British Economy Defies Anti-Brexiteers to Outpace
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Posted On: 02/18/2019 5:23:56 PM
British Economy Defies Anti-Brexiteers to Outpace Europe
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The British economy is matching or outpacing growth in the Eurozone’s leading countries as Brexit approaches, with inflation falling and real wages rising.
New Office for National Statistics (ONS) figures show inflation down to a two-year low of 1.8 percent, and quarterly growth is running at 0.2 percent — outpacing Angela Merkel’s Germany, which is supposed to be the economic powerhouse of Europe, and appearing to give the lie to claims by EU loyalists that Britain has become “the sick man of Europe” since the 2016 vote to Leave the European Union.
Chris Giles, economics editor of the slavishly europhile Financial Times, attempted to put a negative spin on the growth figures in a dispute with the BBC’s increasingly marginalised interrogator-in-chief, Andrew Neil — who tends to buck the common conception of the corporation biased and unbalanced in its Brexit coverage — on social media, but came unstuck when he was forced to admit that the United Kingdom is indeed the fastest-growing G7 member of the EU.
< >
The British economy is matching or outpacing growth in the Eurozone’s leading countries as Brexit approaches, with inflation falling and real wages rising.
New Office for National Statistics (ONS) figures show inflation down to a two-year low of 1.8 percent, and quarterly growth is running at 0.2 percent — outpacing Angela Merkel’s Germany, which is supposed to be the economic powerhouse of Europe, and appearing to give the lie to claims by EU loyalists that Britain has become “the sick man of Europe” since the 2016 vote to Leave the European Union.
Chris Giles, economics editor of the slavishly europhile Financial Times, attempted to put a negative spin on the growth figures in a dispute with the BBC’s increasingly marginalised interrogator-in-chief, Andrew Neil — who tends to buck the common conception of the corporation biased and unbalanced in its Brexit coverage — on social media, but came unstuck when he was forced to admit that the United Kingdom is indeed the fastest-growing G7 member of the EU.
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