Red tape and rigid regulators are blamed for thwarting the UKs Brexit ambitions

Published: May 19, 2023, 10:51 a.m.

The \u201cBrexit dividend\u201d was the assurance that the United Kingdom\u2019s economy stood to gain from the country leaving the European Union. The theory was that, once unshackled from the EU\u2019s 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\u2019re 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.