Brexit 10 Years On: UK Economy & Calls for Single Market Return
Ten years after the United Kingdom voted to leave the European Union, the Labour government is facing increasing internal pressure to reconsider its position on rejoining the EU’s single market. Prime Minister Keir Starmer pledged during the 2025 election campaign not to pursue renegotiations for re-entry into the European space, but calls within his party and government for a shift in strategy are growing louder.
On June 23, 2016, 51.9% of British voters who participated in a referendum supported the UK’s withdrawal from the European Union, according to the Electoral Commission. However, the referendum did not address the specific terms of departure. Following four years of internal debate, the government led by Boris Johnson opted for a complete break.
Several countries outside the EU participate in the single market, which guarantees the free movement of goods, capital, and people. Norway, Liechtenstein, and Iceland are examples. Iceland is currently considering closer ties with the EU, with a referendum planned on potential membership, as reported by El Diario.
The debate within the Labour party reflects a growing concern over the sustained economic consequences of Brexit. While Starmer has maintained a firm stance against rejoining the single market, arguing it would be a distraction from addressing domestic priorities, dissenting voices point to the economic benefits of closer integration with Europe.
In a speech at the Labour Party Conference in 2025, Prime Minister Starmer outlined his government’s priorities, focusing on domestic issues and economic recovery. However, the speech did not directly address the growing calls for a re-evaluation of the Brexit strategy.
The possibility of a shift in Labour’s position comes as the UK continues to grapple with the economic fallout from Brexit. The long-term effects of leaving the EU remain a contentious issue, with proponents of Brexit arguing that it has allowed the UK to pursue independent trade deals and regulatory reforms, while opponents maintain that it has damaged the UK’s economy and international standing.
Former Labour leader Jeremy Corbyn has suggested that the UK could be better off outside of the EU, a position that contrasts with the current internal debate within the party. This divergence in views highlights the complexities facing Starmer as he navigates the political landscape surrounding Brexit.
As of today, the Labour government has not announced any plans to initiate negotiations with the EU regarding re-entry into the single market. The issue remains a point of contention within the party, and the Prime Minister’s office has offered no indication of a forthcoming change in policy.