Brexit Chaos Gone, the U.K. Is Too Cheap to Ignore
Britain has stable government, a world-leading vaccine program and a head start over other economies. Five years is a long time in politics.
Is Britain ready to splurge?
Photographer: Charles McQuillan/Getty Images
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Next month brings the fifth anniversary of the U.K.’s decision to leave the European Union. I didn’t vote for it, and still wish that the country had chosen a different direction. But at this point, after an initial hit that was worse than Brexit’s proponents had forecast, followed by four years of political chaos that shook the country to its foundations, the damage is looking rather more limited than opponents like me had expected. The U.K. continues to show signs that it could be an interesting investment opportunity. It is also set up to be a fascinating testing ground for post-Covid economic effects as countries emerge from the pandemic.