Worried about your job? You would be twice as worried in the Eurozone
Worried about rising prices? It’s worse in the Eurozone
Worried about a recession? It’s worse in the Eurozone
Whether it’s unemployment, inflation, or economic growth or other key measures, Brexit Britain is continuing to outperform the Eurozone — and the wider EU.
If the UK ever rejoined the EU, which a small but highly vocal minority are clamouring for us to do, we would be forced to join the Euro. (Something Nicola Sturgeon also needs reminding of constantly.) I will therefore continue to tell Rejoiners like you about the Eurozone each time new figures are released by the EU Commission.
Unemployment in the Eurozone remains stubbornly high, compared to the UK
Latest official figures for Sept 2022
The average unemployment rate in the UK: is 3.5% (the lowest for 48 years)
The average unemployment rate in the Eurozone: is 6.6%
[Sources: ONS (UK) and EU Commission (EU).]
Youth Unemployment is much lower in Brexit Britain
Average youth unemployment rate in the UK: 7.5% (and falling)
Average youth unemployment rate in the Eurozone: 14.6% (and rising)
[Sources: ONS (UK) and EU Commission (EU).]
As the Brexit Minister, the Rt Hon David Jones MP said
“There is no doubt that the Covid pandemic and Russia’s aggression in Ukraine have had an economic impact. But if we were to listen to the Rejoiners, who don’t miss any opportunity to talk Britain down, we might conclude that the damage was confined to the UK.
“This new report reveals the truth: that while we are certainly going through difficult times, the EU economy is experiencing worse problems.
“On every measure — inflation, unemployment and growth — the British economy is proving more resilient than the EU’s, demonstrating yet again that a nimble, independent UK is better placed to address global challenges than the lumbering EU brontosaurus.”
Annual Consumer Price Inflation, Sept 2022 — the UK compared with the Eurozone
UK: 8.8%
Eurozone: 9.9%
[Sources: Office of National Statistics | Eurostat ]
Economic Growth — faster in Brexit Britain
Economic Growth — the UK compared with the Eurozone
2021 — Actual figures
United Kingdom: 7.4%
Eurozone: 5.2%
2022 — IMF’s forecast for 2022
United Kingdom: 3.6%
Eurozone: 3.1%
[Source: International Monetary Fund.]
On three key measures — jobs, prices, and economic growth, Brexit Britain is continuing to do better than the Eurozone — and the rest of the EU, come to that.
What are the Brexit benefits? The latest figures above show again how the UK is the place to be.
