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As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace Replace Reeves if Starmer goes, voters tell Labour Right to Buy has been a huge success, of course the left hates it Regional bond revolution risks making Britain more unequal and less prudent Labour may not agree with Blair, but the public does… The world can’t keep consuming more than it produces If performance matters more than privilege then prove it Wayve: London robotaxis will make passengers forget there’s no driver Mandelson Files add insult to injury, but the patient was already beyond saving Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion Pension master trusts join forces to tackle outdated transfer systems Iran ‘pulls out of talks with US’ and threatens to strike Israel Anthropic files for IPO as race with OpenAI heats up ‘Be more Trumpian’ – Mandelson discussed dire economy and ‘lack of verve’ with key Starmer ally Deloitte UK appoints first chief AI officer in drive for ‘AI-enabled’ services Private credit is crowded — but disciplined capital still knows where to look Squash players turn to social media to cash in on LA Olympic Games opportunities Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client WWEX Group and Auctane Complete Merger, Creating Leading Logistics Provider ShipStation Global Sadiq Khan: London tech boom can weather ‘dizzying’ AI risks New mixed gender trophy introduced for coming Hundred season Labour voters lead AI adoption as public remains split on impact North Highland Names Anthony Shaw Global Chief Executive Officer Vyond Appoints SaaS Industry Veteran Scott Ernst as Chief Executive Officer Winston Taylor Completes Historic Transatlantic Combination M&S chief’s pay slashed by £3m after cyberattack turmoil Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100 Stop and think before asking for a bigger salary Brits back Blair’s growth calls – yet are squeamish over welfare cuts Number of claims management firms halves after FCA clampdown Richard Desmond hit with £40m bill over ‘fanciful’ lottery feud Pub bosses warn tax hikes driving youth unemployment crisis UK manufacturing survives Iran war impact Labour sheds union member support to Reform, poll shows Private equity-backed Ryan triumphs in bidding for European tax adviser Svalner Atlas Wise shares plummet as money transfer firm faces fraud investigation KBRA Releases Research – European Fibre ABS: From Build-out to Securitisation Everbridge Expands Presence in Germany with New Munich Office Iran war triggers slump in selfies, ME Group warns Landlords rush to protect income over Renters’ Rights Act fears Ascensia Diabetes Care Expands CONTOUR® Portfolio with CONTOUR®COMFORT Pen Needles to Bring Greater Stability and Control to the Everyday Injection Experience Corient Completes Acquisitions of Stonehage Fleming and Stanhope Capital Group; Global Assets Surpass US$500 Billion Autobrains and Uber to Launch Agentic AI Robotaxi Program in Munich built on NVIDIA DRIVE Hyperion Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid House prices fall again as property market ‘deteriorates’ Exclusive: Roland Garros star and ATP chief in £450,000 tennis fund raise Milburn NEET review: Anger crackles from the page but will Labour act? 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Has Brexit been a success? It
Christian May · 2026-06-24 · via City AM

 |  Updated: 

(An anti brexit protester seen with his placard and a EU flag outside the house of parliament. -- Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images)
Ten years on from the Brexit vote - the issue is still live, and divisive

Ten years ago today the country woke to the news that the UK had voted to leave the European Union. Campaigners for Remain were horrified, pro-Brexit activists were jubilant, markets were panicked and in Westminster the Prime Minister, David Cameron, resigned.

The magnitude of the Leave campaign’s victory – of their achievement – was sinking in as its most high-profile figures, Michael Gove and Boris Johnson, prepared to deliver a press conference in the ground floor of their campaign HQ. These two men, who would later fall out in spectacular fashion, appeared stunned by what they’d helped bring about. The media seized on their restrained remarks as evidence that they were already feeling guilty, and scared. In reality, they had just been following the agreed plan to appear “sober, dignified and gracious.” As Matthew Elliott, Vote Leave’s CEO, says in his new book, Ten Years On, “the idea that they weren’t ecstatic about winning is nonsense…[but] In our attempt to avoid looking jubilant, our team ended up looking shell-shocked rather than statesmanlike, sowing the seed that ‘we didn’t have a plan’ into the minds of the public.”

‘We took back control…and lost it again’

Hours earlier, upon hearing the news that Leave had won, Elliott sent Dom Cummings – the notorious campaign director – a message saying “We did it.” Cummings replied: “We took back control.” Recalling this exchange, Elliott writes: “We couldn’t have imagined…how quickly we would lose it again.” Much of the book is devoted to the Game of Thrones drama that followed the vote: the emergence of new Tory tribes; deals and betrayal; egos and mistrust; legal rows and constitutional chaos. The resulting turbulence saw four different Tory PMs over the next eight years.

So, was it worth it? Elliott’s answer, when I interviewed him this week, was a resounding “yes.” He has no regrets and believes that Britain will be (and in many ways, has been) better off outside the EU since formally leaving in 2020. But it’s clear he views it as an unfinished project; a project that for him was a righteous cause based on a simple premise but which was mangled and frustrated by party politics and a lack of confidence in ourselves. “Tasked with mapping out a post-Brexit vision for Britain, our politicians failed, succumbing to choice overload,” he writes.

Some of you will agree with his analysis, others will claim that Brexit was doomed to fail. Perhaps the truth is that, ten years on from the vote but only six years on from leaving, it is too early to tell. Personally, I think the arguments that were made in favour in leaving have grown stronger with the passing of time while arguments in favour of rejoining grow weaker by the day. As Dr Gerard Lyons points out in a compelling new paper for the Centre for Policy Studies: “When we joined the EEC in 1973, its nine members – including the UK – accounted for around 27 per ent of global GDP. Now its 27 members account for around 18 per cent of global GDP and within a quarter of a century, its share of global GDP will probably be less than 10 per cent, smaller than India’s.” In other words, this ship has sailed.

In the final pages of his book, Elliott says “we need to have the self-confidence as a country to grasp the opportunity for prosperity that Brexit has given us.” That ought to be something that all sides can agree on.

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