The Perils Of Privatisation - Part X
News1 min ago
Uk Out Performs Eu.
https:/
\\Following the news, Mr Neil tweeted: “You will have read many times on Twitter that the UK economy has been the worst performing among the G7’s most prosperous nations since the pandemic.
“Said without caveat and often gleefully by a Twitter mob that revels in doing the country down.
“Well, now that the official stats have been revised independently, an up-to-date G7 league table shows this: the UK lagged behind only the fast-growing North American economies of the USA and Canada.//
\\Following the news, Mr Neil tweeted: “You will have read many times on Twitter that the UK economy has been the worst performing among the G7’s most prosperous nations since the pandemic.
“Said without caveat and often gleefully by a Twitter mob that revels in doing the country down.
“Well, now that the official stats have been revised independently, an up-to-date G7 league table shows this: the UK lagged behind only the fast-growing North American economies of the USA and Canada.//
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curious, the league table I'm looking at says Britain is behind Italy and Japan. Still, I suppose the Express knows more about these things than the FT, and Italy isn't "prosperous" enough to count.
So now "GDP is estimated to have slumped by 10.4 per cent in 2020 rather than 11 per cent". Tremendous performance, bonuses all round.
So now "GDP is estimated to have slumped by 10.4 per cent in 2020 rather than 11 per cent". Tremendous performance, bonuses all round.
The current issue of Private Eye helpfully points out that this change in UK growth statistics was as a result of using new methodology that spots bits of hitherto hidden growth – which other countries are yet to use.
As the Office for National Statistics caveated its announcement ‘Our international comparison position is likely to change once other countries full confront their datasets overtime.’
So even this tiny bit of good news for the UK, crowed over by Brexiteers, is likely to turn out to be nonsense.
As the Office for National Statistics caveated its announcement ‘Our international comparison position is likely to change once other countries full confront their datasets overtime.’
So even this tiny bit of good news for the UK, crowed over by Brexiteers, is likely to turn out to be nonsense.
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