UK growth hits bottom: Fresh look at economic ties raises eyebrows
Latest economic data shows UK struggling with second-worst G7 growth rates while per-capita numbers drop. Bank of England chief and Labour leaders suggest controversial solution that might not fix the problem
The UKʼs economic performance has hit a rough patch showing second-worst growth among G7 nations (with per-person numbers going down-hill). Rachel Reeves and Sir Keir Starmer who promised top G7 growth made their first budget that might push Britain to the groups bottom
Deutsche Bank points out that higher employer costs will cut about 100k jobs; business leaders blame Labourʼs pre-budget negative-talk for lower investment rates. The economic health needs quick fixing — thats when Andrew Bailey from Bank of England steps in with his EU-friendly ideas
We must welcome opportunities to rebuild relations with the bloc
The EU-focused fix got Reeves attention who thinks Brexit causes UKʼs main problems; however EUʼs own numbers dont look great. Germanyʼs economy is shrinking this year while France stays flat: since 08 EU grew just 1% yearly‚ USA got 1.9%‚ and India jumped by 6%
Brexit was meant to help UK connect with fast-growing markets world-wide but we got stuck with risk-management instead of growth-making. Maybe instead of looking back to slow-growing EU its time to learn from US de-regulation plans and change our trade rules to match
