LATEST : Brexit Britain is fastest-growing G7 country for second year running

BoE, OBR and BBC wrong again, as UK did NOT enter recession in final quarter of 2022

Montage © Facts4EU.Org 2023

Since Brexit, the UK has outperformed other major economies and busted Rejoiner myths

Yet again Brexit Britain’s economy grew in 2022 – by 4.0%, according to the latest data from the Office for National Statistics (ONS) released yesterday. And yet again Brexit Britain beat all the other G7 countries – for the second year running.

Once again the growth forecasts by most economists, the Bank of England, and the Office for Budget Responsibility were confounded yesterday by the actual results in the final quarter of 2022. On Friday (10 Feb 2023) the Office for National Statistics released the latest figures on economic growth and below we provide a Brexit Facts4EU.Org summary.

Brexit Britain defies gloom-mongers and beats the rest of the G7 countries again

Since the UK formally left the European Union, the UK’s economy has done the precise opposite of what was threatened by the Remain campaigns and by the ‘doom ‘n’ gloom forecasters in government bodies.

Not only that, but Brexit Britain has come out ahead of the other G7 countries.

Brexit Facts4EU.Org Summary

Brexit Britain’s economic growth compared with the rest of the G7

United Kingdom : 4.0%
Italy : 3.9%
Canada : 3.6%
France : 2.6%
United States : 2.1%
Germany : 1.9%
Japan : Yet to report, but will be lower than UK

[Source : Office for National Statistics, Q4 2022 report, released 10 Feb 2023.]

And what was the BBC’s reaction?

Inevitably the BBC chose not to look on the bright side of life. Their headline was :

“UK economy avoids recession but not out of woods – Hunt”

First paragraph:

“The UK narrowly avoided falling into recession in 2022, new figures show, after the economy saw zero growth between October and December.”

If the BBC had bothered to interrogate the actual data as Facts4EU.Org did, instead of parroting the ONS’s press release, they would have found that in Q4 the economy grew by 0.41% compared with Q4 2021. Only marginal growth, admittedly, but not “zero”.

When it comes to international comparisons, the BBC starts in typical fashion

“A glance at the economic league table shows the UK is an economic laggard compared with the rest of the G7 club of rich economies.”

We politely suggest the BBC might wish to look at our chart above, drawn directly from the figures provided by the ONS yesterday.

Readers will have to scroll down to the 23rd paragraph of the BBC’s report before coming across one solitary sentence :

”That [growth figure for 2022] was the biggest increase of all G7 nations for last year.”

UK’s economy even grew in December – despite all the strikes

It seems clear that the UK’s GDP would have risen more, had it not been for the waves of strikes hitting the country over recent months. These affected output in those sectors as well as impacting the economy as a whole. As the ONS says :-

“Within the transport and storage sub-sector there were falls from postal and courier activities as well as rail transport, as both industries saw strikes taking place across the fourth quarter. While the direct impact of the strikes in these industries can be seen in the scale of the falls, we are not able to isolate the impact of these strikes from other factors across the wider economy. However, there was anecdotal evidence to suggest this industrial action had an impact across a wide range of industries.”

Despite this, Brexit Britain’s economy still managed to grow in the final quarter, albeit by only a small amount. And it grew faster than the rest of the G7 last year.

Observations

There is no doubt that the UK’s economic position is fragile, as it is with most developed countries.

Nevertheless, a glance at the international comparison table we have produced above shows that the dire predictions from the Remainer-Rejoiners of an economic Armageddon, forecast to start immediately after any Leave vote in 2016, has not remotely come to pass.

We would suggest that the Remainer-Rejoiners cannot simply deflect onto other subjects, nor try to quote yet more ‘forecasts’. The reason they prefer forecasts, of course, is because these are usually negative when it comes to Brexit Britain. They prefer not to talk about actual results, as we do, because these continually ridicule their position.

We must get reports like this out there

Reports like the one above take far longer to research, write and produce than many people realise. If they were easy, readers would see other organisations also producing these daily.

However, there’s little point in the Facts4EU.Org team working long hours, seven days-a-week, if we lack the resources to promote them effectively – to the public, to MPs, and to the media. This is where you come in, dear reader.

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[ Sources: Office for National Statistics | BBC ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sat 11 Feb 2023

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Reader Comments 19

1. Captain Thunderbolt , Saturday, February 11, 2023, 08:01:

Good to see that the UK is defying the doomsayers.
No doubt the likes of buster and sparky will see it differently.

2. LuxuryBalloon , Saturday, February 11, 2023, 08:57:

Facts4EU has shown that the Daily Express front page headline on 22 Aug 2016: ‘Britain stands at the threshold of a new golden era’ is still true.

3. Gazzablack , Saturday, February 11, 2023, 08:57:

It's a given that the lamestream media would find a cloud for every silver lining.

4. Ashley Great Britain , Saturday, February 11, 2023, 09:09:

Great news. We would be doing even better if there weren't so many officials against Brexit and a prosperous UK.
It's telling you don't see these good results talked about by the likes of the BBC.

5. Have You Wondered , Saturday, February 11, 2023, 09:13:

.
Perhaps this news is a fundamental element along with the USA Inflation Reduction Act proposal that has prompted the decision of the EU wanting to repeal 'State Aid' rules?
.

6. John Jones , Saturday, February 11, 2023, 10:28:

Good point 'Have you Wondered ' - If the EU relaxes (more likely in my view) or repeals State Aid Rules (unlikely) then under the TCA the UK can relax its State Aid rules proportionately.
You slap me, I slap you.

7. Sparky , Saturday, February 11, 2023, 10:43:

Good to see growth but the UK economy is still 0.8 per cent smaller than it was before the Covid pandemic and only country in G7 in that position. Coincidentally we’re the only country to have put barriers up to trading with the EU.

8. Captain Thunderbolt , Saturday, February 11, 2023, 11:13:

@ Sparky you do realise not everything revolves around the EU barriers to trade have been reduced to more countries than just members of the EU
-
In the financial year 2019/2020, the Department for International Trade (DIT) has removed 175 trade barriers to trade across 61 countries worldwide, opening new global markets for British exporters.

9. Paul j , Saturday, February 11, 2023, 11:19:

Sparky
You remoaners keep trotting out that 0.8% because you have nothing else!
It's really pathetic that you rejoiners are using an uncontrollable deadly pandemic that affected the UK economy more to bash the UK.
I would say shame on you but I doubt you have any.

10. Stigtoes , Saturday, February 11, 2023, 14:18:

You can't keep these Black Knight statements up forever. You can't blame the pandemic and the war for everything, forever more. The only reason that there are spectacular % increases for the odd month is because the economy has sunk so low. If the OBR deficit calculation of -4% because of Brexit was so wrong, get rid of them and save some more money.

19 comments, page 1 of 2

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