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The Indicator from Planet Money

From Brexit to Regrexit

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 11 January 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

In 2016, the United Kingdom voted to leave the European Union. More than 6 years later, a majority of voters are feeling some buyer's remorse. Today, we cover what's changed since Brexit. For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Transcript

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0:00.0

NPR.

0:12.5

This is the indicator from planet money, I'm Whalen Wong.

0:15.2

And I'm Paddy Hirsch.

0:16.5

50 years ago, the UK joined orders today called the European Union.

0:20.4

This was never a particularly comfortable marriage.

0:22.6

And three years ago, Britain and Europe were finally divorced.

0:26.2

Britain has for years been split on the issue of whether to stay in the EU.

0:30.5

But in a 2016 referendum, nearly 52% of voters said they wanted out.

0:35.2

Three years after Brexit, however, 57% of voters pulled say they now believe it was a mistake.

0:41.2

Yeah, only one in five brits think that Brexit's going well.

0:44.7

And businesses feel the same way.

0:46.8

Most firms trading with the EU say the existing relationship with Europe is no help at all

0:52.2

when it comes to increasing sales or growing their businesses.

0:55.9

They call it regret, call it for Brexit.

0:58.7

Whatever you want to call it, Brits are feeling it.

1:01.6

Today, we're going to look at why the opposition to Brexit has gotten so strong recently.

1:06.6

And why UK businesses in particular are feeling buyers remorse.

1:16.4

Brits are not happy about Brexit.

1:19.0

Polls, if you said any store by them, show a 10 point swing in the last year or so that

1:23.9

now the majority of British voters think it was a bad idea for the UK to leave the EU.

1:30.0

This doesn't necessarily mean that a large number of people who voted to leave when I

1:34.6

regretting their decision.

...

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