New fears Brexit has ‘drained life out of UK economy’ following IMF report

[pellinore]

Opponents of Brexit have warned that the latest figures from the International Monetary Fund (IMF) confirm that leaving the EU “has drained the life out of the British economy”.

The claims come as Sir Keir Starmer’s Labour government begins a reset of the UK’s relationship with the EU following their victory in the general election.

The prime minister is set to host European leaders at the European Political Council at Blenheim Palace on Thursday just days after his new EU relations minister Nick Thomas-Symonds went to Brussels to start talks on a new Brexit deal.

But the urgency of the problem appears to have been highlighted in the latest IMF projections.

New fears Brexit has ‘drained life out of UK economy’ following IMF report | The Independent

Edited July 17 by pellinore

[Destination Unknown]

4 hours ago, pellinore said:

Opponents of Brexit have warned that the latest figures from the International Monetary Fund (IMF) confirm that leaving the EU “has drained the life out of the British economy”.

The claims come as Sir Keir Starmer’s Labour government begins a reset of the UK’s relationship with the EU following their victory in the general election.

The prime minister is set to host European leaders at the European Political Council at Blenheim Palace on Thursday just days after his new EU relations minister Nick Thomas-Symonds went to Brussels to start talks on a new Brexit deal.

But the urgency of the problem appears to have been highlighted in the latest IMF projections.

New fears Brexit has ‘drained life out of UK economy’ following IMF report | The Independent

Here we go again. Why are you always so eager to post these blatant click-bait articles that put the UK (your own country) down pellinore, without actually checking out the facts of the matter first?

From the article you yourself linked, quote: "According to the IMF, the UK... will only grow by 0.7 per cent by the end of this year."

For a start, the UK's GDP grew by 0.7% in the first 3 months of this year alone (Source: ONS - see link below).

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/januarytomarch2024

Annoyingly for you, the UK’s GDP also grew by a further 0.4% in May 2024 (Source: ONS - see link below).

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/may2024#:~:text=Monthly real gross domestic product,unrevised from our last publication).

So in reality pellinore, the UK's GDP has already actually grown by 1.1% so far this year, so the IMF's 0.7% growth "prediction" for the whole of 2024 (which you are obviously so eager to believe), has already been completely blown out of the water.

Also annoyingly for you pellinore, your beloved EU could only manage a meagre 0.3% growth in the first 3 months of this year, compared to the non-EU UK's 0.7% growth over that same period (Source: Your beloved EU's own website - see link below).

https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-30042024-bp

So in the interests of balance, of course you will obviously be posting an update to your original post above at the end of this year showing how completely wrong this IMF forecast really was won't you pellinore. 🤔

Edited July 17 by Destination Unknown

[OpenMindedSceptic]

9 hours ago, pellinore said:

Opponents of Brexit have warned that the latest figures from the International Monetary Fund (IMF) confirm that leaving the EU “has drained the life out of the British economy”.

The claims come as Sir Keir Starmer’s Labour government begins a reset of the UK’s relationship with the EU following their victory in the general election.

The prime minister is set to host European leaders at the European Political Council at Blenheim Palace on Thursday just days after his new EU relations minister Nick Thomas-Symonds went to Brussels to start talks on a new Brexit deal.

But the urgency of the problem appears to have been highlighted in the latest IMF projections.

New fears Brexit has ‘drained life out of UK economy’ following IMF report | The Independent

Oh Pellinore, the IMF have royally screwed up here. The UK is outpacing the EU and the IMF predictions too. 

But Starmer is already v cosy with the WEF and was v cosy with Sunak on the Kings Speech day and he wants his nose in the trough with the EU no doubt. Champagne anyone? No but Starmer will have a double, cheers.

He seems like a Tory only with less charm, charisma and notions of leadership. 

 

[pellinore]

11 hours ago, Destination Unknown said:

Here we go again. Why are you always so eager to post these blatant click-bait articles that put the UK (your own country) down pellinore, without actually checking out the facts of the matter first?

From the article you yourself linked, quote: "According to the IMF, the UK... will only grow by 0.7 per cent by the end of this year."

For a start, the UK's GDP grew by 0.7% in the first 3 months of this year alone (Source: ONS - see link below).

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/januarytomarch2024

Annoyingly for you, the UK’s GDP also grew by a further 0.4% in May 2024 (Source: ONS - see link below).

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/may2024#:~:text=Monthly real gross domestic product,unrevised from our last publication).

So in reality pellinore, the UK's GDP has already actually grown by 1.1% so far this year, so the IMF's 0.7% growth "prediction" for the whole of 2024 (which you are obviously so eager to believe), has already been completely blown out of the water.

Also annoyingly for you pellinore, your beloved EU could only manage a meagre 0.3% growth in the first 3 months of this year, compared to the non-EU UK's 0.7% growth over that same period (Source: Your beloved EU's own website - see link below).

https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-30042024-bp

So in the interests of balance, of course you will obviously be posting an update to your original post above at the end of this year showing how completely wrong this IMF forecast really was won't you pellinore. 🤔

It seems I need to remind you once again that I don't write the articles in the national press about the UK's economy. I just quote them because they are of interest (at least, they are to me). 

If you have a beef with the Independent's reporting, you need to take it up with them. I'm hoping that the headlines will become more positive in the coming year. If you are the patriot you claim to be, you should be hoping so too, and get behind the new agenda laid out in the King's Speech. As a democracy, we should support the will of the people, once they have spoken. We'll have a chance at another GE in 4 or so years' time to show whether we approve of the govt's actions.

[OpenMindedSceptic]

13 minutes ago, pellinore said:

It seems I need to remind you once again that I don't write the articles in the national press about the UK's economy. I just quote them because they are of interest (at least, they are to me). 

If you have a beef with the Independent's reporting, you need to take it up with them. I'm hoping that the headlines will become more positive in the coming year. If you are the patriot you claim to be, you should be hoping so too, and get behind the new agenda laid out in the King's Speech. As a democracy, we should support the will of the people, once they have spoken. We'll have a chance at another GE in 4 or so years' time to show whether we approve of the govt's actions.

Oh dear, you're little ruse makes little sense.

OK, enlighten us, where do you stand on this post?

With the lie posted by The Independent or with the truth posted by Destination Unlnown?

[itsnotoutthere]

It's the Independent, it is patently obviously that they have been hired by the rejoin 'nudge' campaign to prepare us for Starmers predictable betrayal.

Edited July 18 by itsnotoutthere

[Destination Unknown]

On 7/17/2024 at 10:35 PM, pellinore said:

It seems I need to remind you once again that I don't write the articles in the national press about the UK's economy. I just quote them because they are of interest (at least, they are to me).

It seems I need to remind you once again pellinore that the only reason you quote them in the first place is because they are only of interest to a blatant Brexit-basher like you, who only wants to post negative spin about the UK (your own country) from renowned anti-Brexit pro-EU publications such as 'The (Not So) Independent'.

For instance, you could have just as easily chosen to post this positive spin on the same IMF 'World Economic Outlook' (WEO) report from 'The Telegraph', in which they say the UK will be the fastest growing European G7 member next year, but yet you chose not to. Now why wouldn't positive news about the UK's economy be of interest to you pellinore? 🤔

"Britain to be fastest growing major European economy"

Quote: "Growth in Britain is set to outstrip every other major European economy next year, the International Monetary Fund has predicted." (See link below).

https://www.telegraph.co.uk/business/2024/07/16/fste-100-markets-live-news-labour-economic-pledges/

On 7/17/2024 at 10:35 PM, pellinore said:

If you have a beef with the Independent's reporting, you need to take it up with them.

I don't have a beef with 'The (Not So) Independent's' reporting though. As you yourself already know, they're a well-known anti-Brexit pro-EU publication, so they're just going to continue to post their negative spin no matter what I do, and if I was to take "my beef" (your words, not mine) up with every anti-Brexit pro-EU publication out there that knowingly posts their nonsense, then I'd have a full-time job just doing that.

I do, however, have a beef with you for posting only negative Brexit spin and claiming they are the ones that are of interest to you, whilst never posting positive Brexit news. I mean, even 'The (Not So) Independent's' headline, and indeed the headline of this very thread, is made to look as though it's the IMF itself that has claimed Brexit has ‘drained life out of UK economy’, when in reality the only person making that claim is the scruffy commie grifter and paid for EU shill Galsworthy, chair of the anti-Brexit pro-EU 'European Movement UK' - the IMF report doesn't even mention Brexit.

And before you ask, I've already taken up Galsworthy and his blatant lies on various social media accounts of his (Facebook/Twitter/X etc.).... and he blocked me.

On 7/17/2024 at 10:35 PM, pellinore said:

I'm hoping that the headlines will become more positive in the coming year. If you are the patriot you claim to be, you should be hoping so too

The headlines are already positive pellinore, and they have been for some time if you actually bothered yourself to look rather than automatically leaping on anything negative and gleefully posting it as if that's gospel instead, so if you are the patriot you claim to be, then why haven't you been reflecting that in your posts?

On 7/17/2024 at 10:35 PM, pellinore said:

As a democracy, we should support the will of the people, once they have spoken.

Says someone who has never once supported the will of the people who spoke when they democratically voted to Leave the EU in 2016. And you can't see the irony.!!

Edited July 19 by Destination Unknown