From Breakingviews: Campaigning to quit the European Union propelled Boris Johnson to high office. Though his three-year tenure as prime minister is over, the UK still faces lasting economic damage, peter_tl says
Some of the prime minister’s former disciples have sensed the change in the political climate. Stepping down as chancellor on Tuesday, Rishi Sunak wrote that “our people need to know that if something is too good to be true then it’s not true”. That’s a striking statement from a politician who spent much of the past six years extolling the opportunities for Britain from divorcing its largest trading partner, while downplaying the costs of doing so.
Nevertheless, Brexit added to the sense of malaise. Trade frictions have left Britain with higher inflation and slower economic growth than many other developed countries; the UK’s Office for Budget Responsibilitythem to lower UK exports and imports by 15% in the long run. The government is legislating to nullify parts of its trade deal with the EU just 18 months after Johnson signed it.
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