This article marks the 10th anniversary of the UK's Brexit referendum, providing a comprehensive analysis of the economic and political consequences. Key data includes a 6-8% output loss, 15% trade decline forecast, and 57% of Britons now considering the exit a mistake. For UPSC/PSC aspirants, this serves as a critical case study for Mains on the trade-offs between sovereignty and economic integration, and provides multiple data points for Prelims.
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- ›Referendum Date: 23 June 2016
- ›Leave Vote Share: 51.9%
- ›Target this Data: 51.9% leave vote, 57% regret Brexit, 6-8% output loss, 15% trade decline
- ›Target this Nodal Body: Office for Budget Responsibility (OBR) – UK’s autonomous fiscal watchdog
- ›Target this Legal Point: Trade and Cooperation Agreement (TCA) – post-Brexit FTA between UK and EU
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