Could Britain rejoin the European Union?
Could Britain rejoin the European Union? People are now posing this unthinkable question after several polls found a majority of British people saying that the Brexit vote in 2016 was a mistake and they would vote to rejoin in a second referendum.
The main driver of this change is the dire state of the economy. Inflation in January was running at 10.1 per cent. The International Monetary Fund forecasts that Britain's GDP this year will fall by an annual 0.6 per cent, making it the worst performer in the G7.
Ray Barrell, emeritus professor of economics and finance at Brunel University, said that the shadow of Brexit would continue to reduce growth by up to half a per cent a year for two or three more years. "Real disposable incomes are likely to continue to fall next year,"he said. ...