UK 'hasn't properly Brexited yet' says Ben Habib

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Brexit sceptics have claimed that Britain’s economy has been adversely impacted by the UK’s decision to leave the European Union.

However, new data shows the UK’s GDP has rebounded from the Covid recession and is at a level comparable to other leading EU nations.

Julian Jessop, an IEA economics fellow, published a graph to his Twitter page showing the performance of various EU economies since the pandemic.

He wrote: “FYI, here’s an update of UK GDP compared to our peers in the EU.

“In short, following a bigger fall during #Covid, the UK has now caught up.

“There is no clear impact from #Brexit on overall GDP, and no sign either (yet?) that the UK is being hit harder by the #costoflivingcrisis.”

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‘Made in Britain’ labels fuel £7.6bn post-Brexit surge in UK alcohol exports

BRITAIN’s drinks exports has received a massive post-Brexit shot in the arm, surging by almost a fifth last year, new research has indicated.

In a huge endorsement of outgoing Prime Minister Boris Johnson’s Global Britain strategy, UK brands are now seen as bywords for luxury the world over, the analysis, published by Chartered Accountants and Business Advisers Hazlewoods, concluded. Drinks exports rocketed from £6.4billion in 2020 to £7.6billion in 2021 an increase of 19 percent, data indicates.

Global exports of Scotch rose by £4.51billion – although 19 percent – year-on-year.

The measures were in place for a year until June 2021, with exports recovering sharply in the second half of 2021.

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