A Brexit valentine - more good news to celebrate

Wages up again, employment up again – Brexit carries on working
Things may not be perfect but they’re better than in the EU

Montage © Facts4EU.Org 2024

The Facts4EU think-tank looks at the latest official figures published yesterday

Wages, excluding bonuses, grew by 6.2% in the last three months of 2023 compared with the same period a year before, according to the Office for National Statistics (ONS). This was above analysts’ expectations and also showed a real increase after factoring in inflation.

The unemployment rate across the UK fell to 3.8% in the final three months of 2023, down from 3.9% in the three months to November. This is the lowest level seen since the Nov 2022 - Jan 2023 period. It compares very favourably with a much higher rate in the Eurozone, as we show below.

Brexit Facts4EU.Org Summary

Basic economic data for Q4 2023, published by the ONS on 13 Feb 2024

Wages up by 6.2%
Unemployment down to 3.8%
Payrolled employees rose by 413,000 in January, year-on-year
Estimates for Jan 2024 show median monthly pay increased by 6.4% compared with Jan 2023

[Source : Office for National Statistics, Tues 13 Feb 2024.]

Meanwhile in Frau von der Leyen's 'garten', things are less rosy

When assessing the official figures for the United Kingdom, it must always be remembered that the government, Bank of England, HM Treasury, and all economic institutions both domestic and international, threatened the British public with an economic Armageddon if they voted to leave the European Union.

Not only has this failed to materialise, but the exact opposite has happened. The contrast with the poor performance of the Eurozone makes this abundantly clear.

The Rt Hon Sir John Redwood MP told us

"Another great piece. The UK has generated so many new jobs since leaving the EU. The UK continues to enjoy much lower unemployment than the EU.
"Good to see real wages rising. Outside the EU the UK can go for a higher pay higher productivity economy without EU austerity policy and excessive bureaucracy getting in the way."
- The Rt Hon Sir John Redwood, MP for Wokingham and former Secretary of State, commenting to Facts4EU.Org and CIBUK.Org, Wed 14 Feb 2024

What was the best that the EU’s official statistics agency could come up with yesterday?

“30,000 persons employed in radio broadcasting in 2022”. We kid you not. This came on the back of Eurostat’s report on Friday about pizza prices.

Brexit Facts4EU.Org Summary

The EU by comparison with Brexit Britain

EU unemployment : 5.9%
UK unemployment : 3.8%

Since the EU Referendum, UK payrolled employment has increased by an astonishing 2,435,030.

[Sources : Official data from Eurostat and the ONS.]

EU growth : 0.0% (And in its largest economy, Germany, it’s -0.3%)
UK growth : +0.3%

Observations

After all this time, Rejoiners should accept they've lost the argument

We are frequently attacked by Rejoiners for reports like the one above. “We’ve left,” they say, “so why keep going on about it?” The answer is very simple.

Do any readers seriously imagine that if the economic data had been the other way around, and if the UK was failing while the Eurozone was storming ahead, that Rejoiners and their media colleagues would not be ramming this down our throats on a daily basis?

The economic facts are not in question. What is questionable is why the likes of former Chancellor George Osborne, former Governor of the Bank of England Mark Carney, former Prime Minister (and now Foreign Secretary) Lord David Cameron, as well as all the world’s financial institutions, have never once apologised for misleading the British public so egregiously.

The second reason we publish information like this is because of the insidious ways that many in the Establishment seem determined to drag us back into the EU by stealth. If anyone doubts this, we shall be publishing a perfect example in our next report.

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.

Facts4EU.Org needs you today

We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? It's quick and easy, we give you a choice of two highly secure payment providers, and we do NOT ask you for further support if you pay once. We just hope you keep supporting us. Your membership stays anonymous unless you tell us otherwise.

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[ Sources: ONS | EU Commission (Eurostat) ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Wed 14 Feb 2024

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Reader Comments 7

1. Sparky , Wednesday, February 14, 2024, 09:01:

Taking the standard Brexitear line, "Brexit is not as bad as so and so predicted so must be good". On the whole a bit of a nonstory.
.
On the whole good news but the UK has had lower unemployment than the EU average for years. Employment levels in the UK are 75% but this is below where it was a year ago, the lowest levels of employment in the EU are in Greece and Italy at just over 60%.
.
Wages are increasing at above inflation, which remains stubbornly high at 4%, but this time through most of 2022 inflation was close to double wage growth so current levels are catch up.

2. Sparky , Wednesday, February 14, 2024, 09:44:

V Funny piece in the Guardian this morning. Kids playing football are doing the Brexit Tackle. It means taking out the player without getting the ball.

3. NH , Wednesday, February 14, 2024, 10:32:

2. Sparky, "Brexit Tackle"
So 10 year olds don't like Brexit. Does it sound like they are receiving an unbiased balanced education or are you claiming they have full experience and knowledge of the European Union and they have made up their own minds ?

4. Gazzablack , Wednesday, February 14, 2024, 11:55:

1, sparkless
.
The latest inflation figure is better than expected.
The government had expected it to rise thanks to the lifted energy price cap, and rising alcohol prices, which didn't materialise.
.
Inflation is expected to drop more significantly this month.
.
The employment rate in Germany for 2024 is 61.38%
For France it's between 64% and 68%
For Poland it's 54.5%

5. Sparky , Wednesday, February 14, 2024, 13:07:

3 NH. I wonder what the kids call it if they get sent off the pitch, could be a Windsor Framework!

6. Have You Wondered , Wednesday, February 14, 2024, 15:00:

.
2. Sparky
.
EU Nations incapable of kicking a ball and ruling themselves without the Mother EU?
.
This one is a long way from trading apples and pears for peace?
.
politico. eu article france kill football super league european union uefa champions league
"France shoots to kill the football Super League, once and for all. Emmanuel Macron’s government pushes the EU to regulate the controversial competition out of existence."
.

7. jon iivesey , Thursday, February 15, 2024, 02:25:

1. Sparky , "On the whole good news but the UK has had lower unemployment than the EU average for years. Employment levels in the UK are 75% but this is below where it was a year ago, the lowest levels of employment in the EU are in Greece and Italy at just over 60%."
Yet Sparky claims that if we were in the EU, GDP would be 5% higher. That's 5% of GDP, but exports are just over 25% of GDP, so a 5% increase in GDP. would imply a 20% increase in net exports. Now with such low levels of employment in the EU and high unemployment, who is it in the EU who is going to buy an extra 20% of UK exports?

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A Brexit valentine - more good news to celebrate

Wages up again, employment up again – Brexit carries on workingThings may not be perfect but they’re better than in the EU

The Facts4EU think-tank looks at the latest official figures published yesterday

Brexit Facts4EU.Org Summary

Meanwhile in Frau von der Leyen's 'garten', things are less rosy

What was the best that the EU’s official statistics agency could come up with yesterday?

Brexit Facts4EU.Org Summary

Observations

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Reader Comments 7

1. Sparky , Wednesday, February 14, 2024, 09:01:

2. Sparky , Wednesday, February 14, 2024, 09:44:

3. NH , Wednesday, February 14, 2024, 10:32:

4. Gazzablack , Wednesday, February 14, 2024, 11:55:

5. Sparky , Wednesday, February 14, 2024, 13:07:

6. Have You Wondered , Wednesday, February 14, 2024, 15:00:

7. jon iivesey , Thursday, February 15, 2024, 02:25:

Wages up again, employment up again – Brexit carries on working
Things may not be perfect but they’re better than in the EU