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UK economy falls into bottom of EU growth league

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    UK economy falls into bottom of EU growth league

    UK economy falls into bottom of EU growth league

    The UK economy was the worst performer in the European Union in the opening months of 2017 as the Brexit vote took its toll, according to official statistics that underscore the challenge facing the next British government.

    With economic growth of just 0.2% in the first three months of this year, the UK was well behind its European neighbours. Official EU figures released as Britons went to the polls on Thursday showed the growth for the whole of the EU was 0.6% in the first quarter. The eurozone single currency bloc also grew 0.6% in the opening quarter, buoyed by strong domestic demand.

    The Eurostat figures showed every nation in the 28-member bloc reported first-quarter GDP figures growing faster than the UK. The strongest expansion was in Romania at 1.7%, followed by Latvia at 1.6% and Slovenia at 1.5%. The closest countries to the UK’s weak pace of growth were France and Greece, with GDP growing 0.4% in both.

    https://www.theguardian.com/business...-growth-league

    DOOMED!!

    #2
    1997 - Thiiiiiiiiiings can only get better (Labour party theme song)


    2017 - Thiiiiiiiiiings can only get worser



    (apologies for the mangled English but it's gotta rhyme).
    Hard Brexit now!
    #prayfornodeal

    Comment


      #3
      Originally posted by sasguru View Post
      1997 - Thiiiiiiiiiings can only get better (Labour party theme song)


      2017 - Thiiiiiiiiiings can only get worser



      (apologies for the mangled English but it's gotta rhyme).
      May should be force to reenact this on loop until Brexit actually occurs.

      Comment


        #4
        Originally posted by sasguru View Post


        (apologies for the mangled English).
        No dramas. We are used to it.

        HTH
        “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

        Comment


          #5
          Originally posted by AtW View Post
          UK economy falls into bottom of EU growth league
          Don't worry, we're in the process of removing our slovenly under-performing arses from the league table. You would have thought that with growth figures like that, the EU would be minded to pay us to leave. We're clearly tarnishing their EUtopian project.
          His heart is in the right place - shame we can't say the same about his brain...

          Comment


            #6
            Originally posted by Mordac View Post
            Don't worry, we're in the process of removing our slovenly under-performing arses from the league table. You would have thought that with growth figures like that, the EU would be minded to pay us to leave. We're clearly tarnishing their EUtopian project.
            UK was performing well until recently. Still at least the balance of trade has improved with weak sterling.

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