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A decade on from Brexit vote, divided brothers are both disappointed

Published by Global Banking & Finance Review

Posted on June 16, 2026

3 min read

· Last updated: June 16, 2026

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A Decade After Brexit Vote: UK Business Owners Voice Disappointment

Reflections on Brexit: Business Owners and National Sentiment

By Marissa Davison

Contrasting Perspectives: The Baxter Brothers

NOTTINGHAM, England, June 16 (Reuters) - Two businessmen brothers who held opposite positions on Brexit at the time of the vote are both feeling disappointed 10 years on. For one new freedoms have been squandered, while the other bemoans the complications to trade.

The disillusion felt by Nigel Baxter, who has a commercial vehicles business, and Ian Baxter, who owns a logistics company, over the UK's departure from the European Union reflects the feeling across the country.

Public Opinion Shifts

Almost six in 10 people now think Britain was wrong to vote to leave the EU, according to a YouGov poll on June 9. The 52% of people who voted on June 23, 2016, to leave have found out they were "sold a dream", Ian, 60, said.

Nigel Baxter: Hopes Unfulfilled

Nigel, who campaigned to leave, and is based in Nottingham, central England, said the deregulation, tax cuts and inward investment he hoped Brexit would bring have not happened, blaming the government for a lack of dynamism.

"We have failed to capitalise on something that was monumental in terms of the decision," Nigel, 63, said.

Impact on Trade

Ian Baxter: Trade Complications and Business Adaptation

For Ian, staying in the bloc was the pragmatic choice and the best way to ensure Britain's prosperity and security.

There had been no "catastrophic consequences" from leaving, he said, but it had become much harder for British companies to sell goods to the EU, which remains the UK's biggest trading partner by far.

Logistics Business Growth Amidst Challenges

Ironically, thanks to Brexit, Ian's logistics business, also based in Nottingham, has grown significantly because he established a unit to provide customs services to help UK companies sell to the EU.

"It's thriving at the cost of our customers really and their trade with the European Union which is not as strong as it otherwise would have been," he said. "My view is still it should never have become more complicated."

Personal and National Divides

As well as being at odds over Brexit, the brothers support rival football teams, Chelsea and Arsenal, but throughout the Brexit debate they have maintained a close relationship.

That was not always the case in the wider country in 2016, when tempers flared over Brexit, with dire warnings over the economic impact of leaving, and incendiary billboard posters featuring long queues of migrants.

Brexit Battleground in Any Leadership Contest

Current Political Climate and Future Prospects

Today, the mood over the historic decision is more muted, overtaken by new fractures in society, but with voters still concerned about similar issues - stagnant living standards, underfunded public services and migration.

"It's sort of faded in my mind to be honest with you," Nigel said.

Labour Party and EU Relations

For Ian, Brexit is still front of mind, and the issue has reemerged as a battleground in a potential leadership contest in the governing Labour Party.

He is pleased the current government, elected in 2024, has been trying to forge closer relations with the EU, but he rejects the idea of rejoining on worse terms.

"I'm not sure the EU would offer us the sweetheart deal that we had then ... I doubt very much that is available and therefore I don't see the UK rejoining the EU," he said.

(Reporting by Marissa Davison; Writing by Sarah Young;Editing by Alison Williams)

Key Takeaways

  • A YouGov‑based Statista poll in June 2026 shows 57% believe Brexit was the wrong choice, with just 30% saying it was right (statista.com).
  • A Pew Research Centre study finds 67% of Britons now view the EU favourably—up sharply from a decade ago (euronews.com).
  • Economists estimate Brexit has cost between 2% and 8% of UK GDP, contributing to widespread disillusion including among both Nigel and Ian Baxter (theweek.com).

References

Frequently Asked Questions

How do UK business owners feel about Brexit 10 years later?
Both 'Leave' and 'Remain' supporters are disappointed, citing squandered freedoms and increased trade complications.
Has Brexit led to economic improvements for UK businesses?
Many hoped for deregulation and investment, but business owners report these benefits have failed to materialize.
What trade issues have UK businesses faced after Brexit?
Businesses report it is much harder to sell goods to the EU, the UK's largest trading partner, due to new barriers.
Have any UK businesses benefited from Brexit-related changes?
Some logistics companies grew by providing new customs services, though often at the expense of their clients' EU trade.
Is there public support to reverse Brexit and rejoin the EU?
Public opinion has shifted, with almost six in ten believing Brexit was a mistake, but rejoining on favorable terms seems unlikely.

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