UK Politics

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Eurozone inflation falls to 5.5% in sharp contrast to UK (www.theguardian.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.

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[–] [email protected] 0 points 1 year ago (8 children)

Lol, the OBR said 4% of GDP per CAPITA OVER 15 YEARS

Mate, firstly.

Calm down.

Secondly, you're wrong, it is GDP not GDP per capita and it is at least 200bn.

These are facts, accept the facts.

[–] [email protected] 1 points 1 year ago (7 children)

LOL

Fuck off and learn something before you give it large pal.

The post-Brexit trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU

Productivity, as in GDP per capita. Not GDP.

https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/#assumptions

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (6 children)

No it's GDP, you are simply wrong, confidently wrong I will grant you, but wrong.

Tell me genius, what's the measure for long term growth the OBR uses here?

https://obr.uk/box/productivity-growth-long-term/

Oh right, look at that, it's GDP.

I mean, are you saying Bloomberg is also wrong?

Again, resorting to insults just shows up your immaturity and the fact that you've lost this debate.

[–] [email protected] 1 points 1 year ago

GDP growth was similar in the twentieth century and the nineteenth, averaging 2.1 per cent in both cases. Higher productivity growth in the twentieth century therefore is associated with weaker growth of total hours worked, due to a combination of weaker employment growth and falling average hours

You don't understand your own link, 🤡

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