LETTERS – Economy is in good shape

Whilst the country braces itself for the next episode of – Project Fear the Trilogy – it is important that your readers understand that the British economy is in good shape as we prepare to leave the failing EU.

Great Britain is moving ahead of our European competitors with Germany now in recession and the rest of the Eurozone teetering on the brink. Not only is the British economy growing at a far faster rate than the Eurozone, it is also suggested by the Centre for Economic and Business Research that the UK will be the largest economy in Europe within 15 years, IF WE LEAVE THE EU.

In comparison the UK economy, constantly bashed by the ultra-hard left remoaners, is on a roll in terms of economic growth, jobs and inward investment.

What’s happening? UK economic growth continues to be robust as it proves the doomsayers of Project Fear wrong on every key economic indicator. The organisations that unleashed Project Fear and their predictions of economic Armageddon within days of a Vote to Leave the EU are looking rather red faced as they are forced to admit they got it wrong, as usual. Instead the British economy is going from strength to strength and our future outside the EU looks far brighter than those countries that are stuck in the EU slow lane.

Time to share some really positive Great British news, which for some reason the anti-Brexit news outlets are failing to report; Unemployment has fallen to its lowest level since 1975 at a rate of four per cent – the lowest in Europe – and a record number of people (32 million) are in work. Youth unemployment has also fallen to its lowest level for 15 years, which in Spain, Greece, and Portugal is running at over 50 per cent.

As the number of economic migrants from the EU declines and unemployment in the UK continues to fall the normal laws of supply and demand, as predicted by Leavers, are beginning to kick in. As a result pay growth posted its fastest rise in a decade at 3.4 per cent. Prices rose by 2.3 per cent over the same period and slowed further into December, putting more spending power into families’ pockets.

UK exports have also hit a record high of £620b an increase of over 20 per cent since the referendum in 2016 and exporters are reporting that their order books are at their highest in 20 years. This explosion in export growth is being fuelled by increasing demand from outside the EU. 90 per cent of all economic growth over the next 15 years is predicted to be from outside the EU.

In 2018 the UK ranked 2nd in the world, only just behind China, for the amount of Inward International investment secured, which helped to create a further 77,000 jobs across the UK. France and Germany did not even feature in the top ten.

London also extended its lead as the world’s leading financial centre, and demand for office space in the capital has hit an all-time high. Companies establishing their head offices in London included: Apple, Microsoft, Google, Facebook, Bloomberg, Goldman Sachs, Amazon, the multi Billion pound Anglo-Dutch giants RELX and TMF, and the largest bio-life sciences research centre in the world opened near King’s Cross.

Boeing has opened a new manufacturing factory in Sheffield – with the company’s largest workforce outside the USA – to work alongside the high-tech AMRC (Advanced Manufacturing Research Centre). There are many, many more international businesses that are giving Brexit Britain a massive vote of confidence.

Likewise, the UK secured more IT and tech start-ups in 2018 than the rest of the EU combined.

So don’t let the scaremongering Project Fear peddlers cloud what we have achieved since the referendum, and that is even before we have left and harnessed our full potential in terms of competitiveness.

We have many reasons to be proud of our country and like the rest of the world investing in our country we should ‘Believe in Britain’ and what the most creative and ingenious country in the world can achieve when we extend our horizons beyond the borders of the EU. Global Britain relaunches on March 29, 2019 at 11am.

Martin Skeels
Market Rasen Way
Holbeach