UK Economy Growing Faster Than Experts Expected. Again.

ONS numbers just out show that the UK economy again grew faster than expected in the final quarter of 2016 with a rate of 0.6%. This is ahead of “expert” predictions of a 0.5% in a survey of City economists. UK GDP grew 2.4% on annualised basis. In comparison US is coming in at 2.2%.

The above graph also shows growth ahead of Reuters survey of economists prediction every month last quarter – the experts were too pessimistic about the post-referendum prospects. This is Britain’s sixteenth straight quarter of economic growth. Brexit Britain’s boom continues…


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Quote of the Day

John Bercow finally makes his view on Brexit known.

“Brexit is the biggest mistake of this country after the war. I respect PM Johnson but Brexit doesn’t help us. It’s better to be part of the [EU] power bloc.”

What a surprise…

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