Brexit: Boris Johnson given 'misinformation' says Mummery
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Earlier this week the Organisation for Economic Co-operation and Development (OECD), sharply increased its growth projections for the UK. It now expects the British economy to grow by 7.2 percent this year and 5.5 percent in 2022.
This follows a fall of 9.9 percent in 2020, the worst figure since the 1709 Great Frost.
Mr Neil responded to a graph suggesting Britain suffered the second worst GDP decline in 2020, pointing out this is partly due to methodology.
He argued: “The same difference will make us look better on the upside.”
An anti-Brexit activist, with ‘Rejoiner’ and ‘FBPE’ [Follow Back Pro-Europe] in her Twitter name, replied.
She said: “Which upside is that? And is it the same as the ‘sunlit uplands’ which turned out to be a whopping big lie?”
Mr Neil fired back posting: “The upside which has even the OECD predicting we will grow by over 7 percent this year and 5.5 percent next.
“I know this good news will deeply upset you but it’s not my job to protect you from things injurious to your prejudices.
“By the way, as an FBPE obsessive, you’re blocked. Bye.”
The post received 2,800 likes and was retweeted more than 450 times.
Whilst the OECD predicts the UK to see rapid growth over the next two years, it also forecasts long-term ‘scarring’ from the pandemic.
This means the British economy will grow by 0.5 percent less for each of the next four years, one of the highest figures in the G7.
Laurence Boone, the OECD’s chief economist, warned the recovery may not be stable.
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She said: “The world economy is currently navigating towards the recovery, with lots of frictions.
“The risk that sufficient post-pandemic growth is not achieved or widely shared is elevated.
“This will very much depend on the adoption of flexible and sustainable policy frameworks, and on the quality of international cooperation.”
It comes as China has replaced Germany as Britain’s biggest single import market, as the impact of extra-customs checks and the pandemic took effect.
Between the start of 2018 and 2021 UK imports from Germany fell by a quarter to £12.5bn.
By contrast imports from China surged 66 percent to £16.9bn.
The Government is currently negotiating a major new trade deal with Australia.
However some British farmers fear they will struggle to compete if standards are undercut.
Speaking in the House of Commons trade minister Greg Hands gave a “cast iron guarantee” standards will be maintained.
However, Emily Thornberry, the shadow international trade secretary, said Labour would not back a “rushed-through” agreement.
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