The Brexit bill comes due: ten years, seven prime ministers, and an economy 6% smaller than it should be

TL;DR

The Brexit referendum turns ten today. An NBER study estimates the UK economy is 6-8% smaller than it would have been, with investment down 12-13% and productivity down 3-4%. Seven prime ministers have held office since the vote, and 57% of Britons now say leaving was wrong.

Ten years ago today, 52% of the British electorate voted to leave the European Union. The decade that followed delivered seven prime ministers, a permanently weakened currency, and an economy that a landmark study now estimates is between 6% and 8% smaller than it would have been had the country voted to remain.

On Monday, Keir Starmer became the sixth prime minister to leave officesince the referendum, resigning after less than two years amid a Labour leadership challenge from Andy Burnham. No occupant of 10 Downing Street has lasted longer than three years in the post-Brexit era, and one, Liz Truss,...

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