The United Kingdom held a referendum on June 23, 2016, deciding to leave the European Union with 52% in favor.
The country officially left the EU on January 31, 2020 after 50 years of free trade and people movement.
To date, the political, economic, social, and cultural aftermath of Brexit is still being felt in the UK.
The departure from the EU has increased costs and delays for British firms due to new bureaucratic processes.
Brexit has also led to an unexpected increase in immigration rather than reducing it.
Brexit has resulted in five prime ministers, further polarizing the Conservative Party.
Public opinion in the UK has started to regret the decision to leave the EU.
Conclusion: Five years after Brexit, regret is apparent and the economy has experienced significant setbacks. Nationalism and sovereignty alone have not been able to compensate for the economic losses.