We did indeed leave the EU and as an avid Brexiteer who one night went to bed in the EEC a totaly trading block of countrys, and then the following night went to in the EU a new political organisation that John Major signed us into without even vote by the actual people who it would affect the most I was a bit peeved that we did not have the opportunity to leave before we did.
There is a l quite a bit disinformation about how well or not the UK is doing . Leavers will say one thing and Remainers will say another.
However, I as a Leaver a proud leaver I may add go to official sources for my information I then analise it and write on Medium.
So is Brexit Britain losing out by being out of the EU ?
Well NO, not according to the Pro EU IMF because their forecast for the UK now we have left and for both 2021 and 2022 The Forecast For The UK's Economy Is very good indeed.
What I am about to show are official facts, not the fantasy and fiction on social media.
This year and next, Brexit Britain is set to outperform the EU’s top economies and that of the Eurozone as a whole, according to the International Monetary Fund (IMF) in its latest official forecasts.
Twice each year the IMF publishes its “World Economic Outlook”, showing forecast growth of the World’s economies, amongst other measures.
These are the analysed numbers from the autumn edition and they show readers the positive findings for the United Kingdom.
IMF growth forecasts for the UK vs. the top five EU economies for this year (2021)
United Kingdom: 6.76%
France: 6.29%
Italy: 5.77%
Spain: 5.74%
Netherlands: 3.77%
Germany: 3.05%
EU27 average: 5.10%
Eurozone: 5.04%
Look were Germany is and look where the UK and renember Thi is happening while we are all in a Pandemic that has closed econemys down for long periuds of time.
Now lets look at were the Pro EU IMF put the UK next year 2022.
IMF growth forecasts for the UK vs. the EU27 and the Eurozone in 2022
United Kingdom: 5.01%
EU27: 4.44%
Eurozone: 4.35%
We are punching well over the odds
But didn’t the UK perform very badly last year?
NO.
Certain elements of the media were quick to seize on the UK’s drop in GDP last year as a result of the Covid crisis. What they failed to take into account is the difference in the way the UK records GDP in comparison with EU countries.
A key element in the UK’s drop in GDP last year arose because of the way the UK records the health sector as part of its economy. EU countries measure this by expenditure. If millions of medical personnel in the EU are at home on full salaries, GDP is unaffected because the expenditure remains fairly constant.
In the UK, however, the contribution of the health sector to GDP is broadly measured by output, not expenditure. With so many fewer GP appointments, hospital appointments, and operations, this resulted in a large drop in the health sector’s contribution to the overall GDP figure.
In the run-up to the EU Referendum of 2016, the UK Government and ‘the Establishment’ published and promoted a constant stream of stories and official forecasts of the economic Armageddon that would immediately follow any vote to leave the European Union.
The British people largely took this in their stride. Brexit was always at its heart about independence, sovereignty, and democracy, not economics. This is something that the leaders of the Remain campaign never fully grasped.
What is written above is yet one more vindication of the vote to make the United Kingdom an independent, sovereign nation once again. Not only has the UK regained some of its independence, (there is of course more work to be done on this), but the economic figures do not look too shabby either.
For the IMF to forecast UK growth this year being more than double that of the EU’s economic powerhouse Germany will, I hope, be reassuring to millions of British people. Assuming the BBC, Sky News, and ITN ever give this prominence, of course…Which up to now not one of them have even bothered to take a look.
Oh by the way the IMF is and always has been a pro-EU. So it must be butt clenching time for them to admit what they have, as it goes against the grain.
