The UK used to have the highest growth figures among the major European economies. Since the Brexit vote, the UK has gone to the bottom of the list.
This has what I’ve heard called a “soft paywall”, no subscription necessary but you need an account.
Just a heads up for OP, maybe find an archive?
These are mostly related to market economic reporting variances between the G group of countries. The headline is building a false narrative that could be seized upon by the anti Brexitiers to point a finger at. The UK is a service based economy where it’s GDP is factored by multi variant factors. Countries that rely on tourism a lot for example have better numbers in the summer whereas those that rely on manufacturing have better numbers during peak sales periods.
For example, the UK is on track according to IMF forecast to show the fastest growth rate of any G7 country this year when it grows by 6.8%. Now due to their reporting variances, one could argue it’s best to wait till the October numbers are in. Of course that won’t sit well with the anti UK/Brexit gang but if they went with that IMF number, they will blow the rest out of the water.
TLDR: Reporting times can impact the narrative you want to build.
The Office for Budget Responsibility estimates a loss of more than £1250 per person over the next 15 years due to Brexit alone.
Government figures estimate that all of BJs post-Brexit trade deals so far will amount to a gain of £3 – £7 per person over the next 15 years.
Hence, going by government figures, the average persons financial loss from Brexit (£1250) will be roughly 178x the highest estimate of what they will gain (£7) from post-Brexit trade deals.
Italy: *First time?*
Brexiteers told me yesterday. And I quote
>UK…fastest growth of the G7 this year.
Oh no! There’s a very serious risk that the UK might slip from being 5th to 6th richest country in the world at this rate!
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The UK used to have the highest growth figures among the major European economies. Since the Brexit vote, the UK has gone to the bottom of the list.
This has what I’ve heard called a “soft paywall”, no subscription necessary but you need an account.
Just a heads up for OP, maybe find an archive?
These are mostly related to market economic reporting variances between the G group of countries. The headline is building a false narrative that could be seized upon by the anti Brexitiers to point a finger at. The UK is a service based economy where it’s GDP is factored by multi variant factors. Countries that rely on tourism a lot for example have better numbers in the summer whereas those that rely on manufacturing have better numbers during peak sales periods.
For example, the UK is on track according to IMF forecast to show the fastest growth rate of any G7 country this year when it grows by 6.8%. Now due to their reporting variances, one could argue it’s best to wait till the October numbers are in. Of course that won’t sit well with the anti UK/Brexit gang but if they went with that IMF number, they will blow the rest out of the water.
TLDR: Reporting times can impact the narrative you want to build.
The Office for Budget Responsibility estimates a loss of more than £1250 per person over the next 15 years due to Brexit alone.
Government figures estimate that all of BJs post-Brexit trade deals so far will amount to a gain of £3 – £7 per person over the next 15 years.
Hence, going by government figures, the average persons financial loss from Brexit (£1250) will be roughly 178x the highest estimate of what they will gain (£7) from post-Brexit trade deals.
Italy: *First time?*
Brexiteers told me yesterday. And I quote
>UK…fastest growth of the G7 this year.
Oh no! There’s a very serious risk that the UK might slip from being 5th to 6th richest country in the world at this rate!