Saturday, November 19, 2022

Michael Lambert: Economy Collapsing But Don't Mention Brexit

Nov 19, 2022 | The UK economy is doing very badly. We are the only economy in the G7 that has not yet returned to pre-Covid levels. We are forecast to be the nineteenth slowest growing economy in the G20 just ahead of Russia next year. We are the only country in the G7 now in recession and our standard of living is forecast to diminish by 7% over the next two years.

Despite all of this, politicians both the government and the opposition, continue to pretend that this has nothing to do with Brexit but it is the result of Covid and Russia's invasion of Ukraine.

Millions face poverty over the coming two years, whilst the NHS, social services and the police are in meltdown. Unless and until we confront the problems caused by Brexit our decline will continue.