The Brexit debate has been distorted by several myths. One of the most persistently and widely quoted, including during the 2016 referendum campaign and subsequently as in here, is that the UK’s economic performance improved after joining the EU in 1973. Performance is usually measured as GDP per head, and on this measure the UK […]
Plenty More Boom And Bust In The UK
The British Chancellor of the Exchequer, George Osborne, has had good mileage out of his claims that the UK has the fastest growing economy in Europe. His claim is correct, at least for the larger economies in Western Europe in 2014 and 2015, but pride may come before a fall. The Eurostat forecasts are that […]