UK Economy

Five years ago, on 31 January 2020, the UK officially left the European Union, marking the end of a 47-year relationship. While the political ties were severed immediately, the UK remained in the EU single market and customs union for another 11 months to ease the transition. Since then, Brexit has had far-reaching effects on the UK’s economy, immigration, travel, laws, and finances. Let’s take a closer look at five key impacts of Brexit, five years on.