Thread: Britain outside the EU
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Old 13-04-2023, 08:50   #5032
1andrew1
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Re: Britain outside the EU
Quote:
Originally Posted by Pierre View Post
Always lovely to see Andrew and Ian [Mod Edit - unnecessary crudity removed - repetition of this language will incur infractions] frothing at the mouth over the potential collapse of the U.K. economy.

Still the IMF are very good aren’t they? So they’re probably right….right?

https://www.ft.com/content/60581224-...f-23cb17fd1498

https://www.reuters.com/breakingview...ed-2022-01-25/

https://www.telegraph.co.uk/business...wrong-economy/

https://twitter.com/samanthataghoy/s...EjG2H-W-Bot21g

https://www.bloomberg.com/graphics/2019-imf-forecasts/

https://www.bruegel.org/comment/imfs-false-confession
Predictions can always be challenged as they've not happened yet.

However, things that have happened like the slump in exports are harder to refute.

Quote:
UK’s goods exports lowest in G7 following Brexit, study finds

Britain’s performance labelled ‘a disaster’ as red tape hits trade with the EU

Quarterly figures published by the Office for National Statistics in March showed that in the last three months of 2022, UK export volumes, excluding precious metals, were more than 9 per cent below the 2019 pre-pandemic average.

Sophie Hale, trade economist at the Resolution Foundation think-tank, described the UK’s performance as “a disaster”. The drop in goods export volumes marked “a quite substantial fall and it really leaves the UK at the bottom of the G7 pack”, she added.

The ONS data shows the UK had the weakest export performance in the G7, and compares with double-digit rises in Italian and Japanese exports, 4 per cent growth for the US and 2 per cent for Germany.
https://www.ft.com/content/fd35fe46-...2-8d33226dca0d
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