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UK economy only G7 nation to shrink in 2023 - IMF


Scott

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1 hour ago, transam said:

 

40 years of EU pandering, controlling, telling us what to do is now over.

Between 1997 - 2016, the UK supported 97% of the legislation originating from Brussels, so hardly "... telling us what to do ...".

 

(Link posted numerous times in the past. You'll find it on the fullfacts site somewhere)

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1 minute ago, RayC said:

Between 1997 - 2016, the UK supported 97% of the legislation originating from Brussels, so hardly "... telling us what to do ...".

 

(Link posted numerous times in the past. You'll find it on the fullfacts site somewhere)

And why shouldn't they, but being told what to do in a vote by the EU that the UK doesn't want is now dealt with, we govern ourselves.

Norway, Switzerland want sod all to do with being a member, they are not interested in sponging the EU coffers as many in the club are..... 

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4 hours ago, n00dle said:

when you say "folk like you" do you mean current generations left to deal with policy choices voted in by bigoted geriatrics  who will not live long enough to pay for their choices?

 

But wait, they are paying now, aren't they? 

They will be grateful when the sunny uplands arrive 

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7 minutes ago, youreavinalaff said:

Figures released today show GDP in UK grew by 4% in 2022.

 

The highest among all G7 nations.

Post pandemic bounce according to this website:

 

The UK’s economy flatlined in the last three months of 2022, helping it to avoid a recession by the thinnest of margins, new data show.

 

The Office for National Statistics recorded 0.0% growth in gross domestic product (GDP) in the fourth quarter.

 

“The economy contracted sharply in December meaning, overall, there was no growth in the economy over the last three months of 2022,” said ONS director of economic statistics Darren Morgan.

 

https://www.aol.com/uk-narrowly-avoided-recession-flat-071857688.html

 

 

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3 hours ago, youreavinalaff said:

Figures released today show GDP in UK grew by 4% in 2022.

 

The highest among all G7 nations.

Yet UK is the only G7 country which has not caught-up to pre-pandemic GDP level, and is not expected to reach this level before 2026.

Bank of England takes pessimistic view of Britain’s prospects

https://www.ft.com/content/d411a8eb-5fa4-4ae5-86aa-c856c57c6769

Screenshot_20230210-130558.png

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3 hours ago, candide said:

Yet UK is the only G7 country which has not caught-up to pre-pandemic GDP level, and is not expected to reach this level before 2026.

Bank of England takes pessimistic view of Britain’s prospects

https://www.ft.com/content/d411a8eb-5fa4-4ae5-86aa-c856c57c6769

Screenshot_20230210-130558.png

The UK GDP is only 0.8% below pre pandemic levels. It's not going to take 3 years to get there.

 

Ignore the BoE. They said UK would hit recession in 2022.

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9 hours ago, kwilco said:

Well, to be fair, at the end of the article it notes that an Australian battery manufacturer, Recharge, has put in a preliminary bid for the company.

The Australian battery company Recharge Industries has already made a preliminary bid, as it seeks to capitalise on closer ties between Australia and the UK.

From the article linked to:

"Recharge Industries founder David Collard said “a potential Anglo-Australian deal for Britishvolt” would be preferable to a takeover by a company from China, which “dominates global supply”, reported The Times."

 

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3 hours ago, placeholder said:

Well, to be fair, at the end of the article it notes that an Australian battery manufacturer, Recharge, has put in a preliminary bid for the company.

The Australian battery company Recharge Industries has already made a preliminary bid, as it seeks to capitalise on closer ties between Australia and the UK.

From the article linked to:

"Recharge Industries founder David Collard said “a potential Anglo-Australian deal for Britishvolt” would be preferable to a takeover by a company from China, which “dominates global supply”, reported The Times."

 

It real,you doesn't matter that an Oz company sees a cheap deal..... at the end of the day what are they going to do with a battery company that can't sell to the EU...,,. Ship to the Australian market? (20 million) as opposed to the EU (450 million)?

The government is desperate to patch up blunder after Brexit blunder....e.g. secret funding for Nissan..... how much will they put up to prop up this blunder?... anything to mask the inevitable results of Brexit.

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