The publication of the first official GDP data for the whole of 2021 have revived a highly politicised debate about how well the UK is doing, compared to our peers in the G7. Part of me doesn’t really care, but there are some important points here.
First, the claim that the UK was the fastest growing G7 economy in 2021 is factually correct, as is the claim that independent forecasters (including the IMF) expect the UK to repeat this performance in 2022. We can argue about the significance of these claims, but both are true.
The issues here are therefore different from those raised by other recent statements. In particular, the Prime Minister has rightly been told off by the statistics regulator for repeatedly claiming that there are more people in work than before the pandemic, which ignores the fall in the numbers of self-employed. This feels like a…
View original post 613 more words
Recent Comments