Britain’s Gross Domestic Product (GDP) has falled after months of stagnating, dropping 0.2 percent in the three months to November 2023.
It comes after figures released in November 2023 recorded zero growth in the three months to September but saw a 0.2 percent surge in the services sector.
But critics of the Conservative Party’s stewardship of the UK economy who are blaming Brexit for the lack of growth were roudnly mocked in December.
Those putting the blame for the lack of growth in Britain’s GDP at the feet of those who vote to leave the European Union were left to contend with the fact that Germany and France were faring worse.
For although the UK economy was stagnant, the two bloc powerhouse economies actually recorded contractions, leading economist Julian Jessop to mock bitter Remainers.
Mr Jessop said: “Monthly GDP can be volatile but the 0.3 percent m/m fall in October is disappointing, with services, manufacturing and construction all down. Big picture – UK economy is flatlining.
“Ps. I see the usual suspects are already crying ‘Brexit!’ The reality is that all G7 economies are struggling (bar the US). Indeed, GDP contracted in Q3 in France, Germany, Canada and Japan.”
