UK is joint fastest-growing economy in the G7, beating Germany, France, Italy

Oh dear, Brexit Britain’s economy grows again, defying the experts

Montage © Facts4EU.Org 2024

Real GDP growth (after inflation) rose by 0.6% in Q1

Once again we ask: “Where’s the cliff edge we were supposed to fall off if we voted Leave?”

According to the Office for National Statistics yesterday, the UK’s gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024. This is the joint-highest growth in the G7 group of major economies, alongside Canada.

The United Kingdom beat the EU’s three largest economies : Germany, France and Italy. It also beat the EU27 average.

In output terms, services grew by 0.7% on the quarter with widespread growth across the sector; elsewhere the production sector grew by 0.8% while the construction sector fell by 0.9%. In expenditure terms, there were increases in the volume of net trade, household spending and government spending, partially offset by falls in gross capital formation.

Brexit Facts4EU.Org Summary

Real GDP growth Q1 2024 – International comparison

  • United Kingdom : 0.6%
  • Canada : 0.6%
  • United States : 0.4%
  • Italy : 0.3%
  • EU27 average : 0.3%
  • France : 0.2%
  • Germany : 0.2%

[Sources: ONS and OECD, 10 May 2024.]

© Brexit Facts4EU.Org 2024 - click to enlarge

Fastest growth of EU’s major economies

Despite the strong economic headwinds, Brexit Britain put on a very creditable performance in the first three months of this year. In real terms – after accounting for inflation – the UK’s economy grew faster than the EU’s three top economies.

© EU Commission 2024 - click to enlarge

As can be seen above, it also grew twice as fast as the average growth for all EU27 member countries, which was 0.3%.


The headline figures are unequivocal. Brexit Britain – which was supposed to fail if we voted to leave in 2016 – has beaten the EU in the first quarter of this year when it comes to economic growth.

Rejoiners will no doubt pour over all the figures in an attempt to find negatives but the headline numbers are very clear. They may try to cherry-pick and quote details where individual sectors fell in Q1, but the overall picture is clear.

In addition we would point out that in our years of experience, more often than not the ONS later revises GDP growth figures upwards. We would not be the slightest bit surprised if the headline real growth figure were not increased to 0.7%, making the UK the fastest-growing economy in the G7.

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.

Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us? We rely 100% on public contributions from readers like you.

If you believe in a fully-free, independent, and sovereign United Kingdom, please join now by clicking on one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 48 hours. Thank you.

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

Brexit Facts4EU.Org, Sat 11 May 2024

Click here to go to our news headlines

Please scroll down to COMMENT on the above article.
And don't forget actually to post your message after you have previewed it!

Share this article on

Something to say about this? Scroll down for reader comments

Since before the EU Referendum, Brexit Facts4EU.Org
has been the most prolific researcher and publisher of Brexit facts in the world.

Supported by MPs, MEPs, & other groups, our work has impact.

We think facts matter. Please donate today, so that we can continue to ensure a clean Brexit is finally delivered.

Any credit card user

Quick One-off


From £5 - £1,000



From £3 per month

Paypal Users Only - Choose amount first

Quick One-off