The Brexit vote’s lasting impact on Britain and Europe
How has Brexit changed Britain and the EU over the past three years?
Below is a selection of The Economist's coverage of Brexit since the referendum. The articles were used to produce our film "How is Brexit changing the European Union?”. This post is part of “The Story Behind”, a film series that reveals the processes that shape our video journalism.
Britain’s impending departure from the European Union has challenged the country’s democracy, economy and society. But it has also affected the EU itself. Whatever the outcome, Brexit will have a lasting impact. How did we get here, exactly? And what happens next?
Economic uncertainty
Brexit’s economic impact has been difficult to quantify. Forecasters’ conclusions have varied widely (see chart). Over the past three years, The Economist has covered the many ways in which Brexit may shape the British, European and global economies.
London’s financial prowess is something to behold. It hosts 37% of the world’s currency dealing and 18% of cross-border lending. It is a hub for derivatives, asset management, insurance and investment banks. But Brexit means the world’s biggest international financial centre is facing its toughest test.
Regardless of when and how Brexit happens, the impact of the 2016 referendum has already been felt on the continent. Sometimes, in unexpected ways. Matt Steinglass, The Economist’s deputy Europe editor, explained how some of the challenges facing the EU—and a few of the myths around it—have their roots in the unique nature and evolution of the union. Watch an extended excerpt from our interview with him below.
Public Opinion Poll: “Please tell me for each statement, whether you tend to agree or disagree? (Our country) could better face the future outside the EU” - The European Commission
What’s next?
Whatever the outcome, Brexit has wrought a new divide in British society and fractured the foundations of the country’s democracy.
As this piece was published, a new Brexit deal was struck between Britain and the EU. But it will still have to be approved by Britain’s House of Commons. On Monday October 21st, The Economist is hosting a Q&A to take audience questions and talk about the latest updates. Watch it on our Youtube channel.