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Red tape and rigid regulators are blamed for thwarting the UK’s Brexit ambitions
19 May 2023 00:00
The “Brexit dividend” was the assurance that the United Kingdom’s economy stood to gain from the country leaving the European Union. The theory was that, once unshackled from the EU’s burdensome regulation, the UK be able to apply a light-touch to rules and become a European economic powerhouse. That dividend has yet to materialize, however, with some businesses complaining that the red tape they’re facing in post-Brexit Britain, along with overbearing regulators, is worse than ever. Recent developments suggest the government has its work cut out for it if it wants to change that narrative.