Staggering revision to UK GDP

Well, the cost of living crisis is down to the higher cost of items. If everything costs more and people are still trying to maintain their current standard of living, there will be more economic activity. So it's theoretically possible.

I'm going to dig into the data if I can next week because I'm interested how this has been revised upwards so drastically.

Here's the FTs take​

UK economy bounced back from Covid, ONS revisions reveal

 
The ONS doesn't calculate GDP for other countries.. Every country makes up their own version of money in and money out.

It’s really great news
I’ll tell the kids who can’t go to school because they are falling down
I’ll tell everyone the next time I’m helping at the foodbank
I’ll tell the doctors who can’t get a decent pay rise
I’ll tell the windrush victims who can’t get their compensation

They will all be chuffed to bits
 
pre:Brexit I used to order many of my perfumes from Paris

Example one line was £500 for 500ml, free postage, no tax as already paying the local French tax

Post Brexit same size is £750, I have to pay £20 postage and a £10 "Brexit fee" as the store calls it for completing the import/export paperwork

Then when it arrives I pay VAT. You only pay one set of tax though so the store refunds their local tax, TVA. But as the courier paid the tax for me on arrival to the uk, I have to pay them a fee and I lose something in the exchange, so costs me about £20 extra. Also instead of 2-3 day shipping it's 1-2 weeks

Thrilled to read things are actually fine cos of Brexit because been a nightmare so far 😂 I'm a fairly small operation, anyone big who's stock comes from abroad must be severely limited.
 
It’s really great news
I’ll tell the kids who can’t go to school because they are falling down
I’ll tell everyone the next time I’m helping at the foodbank
I’ll tell the doctors who can’t get a decent pay rise
I’ll tell the windrush victims who can’t get their compensation

They will all be chuffed to bits
To be fair, although they are very good points, they are nothing to do with Brexit, they are caused by our incompetent Tory government, along with the homeless, no GP appointments, no dentists etc etc.
More knowledgeable members of this board can probably add more to this list of course.
 
To be fair, although they are very good points, they are nothing to do with Brexit, they are caused by our incompetent Tory government, along with the homeless, no GP appointments, no dentists etc etc.
More knowledgeable members of this board can probably add more to this list of course.
More people will go to a foodbank because of inflation, inflation that is higher in country partly due to brexit
 
More people will go to a foodbank because of inflation, inflation that is higher in country partly due to brexit

This simply isn't true. Inflation is hitting the entire Eurozone ffs.

Inflation is down to printing 30% of the entire currency of the UK during lockdown WHILST stopping people spending that money AND stopping the people who make stuff making stuff.

You're hilariously bad at economics for a 'mortgage advisor'
 
what happened to the 12000+ post brexit price cuts we were promised and the £350 million a week for the NHS?
 
This simply isn't true. Inflation is hitting the entire Eurozone ffs.

Inflation is down to printing 30% of the entire currency of the UK during lockdown WHILST stopping people spending that money AND stopping the people who make stuff making stuff.

You're hilariously bad at economics for a 'mortgage advisor'
Did you see the words partly, brexit has contributed to inflation being higher here than most other places

It’s a number of factors, brexit playing some part

Mortgage advice is totally different to economics
 
This simply isn't true. Inflation is hitting the entire Eurozone ffs.

Inflation is down to printing 30% of the entire currency of the UK during lockdown WHILST stopping people spending that money AND stopping the people who make stuff making stuff.

You're hilariously bad at economics for a 'mortgage advisor'
I thought it was down to Putin, or to COVID affecting supply chains?

Anything but the obvious
 
Did you see the words partly, brexit has contributed to inflation being higher here than most other places

It’s a number of factors, brexit playing some part

Mortgage advice is totally different to economics
Ye how those houses holding up, when you were totally wrong about that as well.
 
That there wasn't a massive slide in house prices coming.. just yesterday largest monthly drop in nationwide figures recorded.
I’d like to see the posts again if you can link, depends when they where from and what the context at the time was.

Things have been in the balance a while. I can remember a thread some time ago where other posters argued more against house drops than I would have. But I could be mistaken
 
I’d like to see the posts again if you can link, depends when they where from and what the context at the time was.

Things have been in the balance a while. I can remember a thread some time ago where other posters argued more against house drops than I would have. But I could be mistaken

It was couple months back where I advocated for people who had to sell to market below current 'perceived market value' to get you bids on the property. You said it was the worst advice you'd ever seen and was infact dangerous.

It's ok though I'm not here to score points just trying to suggest that when it comes to these things, I'm not an imbecile.

P.s. let's get back to the Boro and being terrible at football. Need a big 45 minutes!
 
It was couple months back where I advocated for people who had to sell to market below current 'perceived market value' to get you bids on the property. You said it was the worst advice you'd ever seen and was infact dangerous.

It's ok though I'm not here to score points just trying to suggest that when it comes to these things, I'm not an imbecile.

P.s. let's get back to the Boro and being terrible at football. Need a big 45 minutes!
I don’t think I was saying house prices woudlnt drop on that thread just that people shouldn’t sell unless they really need to cos the can’t afford their mortgages.

UTB
 
It literally is down to money printing and supply chain destruction.. as I said in the post you quoted you absolute moron.

Seems odd you're happy to throw out insults, but on other threads when people use similar language your pearls are clutched.

I don't claim to have your enormous economics brain - but if supply chains are an issue, how will creating barriers with the EU have no effect?

I was also effectively quoting the reasons proffered by the government you're caping for. So let's save the moron label.
 
Seems odd you're happy to throw out insults, but on other threads when people use similar language your pearls are clutched.

I don't claim to have your enormous economics brain - but if supply chains are an issue, how will creating barriers with the EU have no effect?

I was also effectively quoting the reasons proffered by the government you're caping for. So let's save the moron label.

Apologies you aren't a moron and I'm not a fan of Brexit.

I don't clutch my pearls though, feel free to call me a moron.

If you'd like me to take you through everything I charge an hourly rate but just give me a DM. 😉
 
GDP for European countries in 2022, show the UK is being out performed by most EU countries.
 

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