Friday, 9 November 2018

UK economy grows at fastest rate since late 2016 per BBC News

The BBC report on the positive news about the UK's economy with as many provisos as possible (my emboldening):

'The UK economy grew by 0.6% in the three months to September, with warm weather boosting consumer spending, the Office for National Statistics said.

The figure for the third quarter is in line with predictions from the Bank of England and other forecasters.

However, buoyant growth in July was offset by a slowdown in August and September.

It is the highest quarterly growth figure since the fourth quarter of 2016, when the economy grew 0.7%.

Analysts warned the economy had "little underlying momentum" and growth would decline in the final three months.

The ONS also issued a separate monthly figure for September, which, like the previous month, showed zero growth.'

Oddly the BBC don't find any space in their report comparing the UK's economic growth with that of the rest of the EU. 

If you do the comparison then you'll discover that whilst the UK's GDP growth figures for Q3 show a near two year high of 0.6%, the stagnating Eurozone in Q3 posted growth of only 0.2%. Which means that Brexit Britain grew three times as fast as the rest of the EU. 

I think it's pretty clear why the remoaners at the BBC wouldn't want to compare Brexit Britain with the EU. It also shows that the remoaners refrain that Britain has slumped to the bottom of the growth league is starting to look rather silly…

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