In defence of Brexit

Opponents of Brexit have been given plenty of ammunition in recent weeks. Trade with the European Union has taken a big knock. Many British exporters say that owing to the excessive bureaucracy they can no longer sell to the Continent. The United Kingdom’s new trade deals have promised a lot but delivered little. There is worldwide inflation, but Britain is still expected to be the worst economic performer in Europe next year, by some margin.

Opinion polls suggest an ever-growing number of voters think it was a mistake to leave. This magazine is the only publication to have backed British independence in both the 1975 and 2016 referendums – arguing on both occasions that it was time to go ‘Out, and into the world’. That remains our view. Brexit has indeed exposed deep problems with our low-pay, high-welfare economy. That exposure can only be a good thing.

The 2016 referendum was a democratic shock which disorientated the political class and forced them to take stock.