It has now been a full decade since Britain voted 53 to 47 to leave the European Union.
Opinion polls now indicate that over 75% now regard this as a bad decision with many of the architects of Brexit such as the former Prime Minister Lord Cameron expressing regret at the move. It is unlikely Cameron’s seven undistinguished years in Downing Street will be remembered for much else. Like Thatcher before him, his premiership both began and ended with severe economic recession.
The pound began dropping before the celebrations had even ended. Cameron and his Chancellor George Osborne were able to briefly use the cover of the mounting economic crisis to cling to power into the new year. He was assisted in this by the ructions in the Labour Party with Labour MPs using the excuse of the referendum defeat as an excuse to blame and overthrow their leader Jeremy Corbyn.
By 2017, unemployment was over two million (it has never been as low since) and both the facts that the country had a huge deficit and the Tories had a tiny majority suddenly became hugely relevant. As under John Major, the economy suffered both severe recession and Tory civil war. The Queen expressed concern. Cameron fell. For all his sub-Churchillian rhetoric, his gaffe-prone successor Boris Johnson proved no more able to cope with the slump than Cameron had. Nor could Chancellor Michael Gove.
Ten years on, unemployment is again back to 1980s levels, permanently over three million. Immigration has increased dramatically, the illusion that we could control our own borders on our own dramatically exposed as a pipe dream. UKIP, against expectation, remains strong although less strong than the resurgent pro-European Liberal Democrats. Any democratic gains achieved by Brexit seem to have passed most people by, unnoticed.
The newspapers, fierce cheerleaders for Brexit at the time now condemn it as an “historic mistake”.
The Prime Minister, encouraged by the support of former US president Hillary Clinton, is thought to be contemplating a new bid to apply for EU membership as soon as soon as the coronation is over.
It is not known if this will be successful.