PMI is a relative measurement. You can’t use it to do absolute comparisons.
It’s the same nonsense as Sunak saying we can take the foot of the peddle of NetZero because we have improved a load. We are not doing better than the others, we just improved the most, because we started so badly.
PMI is a comparison to YOUR previous month.. When your data point is your own economy then that has no relation to anyone else’s. The EU is in contraction because of the massive upheaval that has taken place in recent years. The EU was massively weakened by Brexit, and compounded with a pandemic. This was further exacerbated by the energy supply disruption, which in turn affect mainland EU countries more than the UK.
You are using one short term internal data point to prove an argument for something that happened in 2020 across many countries. It shows nothing but your ignorance on the subject.
Are you really this dense? Plus 50 is expansionary, below contractionary. It’s a prediction of economic activity. Can you seriously not see a reason why this data would be factored into investment decisions?
It is based on the previous month. You can have 20 months at +50 and then contract. You are using a single stat from one month to justify something that happened 3 years ago. Typical Brexiteer gaslighting. Latching onto individual stats and bellowing the “see, see, see!”. It is a fact people are much worse off since Brexit. Trying to say we are doing better than France or Germany is just ludicrous and very weak.
In a tweet following the publication of new gross domestic product (GDP) figures by the Office for National Statistics (ONS), the Conservative Party claimed: “The UK economy recorded the fastest growth in the G7” in 2022.
This claim was also made by chancellor Jeremy Hunt, who tweeted: “The fact the UK was the fastest growing economy in the G7 last year - as well as avoiding recession - shows our economy is more resilient than many feared.”
GDP measures the value of goods and services produced in a country, with GDP growth a key measure of the strength of a country’s economy.
It is true that, when comparing annual GDP in 2022 with 2021, the UK economy grew by 4%—the fastest rate in the G7.
However, as others have pointed out, when making this comparison it’s worth bearing in mind that in 2021 the economy was still impacted by the Covid-19 pandemic so comparisons with this period are not necessarily the most useful way of assessing recent economic growth.
Looking at other periods not impacted by the pandemic, the UK’s growth does not compare as favourably to other G7 countries.
When invoking experts (thought you Brexiteers had enough of experts), you should reference you sources. But that map doesn’t have Britain standing out from Europe. Brexit has damaged the EU and Britain. It hurt us worse, but has hurt them too.
There is no Lexit. It’s part of the ill defined Brexit blob that was all things to all people, but really, was a play for deep deregulation and racism. Though even the racism, was really just part of the play for deregulation.
Your map shows some places are improving. Though I don’t trust unlabeled sources. It is also a relative measurement not absolute. If your country is massively rich but is slightly contracting, you life will probably be better, than in a massively poor country that is strongly improving.
EU countries also struggling doesn’t help us at all. Less demand for our goods. It’s one of lies of Brexit, that economic gravity doesn’t exist. Our neighbors’ fate is always going to be part of our fate.
There is lexit. A third of left wing voters votes for it. Labour are about to get into power.
Only an idiot would expect the Tories to deliver it. It’s a long term process. Undoing the environmental damage that the CAP has wrought will take decades.
The facts are facts, the economic effects are minimal. If you don’t change your opinion based on facts, then you’re left with beliefs. Good luck with that.
You might want Lexit to be a thing, but you, along with many other types of Brexit voter, have been baited and switched. Vote with nutty Tories, get nutty Tories.
Facts are facts. Brexit has hurt us. No serious economist is saying otherwise. Just nutty Tories.
Brexit has been disruptive, nothing like covid or war though.
It’s destroyed cruel live export businesses. It’s destroyed farmers’ business models of having to do stupid farming otherwise they lose 65% of their income.
I don’t give a shit about the tiny minority of companies that export to the EU.
I care about the impact of agriculture and the marine environment. The common policies are a fucking disaster. Incapable of being reformed.
The UK agriculture policy is already better, and that’s a weak Tory effort. I believe that Labour will implement it more effectively over the next decade.
Here are the economic facts, the UK has recovered faster than Germany or France since covid and brexit. The brexit effect is fuck all. Since the ONS revised the data, that narrative of the worst G7 performer is dead. If you actually understood the economics, you wouldn’t be spouting this bullshit
Do you know any farmers? Brexit has not been good to them and they are watching the deregulations of imports with great fear. They can not compete with the lower standards and much larger scale farming of outside Europe.
If you claim to care about animal welfare, you should be supporting British livestock farming, because in most places, animal welfare is much worse. Meat demand is not going away so you want to serve that demand with high standards.
The deregulation following Brexit has meant we are using pesticides now band in the EU. Just yesterday I was talking to someone who told me in their village, many of the bee hives died straight after a near by farm sprayed their fields. Our environmental records has got worse since Brexit. Sure Labour might up the standards, but when the Conservatives are back in, they will cut them again.
It is now not only harder and more expensive to export to the EU, but also import. And that’s before we acturally implement checks outside.
Please reference your sources when you link in graphs are claim to be referencing experts. Soures matter, for example, if it’s the Daily Mail, it’s almost certainly unreliable. If it’s The Guardian or Independent, it’s probably well researched.
No serious economist think Brexit has gone well. It has been worse for the UK than Covid and Russia’s war. I don’t where you are getting your economics.
I follow economics a bit as a long time listener of Tim Harper, Planet Money and Freakonimics. Read a few books on it. I’m not a expert, but I’m not the average either.
PMI is a relative measurement. You can’t use it to do absolute comparisons.
It’s the same nonsense as Sunak saying we can take the foot of the peddle of NetZero because we have improved a load. We are not doing better than the others, we just improved the most, because we started so badly.
https://www.bbc.co.uk/programmes/m001qtb0
Sure, you’re right and the experts are wrong.
PMI is a comparison to YOUR previous month.. When your data point is your own economy then that has no relation to anyone else’s. The EU is in contraction because of the massive upheaval that has taken place in recent years. The EU was massively weakened by Brexit, and compounded with a pandemic. This was further exacerbated by the energy supply disruption, which in turn affect mainland EU countries more than the UK.
You are using one short term internal data point to prove an argument for something that happened in 2020 across many countries. It shows nothing but your ignorance on the subject.
Are you really this dense? Plus 50 is expansionary, below contractionary. It’s a prediction of economic activity. Can you seriously not see a reason why this data would be factored into investment decisions?
It is based on the previous month. You can have 20 months at +50 and then contract. You are using a single stat from one month to justify something that happened 3 years ago. Typical Brexiteer gaslighting. Latching onto individual stats and bellowing the “see, see, see!”. It is a fact people are much worse off since Brexit. Trying to say we are doing better than France or Germany is just ludicrous and very weak.
No shit, it’s called a trend. I think you’re just being obtuse or a troll
Whatever. How about looking at all the stories of when the UK was assumed to be the worst performer in the G7.
Now it isn’t, so all that was wrong.
I don’t expect you to get this, and I’m bored
Cya
You don’t get a trend based on data point over 30 days to justify a 3 year period.
As for GDP which is an accepted way to give an indication on the economy.
UK was second among the large euro countries for GDP per capita pre brexit and still is
And again typical Brexiteer cherry picking. I am bored with you and your gibberish. I doubt anyone is still reading your BS. BB
When invoking experts (thought you Brexiteers had enough of experts), you should reference you sources. But that map doesn’t have Britain standing out from Europe. Brexit has damaged the EU and Britain. It hurt us worse, but has hurt them too.
Lexiter.
If everywhere is fucked, nowhere is fucked
Capiche?
It’s just the degree of fuckedness. UK is not performing badly compared to its peers, ergo brexit is not affecting the UK on a macro scale.
There is no Lexit. It’s part of the ill defined Brexit blob that was all things to all people, but really, was a play for deep deregulation and racism. Though even the racism, was really just part of the play for deregulation.
Your map shows some places are improving. Though I don’t trust unlabeled sources. It is also a relative measurement not absolute. If your country is massively rich but is slightly contracting, you life will probably be better, than in a massively poor country that is strongly improving.
EU countries also struggling doesn’t help us at all. Less demand for our goods. It’s one of lies of Brexit, that economic gravity doesn’t exist. Our neighbors’ fate is always going to be part of our fate.
There is lexit. A third of left wing voters votes for it. Labour are about to get into power.
Only an idiot would expect the Tories to deliver it. It’s a long term process. Undoing the environmental damage that the CAP has wrought will take decades.
The facts are facts, the economic effects are minimal. If you don’t change your opinion based on facts, then you’re left with beliefs. Good luck with that.
You might want Lexit to be a thing, but you, along with many other types of Brexit voter, have been baited and switched. Vote with nutty Tories, get nutty Tories.
Facts are facts. Brexit has hurt us. No serious economist is saying otherwise. Just nutty Tories.
Brexit has been disruptive, nothing like covid or war though.
It’s destroyed cruel live export businesses. It’s destroyed farmers’ business models of having to do stupid farming otherwise they lose 65% of their income.
I don’t give a shit about the tiny minority of companies that export to the EU.
I care about the impact of agriculture and the marine environment. The common policies are a fucking disaster. Incapable of being reformed.
The UK agriculture policy is already better, and that’s a weak Tory effort. I believe that Labour will implement it more effectively over the next decade.
Here are the economic facts, the UK has recovered faster than Germany or France since covid and brexit. The brexit effect is fuck all. Since the ONS revised the data, that narrative of the worst G7 performer is dead. If you actually understood the economics, you wouldn’t be spouting this bullshit
Do you know any farmers? Brexit has not been good to them and they are watching the deregulations of imports with great fear. They can not compete with the lower standards and much larger scale farming of outside Europe.
If you claim to care about animal welfare, you should be supporting British livestock farming, because in most places, animal welfare is much worse. Meat demand is not going away so you want to serve that demand with high standards.
The deregulation following Brexit has meant we are using pesticides now band in the EU. Just yesterday I was talking to someone who told me in their village, many of the bee hives died straight after a near by farm sprayed their fields. Our environmental records has got worse since Brexit. Sure Labour might up the standards, but when the Conservatives are back in, they will cut them again.
It is now not only harder and more expensive to export to the EU, but also import. And that’s before we acturally implement checks outside.
Please reference your sources when you link in graphs are claim to be referencing experts. Soures matter, for example, if it’s the Daily Mail, it’s almost certainly unreliable. If it’s The Guardian or Independent, it’s probably well researched.
No serious economist think Brexit has gone well. It has been worse for the UK than Covid and Russia’s war. I don’t where you are getting your economics.
I follow economics a bit as a long time listener of Tim Harper, Planet Money and Freakonimics. Read a few books on it. I’m not a expert, but I’m not the average either.