Solely looking at GDP says little about the impacts of Brexit, especially on the impact it has on individuals. While it tells us the UK fares well on production capacity and economic growth, it says little on the welfare and well being of her citizens.
There is of course a lot of disparity of the origins in the data, and Tory governing most likely have its effects as well.
Point is, GDP is not a good measure on whether things are looking bright for individuals.
I was merely pointing out that GDP is a tool to look at the economy as a whole, but it can not visualise more specific trends or inequalities, let alone those caused by Brexit.
There are definitely effects on the British economy because of Brexit, just alone the loss in confidence in the British economy after the vote and the uncertainty following it.
Solely looking at GDP says little about the impacts of Brexit, especially on the impact it has on individuals. While it tells us the UK fares well on production capacity and economic growth, it says little on the welfare and well being of her citizens.
There is of course a lot of disparity of the origins in the data, and Tory governing most likely have its effects as well.
Point is, GDP is not a good measure on whether things are looking bright for individuals.
The forecasted measure that the OBR decided to use to judge the impact was GDP per capita though
I was merely pointing out that GDP is a tool to look at the economy as a whole, but it can not visualise more specific trends or inequalities, let alone those caused by Brexit.
If any have been caused by brexit. 95% of UK companies don’t export to the EU after all.
There are definitely effects on the British economy because of Brexit, just alone the loss in confidence in the British economy after the vote and the uncertainty following it.