Fastest Growing G7 Economy For Last Year.......

[ToraToraTora]

https://news.sky.com/story/economic-growth-for-2021-strongest-for-decades-despite-december-omicron-hit-12538141
...and projected to continue in that vein for this year, good news to all except the 5Cers of course.

[douglas9401]

Oh goody, you've found some numbers and experts you agree with.

[ToraToraTora]

the stats are quite clear doug, sky news ain't micky mouse is it.

[douglas9401]

Not when they meet with your approval anyway. :-)

[ToraToraTora]

is it not good news that our economy is surging?

[Gromit]

2020 saw the biggest slump for 99 years, so of course it was going to bounce back in 2021.

2021 started well but if you look at growth over the last quarter of data (Q2 to Q3 2021), the UK places fifth in Europe.

[Gromit]

From your own link

// Data from the Office for National Statistics (ONS) showed the pace of growth between October and December - the fourth quarter - was largely static on the previous three months at 1%. //

Hardly surging.

[Gromit]

// Over the course of the pandemic so far (between the fourth quarter of 2019 and the third quarter of 2021), the UK’s economy has experienced the second worst growth among the G7, contracting by 1.5%. //

[Gromit]

// ...and projected to continue in that vein for this year //

Sorry my old china, the BOE have revised their forecasts.

// The Bank of England has slashed its forecasts for growth this year in a major blow to Boris Johnson’s plans for economic recovery from the pandemic.
GDP is set to rise by just 3.75% this year, a huge downgrade from the 5% previously expected as recently as November, according to the Bank’s Monetary Policy Committee (MPC). The MPC’s growth estimate for 2021 and forecast for 2023 have both been upgraded by 0.25%, meaning a net loss of only 0.75% of growth across the three years. //

https://www.standard.co.uk/business/bank-of-england-uk-growth-forecast-inflation-boris-johnson-gdp-b980506.html

[ToraToraTora]

I knew our resident Commander in Chief of the 5C would chime in with isolated cherry picked stats, gromit we are talking about the last year and the this year we are in.

[Gromit]

TTT,

It is you who have cherry picked.

Over the Pandemic there has been no growth 0%
Over the last year 7%
Over the last 3 months 1%.

[Gromit]

Correction
* Over the Pandemic Growth was minus 1.5%

[ToraToraTora]

Gromit: "It is you who have cherry picked. " - Cobras, I was reporting on the last year and the coming year. Sky was reporting it with the Chancellor in tow.

[ToraToraTora]

"Over the Pandemic Growth was minus 1.5% " - err of course it was it was a pandemic! derr!

[youngmafbog]

Yes heading in the right direction at the moment.
Problem is if Johnson doesn't drop the green rubbish we will soon loose that.

Need to get the oil and gas going together with fracking to get a great self reliant in fuel economy.

[Khandro]

ymb: //if Johnson doesn't drop the green rubbish we will soon loose that.//

Quite true, I believe the new buzz phrase running around Whitehall is, "Vote Tory, get Green"

[Stickybottle]

One of the comments in the link rather sums it up :

Great news about the GDP figures! Who knew that when something falls the furthest, it bounces higher!

Doesn't explain though, why we've:-

Highest Tax Burden in 70 Years
Highest Inflation for 30 Years
Soaring Energy Costs
Soaring Fuel Prices
FTAs that favour the other country
Mishandling Covid Response
Rising Food Prices
Highest Food Bank Usuage
Biggest fall in living standards in a generation

Just to give it some balance ! Lol

[dannyk13]

Gromit//and projected to continue in that vein for this year//
2pm news today Rishi Sunak said exactly these words.

[New Judge]

//Highest Food Bank Usuage//

Food Bank patronage will always increase so long as there are food banks. So would the use of petrol stations that gave away free fuel.

The next thing that will increase will be the number of people in so-called poverty. This is calculated as a relationship to average earnings which have increased considerably in the last year.

[ToraToraTora]

SB 14:29, it's almost as if there has been a pandemic or something! Good ole 5C!

[ToraToraTora]

food bank usage...have you noticed they all smoke, have tough stickers and the latest iPhone?