Oh no! Brexit Britain’s economy grows again. What will Remainer-Rejoiners say?

Latest news - GDP: Up. Real incomes : UP. Production: UP.

Montage © Facts4EU.Org 2023

Latest official data shows UK is still doing better than EU’s top economy, “despite Brexit”
Facts4EU.Org summarises the data from the Office for National Statistics yesterday

In what must be yet another devastating blow for Remainer-Rejoiners, it was revealed yesterday by the Office for National Statistics that not only did the UK’s economy grow again in the second quarter of this year, it also grew by more than originally estimated in the first quarter too.

In 2021 and 2022 Brexit Britain was the fastest-growing economy in the G7, outperforming the world’s biggest, including the EU’s Germany, France and Italy. Yesterday we learnt that the UK’s economy continues to grow and that this year it has done so at a faster rate than first thought.

Brexit Facts4EU.Org Summary

UK economic growth 2023

Q1 2023 : +0.3% (revised upwards from 0.1%)
Q2 2023 : +0.2%

[Source: Latest ONS official data, released Fri 29 Sept 2023.]

GDP is now 1.8% above pre-pandemic levels

Below we show the UK's performance last year, compared to the other G7 economies

Production up, savings up, real disposable income up

In output terms, growth in the latest quarter was driven by a 1.2% increase in the production sector, where there were increases in nine out of the 13 sub-sectors. This reflects falling input prices for manufacturers across the quarter.

The household saving ratio grew by 9.1% in the latest quarter, up from 7.9% in Quarter 1 2023, with income growing more than expenditure.

Furthermore, real households' disposable income (RHDI) grew by 1.2% in Quarter 2 (Apr to June) 2023.

Brexit Britain has continued to defy the doom-mongers – when will the Remainers apologise?

As always, we must remind readers of the apocalyptic threats from the Government and the entire national and international Establishments, prior to the EU Referendum.

Here is a short extract from our interview with Ann Widdecombe, one of many individuals who took part in our ‘Independence Documentary’ which will have its worldwide Première in Manchester on Monday.

“Osborne and and Cameron – now this is the Prime Minister and the Chancellor of the Exchequer, it's not Joe Blogs – actually told the country that if they voted Brexit, not if they had Brexit, they just voted Brexit, we were going to have an emergency budget, unemployment was going to go through the roof, the economy was going to crash. If they dared to vote for Brexit.
“Well, none of these things actually happened.”
Ann Widdecombe, former MP, speaking exclusively to Facts4EU.Org and CIBUK.
(There are still a few tickets left if you would like to attend the Première and meet some of the key figures in the Brexit battle.)

Maybe Messrs Cameron and Osborne would like more good Brexit news?

UK GDP is now estimated to have increased by 4.3% in 2022, revised upwards from a first estimate of 4.1%. Annual GDP growth in 2021 is revised up 1.1% to an 8.7% increase.

This means that GDP is now estimated to be 1.8% above pre-COVID pandemic levels in real terms in Quarter 2 (Apr to June) 2023. Nominal GDP (at current prices) is estimated to have increased by 2.5% in Q2 2023, revised up from a previous estimate of 2.3%.

Real GDP (after accounting for inflation) has also risen – by 0.3% in Q1 and by 0.2% in Q2. Real GDP has increased by a revised 7.9% in Quarter 2 (Apr to June) 2023 compared with the same quarter a year ago.

Observations

Not MORE Brexit good news, surely?

After more than seven years it starts to get a little wearying to ask when David Cameron, George Osborne, the Treasury, the Bank of England, the BBC, The FT, The Guardian, and almost every international financial institution will apologise for forecasting an apocalypse for the UK if the British public voted to leave the European Union.

Not only was there no “cliff edge”, but Brexit Britain has done rather well by international comparisons. Certainly it is doing better than the EU’s No.1 economy, Germany, and for the last two years running the UK has beaten all other G7 countries.

We invite readers to imagine what the BBC would be saying now, if the UK’s economy had fallen rather than risen….

We must get reports like this out there

Reports like the one above take far longer to research, write and produce than many people realise. If they were easy, readers would see other organisations also producing these daily. However, there’s little point in the Facts4EU.Org team working long hours, seven days-a-week, if we lack the resources to promote them effectively – to the public, to MPs, and to the media. This is where you come in, dear reader.

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[ Sources: Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sat 30 Sept 2023

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Reader Comments 7

1. LuxuryBalloon , Saturday, September 30, 2023, 08:56:

With our economy in full swing we should reduce benefits like the state pension.

2. RW52 , Saturday, September 30, 2023, 09:27:

#luxury balloon...I bet you change your mind when you are eligible for it ??

3. terence patrick hewett , Saturday, September 30, 2023, 11:11:

What we need is a govt with independence of mind, loyalty, courage and uncommon sense: the two main contenders, lack all of these qualities. Until we get a proper govt who work for the interests of the UK and not for the interests of foreigners, little of worth will be achieved. And only the voters can do that.

4. jon iivesey , Saturday, September 30, 2023, 17:19:

Good news. What we need now is Government investment in transport, energy, high tech, computing for AI, education and R&D, plus business incentives to attract private investment in industry to take advantage of the improved infrastructure this will bring.

5. glen cullen , Sunday, October 01, 2023, 14:37:

But will those benefits result in tax reduction?

6. Adam Hiley , Wednesday, October 04, 2023, 14:53:

Vote for the Social Democratic Party if we want change the 3 useless parties have long expired no longer believe in this Country do not think this Country will survive unless we follow dictats from Brussels Washington or the other pointless organisation know as the UN

7. Adam Hiley , Wednesday, October 04, 2023, 14:57:

UK Government should have no involvement in infrastructure projects hs2 and the NHS are prime example of how inept Governments are when left in charge of anything the Government blundered over the construction of the two Aircraft Carriers for the Royal Navy and the Ajax Tank built for the army

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