New data has delivered what one expert called “conclusive proof” that Brexit has not damaged the UK economy, contradicting recent claims by Chancellor Rachel Reeves.
Rachel Reeves has previously blamed Britain’s economic challenges on the decision to leave the EU, suggesting the country could reap “huge benefits” by moving closer to Brussels.
However, Ben Philips, from the Campaign for an Independent Britain, told GB News that the latest figures from the ONS and Eurostat show a very different picture.
“The UK leads the pack at a healthy 12 per cent growth since Brexit,” he said, pointing to data that outpaces Germany, France, and Italy.
The graph presented by the experts was ‘conclusive proof’ that Brexit has not harmed the economy
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GB NEWS
GB News host Martin Daubney said: “Rule Britannia surfing atop the waves. This is conclusive proof Brexit hasn’t damaged the UK GDP. If anything, it proves we’re better off.”
The expert explained: “We were told that Britain would be a laggard because it’s outside the European Union. Nothing could be further from the truth.”
“It was a reckless prediction by the OBR, and it’s been clung on to by Rachel Reeves as well, which further discredits her own credibility in our view.
“There’s a huge crater, as you can see, as a result of Covid. That’s the elephant in the room that the establishment never talks about.
“And then the UK comfortably reasserts its economic growth and ends up heading the pack by the end of the second quarter of 2025.”
Ms Reeves is preparing to announce a series of new tax increases as she tries to address a substantial shortfall in public finances.
Ben Philips, from the Campaign for an Independent Britain, told GB News that the latest figures from the ONS and Eurostat show a different story
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GB NEWS
These measures could potentially include an income tax hike that would break previous manifesto commitments, while speculation is mounting over other potential revenue-raising options, such as a mansion tax.
In the lead-up to the Budget on 26 November, the Chancellor and other Cabinet ministers have increasingly pointed to Brexit as a factor in the UK’s struggling economy.
Earlier this month, Ms Reeves warned that leaving the EU had “exacerbated” Britain’s productivity problems, signalling to the public that higher taxes may be on the horizon.
She has also recently cited the impact of austerity and the policies of the former Conservative government for the current economic difficulties.
Senior Conservatives have dismissed the Chancellor’s comments, criticising them as “a rather weak excuse for her mismanagement of the economy”.
The Office for National Statistics (ONS) revealed GDP rose by 0.1 per cent month-on-month in August and fell by 0.1 per cent in July, in a revision to the previous estimate for no growth.
In the three months to August, GDP grew by 0.3 per cent compared with 0.2 per cent growth in the three months to July.