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Andrew Neil is usually excellent but as everyone is pointing out here, what matters is GDP per capita, and that’s basically stagnant, plus our fiscal position is terrible

10.8. klo 19.27
Recent UK economic history being rewritten to suit current political agendas. So let’s set out some facts.
Britain’s real GDP grew by 18.7% from the end of 2010 (Q4 2010) to the end of 2019 (Q4 2019). In other words the UK economy grew by almost a fifth in real terms in the 2010-2020 decade, despite the shock of the Great Crash and Brexit and dysfunctional Tory governments. That somewhat undermines the widely promoted myth of a stagnant decade.
From the start of 2020 (Q1 2020) to the start of 2025 (Q1 2025), real GDP grew by 7.0%. So in the past five years the economy has grown markedly more slowly than previous decade. Covid obviously took its toll, including anaemic bounce back from the pandemic doldrums of 2020/21. Brexit uncertainty too. Plus endless Tory shenanigans hardly encouraged confidence. Even so — and despite all that — the UK economy still 7% bigger now than at start of decade.
I know, I know. Per capita GDP growth rate less impressive. That’s partly a consequence of mass immigration and low productivity. The purpose of this post is to counter the widespread perception that the UK has endured a decade and a half of stagnation in GDP growth. It hasn’t.
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