change on local forms of civil society and civil society organisations and what this means for social cohesion and well-being. In addition how different forms of civil society are developing in the context of multi-level and devolved government is not well understood. Because of its size and devolved government, Wales offers a unique context for studying these issues. Viewing Wales as a 'laboratory for social science' the proposed centre will build on existing networks of researchers who have a wide range of expertise and skills. Large survey data sets will be exploited and analysed and new data collected on civil society in Wales, the UK and Europe. Inter-disciplinarity and multi-method approaches applied to longitudinal and comparative data will be a key feature and strength of the WISERD/Civil Society research programme. Our research will be underpinned by three principles: (i) to maximise research impact, (ii) to become a centre of excellence for comparative, longitudinal, and relational research methods and (iii) to contribute to the growth of research capacity in Wales. We will also extend our research out from Wales to undertake comparative studies at different regional, national and international levels. In this way WISERD will make substantive and novel contributions to the advancement of social theory applied to researching contemporary civil society and to methodological approaches to describing and explaining patterns of civic participation in the context of devolution and multi-level governance. Substantive research will be applied to real and timely research problems conducted under four inter-related themes: (1) Locality, Community and Civil Society, (2) Individuals, Institutions and Governance, (3)Economic Austerity, Social Enterprise and Inequality, (4) Generation, Life Course and Social Participation. Our aim will be to produce a wide range of outputs accessible to a variety of different audiences, including: academic papers; books; working papers; seminars; web based material; video and e-learning materials; as well as disseminating our work through a diversity of activities. Public awareness will be raised through events; activities; and exhibitions, designed to foster interest and encourage discussion and debate. WISERD/Civil Society will have a strong management structure, substantial institutional support, and close links with relevant organisations, and will provide substantive career development for new and early-career researchers and PhD students.

In the third quarter of 2025, the value of exports from the United Kingdom amounted to approximately 234 billion British pounds, while imports to the country amounted to around 238 billion pounds, resulting in a trade deficit of around 4.5 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the first quarter of 2025. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

The statistic shows the growth rate in the real GDP in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the rate of GDP growth in the United Kingdom was at around 1.1 percent compared to the previous year.The economy of the United KingdomGDP is used an indicator as to the shape of a national economy. It is one of the most regularly called upon measurements regarding the economic fitness of a country. GDP is the total market value of all final goods and services that have been produced in a country within a given period of time, usually a year. Inflation adjusted real GDP figures serve as an even more telling indication of a country’s economic state in that they act as a more reliable and clear tool as to a nation’s economic health. The gross domestic product (GDP) growth rate in the United Kingdom has started to level in recent years after taking a huge body blow in the financial collapse of 2008. The UK managed to rise from the state of dark desperation it was in between 2009 and 2010, from -3.97 to 1.8 percent. The country suffered acutely from the collapse of the banking industry, raising a number of questions within the UK with regards to the country’s heavy reliance on revenues coming from London's financial sector, arguably the most important in the world and one of the globe’s financial command centers. Since the collapse of the post-war consensus and the rise of Thatcherism, the United Kingdom has been swept along in a wave of individualism - collective ideals have been abandoned and the mass privatisation of the heavy industries was unveiled - opening them up to market competition and shifting the economic focus to that of service.The Big Bang policy, one of the cornerstones of the Thatcher government programs of reform, involved mass and sudden deregulation of financial markets. This led to huge changes in the way the financial markets in London work, and saw the many old firms being absorbed by big banks. This, one could argue, strengthened the UK financial sector greatly and while frivolous and dangerous practices brought the sector into great disrepute, the city of London alone brings in around one fifth of the countries national income making it a very prominent contributor to wealth in the UK.

Over seven years since the Brexit referendum of 2016, Britons are still divided on what they think their relationship with Europe should be. Approximately 31 percent of voters would vote to rejoin the EU, the most popular option, while 30 percent of voters like to increase the trading relationship with the EU without joining the single market. While eleven percent of people wanted to only join the single market, just ten percent were happy with the current relationship, and nine percent wanted to reduce the UK's ties with the EU even further. Most voters now regret Brexit Despite people in the UK struggling to agree on what the UK/EU relationship should look like, a growing majority have started to regret Brexit. When asked if they thought Brexit was the wrong decision, in April 2021, 46 percent of Britons thought it was the right decision, compared with 43 percent who thought it was the wrong decision. As of January 2025, the share of people who thought Brexit was the wrong decision had increased to 55 percent, while the share who thought it was the correct decision had fallen to just 30 percent. Britons see few Brexit benefits in 2025 According to a poll regarding the impact of Brexit conducted at the start of 2025, 31 percent of people in Great Britain thought that Brexit had a positive impact on the ability of the country to make its own laws. Most of the impacts of Brexit were, however, seen to be negative, especially in economic terms. Of those surveyed, 67 percent thought that Brexit had a negative impact on the cost of living, with a further 65 believing it had a negative impact on the economy in general. Even among issues important to leave voters before the referendum, such as immigration, Brexit was generally seen to have had a detrimental impact, with just six percent of people thinking Brexit had being positive in this respect.

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and also held back on more significant cuts to welfare.

This chart shows results from an online survey conducted in Great Britain in 2016 on whether Brexit supporters would still be in favor of Brexit if British people needed a visa to travel elsewhere in Europe, sorted by age group. The most support for leaving the EU under these circumstances was found in the older age groups. By contrast, the most respondents who opposed the idea of Brexit were recorded to be in the youngest age group.

As of June 2025, 56 percent of people in Great Britain thought that it was wrong to leave the European Union, compared with 31 percent who thought it was the right decision. During this time period, the share of people who regret Brexit has been slightly higher than those who support it, except for some polls in Spring 2021, which showed higher levels of support for Brexit. Is Bregret setting in? Since late July 2022, the share of people who regret Brexit in these surveys has consistently been above 50 percent. Additionally, a survey from January 2025 highlighted that most people in the UK thought that Brexit had had a mainly negative impact, especially on the cost of living and the economy. Despite there being a clear majority of voters who now regret Brexit, there is as yet no particular future relationship with the EU that has overwhelming support. As of late 2023, 31 percent of Britons wanted to rejoin the EU, while 30 percent merely wanted to improve trade relations and not rejoin either the EU or the single market. Leave victory in 2016 defied the polls In the actual referendum, which took place on June 23, 2016, Leave won 51.9 percent of the votes and Remain 48.1 percent, after several polls in the run-up to the referendum put Remain slightly ahead. Remain were anticipated to win until early results from North East England suggested that Leave had performed far better than expected, with this pattern replicated throughout the country. This event was repeated somewhat in the U.S. election of that year, which saw Donald Trump win several key swing states such as Pennsylvania and Wisconsin, despite predictions that these states would vote for Hillary Clinton.

The unemployment rate of the United Kingdom was five percent in September 2025, up from 4.8 percent in the previous month, and the highest rate of unemployment since 2021. Before the arrival of the COVID-19 pandemic, the UK had relatively low levels of unemployment. Between January 2000 and the most recent month, unemployment was highest in November 2011, when the unemployment rate hit 8.5 percent. Will unemployment continue to rise in 2025? Although low by historic standards, there has been a noticeable uptick in the UK's unemployment rate, with other labor market indicators also pointing to further loosening. In December 2024, the number of job vacancies in the UK fell to its lowest level since May 2021, while payrolled employment declined by 47,000 compared with November. Whether this is a continuation of a broader cooling of the labor market since 2022 or a reaction to more recent economic developments, such as upcoming tax rises for employers, remains to be seen. Forecasts made in late 2024 suggest that the unemployment rate will remain relatively stable in 2025, averaging out at 4.1 percent and falling again to four percent in 2026.
Demographics of the unemployed As of the third quarter of 2024, the unemployment rate for men was slightly higher than that of women, at 4.4 percent, compared to 4.1 percent. During the financial crisis at the end of the 2000s, the unemployment rate for women peaked at a quarterly rate of 7.7 percent, whereas for men, the rate was 9.1 percent. Unemployment is also heavily associated with age, and young people in general are far more vulnerable to unemployment than older age groups. In late 2011, for example, the unemployment rate for those aged between 16 and 24 reached 22.3 percent, compared with 8.2 percent for people aged 25 to 34, while older age groups had even lower peaks during this time.