The Mudcat Café TM
Thread #162855   Message #3886386
Posted By: Nigel Parsons
02-Nov-17 - 09:56 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
From: Steve Shaw - PM
Date: 01 Nov 17 - 04:27 PM
What's all this "a rebalancing was overdue?" An excuse for the Tories by a Tory.

The Financial Times was saying this in 2014, well before the referendum

As for Keith's clutching at straws re UK growth, here are the facts. [Source, Independent yesterday.]
The eurozone's economy once again grew faster than the UK's in the third quarter of 2017, according to the latest data, confirming the divergence in economic fortunes between Britain and the continent as Brexit approaches in 2019.
Eurostat estimated on Tuesday that the collective GDP of the 19 states of the single currency area grew by 0.6 per cent in the three months to September, faster than the 0.4 per cent growth registered by the UK over the same period.

This follows eurozone GDP growth of 0.7 per cent in the second quarter, when the UK grew by just 0.3 per cent, also the weakest rate in the G7.

Okay, taking those figures as accurate (assuming you're not posting them as either deliberate lies, or 'whimsy')
Rate of Eurozone growth is falling (from 0.7% to 0.6%)
Rate of UK growth is increasing (from 0.3% to 0.4%)
If this were to continue (and I make no claim that it will) which is going to show to be the stronger economy?