Another disguised version of populism taking advantage of the Brexit prospect can be seen in the promise for broad-scale renationalisation, so-called Corbynomics, which would mean a return to the 1970s, by the British main opposition party leader, who has announced his intention to return to the model of nationalisation of banks, water industries, transport, etc., through the back door.
Based on the pretext of market failures identified in their privatisation, full government control of such industries would be disastrous for the UK economy and the world, with a ‘megatone’ effect: 10 times bigger than Brexit. Despite all this, a majority of EU citizens harbour a favourable opinion of EU membership, which has recovered to levels close to those recorded prior to the crisis.