UK Economy £26 Billion Bigger than Previously Calculated

New ONS methodology revealed today has shown the UK economy is actually £26 billion larger than economists previously thought, having revised up 2016 GDP growth by 1.3%. Surely the biggest #DespiteBrexit story of them all.

The new methodology focuses on costs faced by businesses, it also changes the way assets such as buildings and machinery are measured, giving “significantly improved estimates of how money moves around the UK economy”. There’s also good news for Gordon Brown’s legacy, as the new figures show the recession tanked the economy by a mere 6%, not the 6.3% previously thought…

mdi-timer 20th August 2019 @ 1:00 pm 20th Aug 2019 @ 1:00 pm mdi-comment Comments
More International Students Coming To Study In Global Britain

As students received their A Level results this morning, Universities Minister Jo Johnson announced that this year more international students are coming to study at UK universities. Despite that nasty Brexit…

mdi-timer 15th August 2019 @ 9:53 am 15th Aug 2019 @ 9:53 am mdi-comment Comments
Derby Trainmaker Wins £2.3 Billion Cairo Monorail Contract

Fears over the damaged Whaley Bridge dam this week haven’t left the people of Derbyshire with much to cheer, particularly during unwanted visits from the Labour leader. At least they’ve now got some positive economic news that Derby-based train manufacturer Bombardier have won a £2.34 billion contract to make trains for the Cairo monorail, beating off Pharoah-cious competition from Chinese and Malaysian firms. Remainers still in de-Nile while Bombardier’s own Project Fear warnings get confined to the tomb of history…

It comes less than a week after Hitachi Rail announced a £400m investment in their County Durham plant. The good news just keeps Tutan-khamin’…

mdi-timer 7th August 2019 @ 12:00 pm 7th Aug 2019 @ 12:00 pm mdi-comment Comments
UK Set for Record August Flight Departures Despite Brexit

Despite the incessant doom and gloom from Remainers about Boris and the low pound – now it suits their agenda, at least – the UK’s aviation market is still set to soar to new heights this August. Departing seats from UK airports are set to rise to their highest level of 17.3 million in August this year, up from 17 million last year. The low pound is catching commentators at the gate, holidaymakers are just getting on board and taking off…

Capacity is taking off at airports across the UK, with all but three airports soaring. The only airports braced for a fall were Stansted, Glasgow, and Belfast due to their heavy reliance on Remainiac-led Ryanair. If only Michael O’Leary spent less time moaning about Brexit and more time sorting out his business…

mdi-timer 31st July 2019 @ 3:35 pm 31st Jul 2019 @ 3:35 pm mdi-comment Comments
UK Fintech Growth Hits Record High Despite Brexit

UK fintech growth is at record levels this year: UK fintech startups have already managed to secure £2.34 billion of investment in the first six months of 2019 – despite the expectation that Brexit would happen in March. The sector is well on course to smash last year’s record of £2.66 billion.

It comes just after yesterday’s ONS figures showed wages rising at 3.6%, the fastest rate since 2008, while unemployment is at a 45-year low and inflation is steady at its target of 2%. Still waiting for Osborne’s “immediate and profound” economic shock…

mdi-timer 17th July 2019 @ 10:49 am 17th Jul 2019 @ 10:49 am mdi-comment Comments
Aston Martin Boss: I’d Rather No Deal Than Drag Negotiations On

Remainers were busy laying into a recent article on CapX after it suggested that many businesses would actually “prefer the certainty of some short-term disruption for which both sides are now much better prepared, than continued dithering with no idea what will happen next.” No real-world boss could possibly be stupid enough to want that, obviously…

Except, err, the CEO of Aston Martin who just yesterday said exactly that:

“I’d rather leave with No Deal than drag negotiations on… Every time we have to prepare to leave it ties up working capital and brains on something that may or may not happen…

“First and foremost I think we now need certainty. I think business was pretty clear that it would prefer a deal with free trade with Europe, and it is true we are looking at a cliff-edge without one, but at this stage a decision is better than no decision.

“It’s not great, but we have modelled No Deal and run the scenarios. What we find harder to work with is goalposts that keep moving every six months. We need an outcome, and the truth is that we have debated our negotiating tactics in public, while the EU27 have worked with consensus and executed their negotiations brilliantly. Our Brexit strategy has been laughable.”

Just last month Aston Martin opened a brand new plant in South Wales which will eventually create over 3,000 jobs in local businesses and the supply chain. They’re also on the verge of securing a fresh £68 million in investment. Despite Brexit…

mdi-timer 11th July 2019 @ 2:23 pm 11th Jul 2019 @ 2:23 pm mdi-comment Comments
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