UK economy is growing fastest out of top 4 EU economies

Latest EU figures show sluggish 0.2% growth for EU27

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The UK is currently the top-performing economy amongst the major economies of the EU

The latest full set of official EU data shows why the British people were right not to believe in Project Fear.

Yesterday the EU’s official statistics agency released its flash estimates for economic growth across the EU in Q2 2019, showing growth at only 0.2%. They also show the latest full GDP growth figures across all individual countries up to Q1 2019.

The UK tops the charts amongst major EU economies

Brexit Facts4EU.Org has looked at the full set of data for GDP growth across the major economies of the EU for Q1 (the latest available): Germany, the UK, France and Italy.

Brexit Facts4EU.Org Summary

UK tops the list of the top 4 EU economies

The EU’s statistics agency provides three main sets of data :-

  1. Growth over the previous quarter
  2. The quarter’s growth compared to the same quarter last year
  3. The quarter’s growth, annualised

Below we show all three sets of data, because Remainers constantly accuse Leavers of being selective. In each case the UK tops the charts, and this is the latest available information for all countries.

© Brexit Facts4EU.Org - click to enlarge

© Brexit Facts4EU.Org - click to enlarge

© Brexit Facts4EU.Org - click to enlarge

Headline figures for the UK, Q1 2019 :-

  • 0.5% growth over the previous quarter
  • 1.8% growth compared to the same quarter last year
  • 2.0% growth, annualised

Observations

Project Fear debunked yet again

In 2016 the Government-backed Project Fear campaign threatened the British people that if they so much as voted Leave there would be an immediate recession, job losses of between 500,000-820,000, and an emergency punitive budget.

This was not a prediction based on what would happen after the UK had left the EU, these were the immediate consequences with which the Cameron-Osborne government, the Treasury, and the Remain campaign threatened the British public if they voted Leave.

Instead, three years after the Referendum the UK economy currently tops the charts of the four major EU economies. Why would we want to stay in a protectionist racket run by foreign interests, which can barely manage 0.2% growth in its latest forecasts?

This was never about economics

One thing which Remain MPs do not seem to understand is that this was never about the economy anyway.

It was about sovereignty, democracy, and taking back control of our lives. It was a rejection of the idea of being ruled by an all-powerful technocracy in Brussels, totally remote from the interests and wishes of ordinary people across the United Kingdom.

Mr Johnson, let’s get this out there

For three years we have had the doom and gloom of a Remainer-led government headed by Theresa May and her miserable Chancellor Philip Hammond. Thank goodness they have gone.

Now we have an upbeat leader in Mr Johnson. There might be significant challenges ahead of us when we finally leave the EU on 31 October, but a little enthusiasm and positive spirit would certainly not go amiss.

We may have some serious concerns about some of the recent statements by Mr Johnson, but for the moment let’s be cheerful. The economy continues to do well despite the uncertainty created by three years of dithering by the worst Prime Minister in living memory.

On this first day of August we see no reason not to shout the positive news about the UK economy from the rooftops. Just imagine what we can do when freed from the shackles of the EU?

Note: For readers hoping to see an article today on how much UK consumers give to the EU in VAT each year, this has been deferred due to lack of resource. We rely on public donations. If you read our work but haven't yet donated, you can do so quickly and securely using the methods below this article. Thank you!

[ Sources: Eurostat - official EU statistics agency ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, 01 Aug 2019

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