The UK’s GDP is proving Remainers wrong

You can almost sense the agonising among hardcore remainers, the howls of anguish. The Office for National Statistics (ONS) has revised the UK’s economic growth figures since Covid upwards. Instead of still struggling to reach its pre-pandemic high it seems that the UK economy in fact surpassed 2019 levels two years ago. 

Previously, the ONS had estimated the economy in the last quarter of 2021 to be 1.2 per cent smaller than pre-pandemic. It now calculates that in fact it was 0.6 per cent larger. The ONS says its initial forecasts were compromised by the difficulties of calculating GDP during the pandemic.

The upshot of this is that instead of under-performing the economies of France and Germany since the pandemic (and Brexit, which took effect six weeks before the lockdowns began), the UK economy has now outperformed it.