RE: UK economic stagnation5 Dec 2022 19:33
"UK has the fastest-growing G7 economy for 2 years in a row. Two years!"
You simply don't understand basic logic do you?
I've explained this to you before, but I'll try again as if you are a toddler, maybe it will sink in.
If you had £1 yesterday and I gave you £1 today, that would be 100% growth. You would now have £2.
But if you had £2 yesterday and I gave £1 today, that would only be 50% growth. You would, however, now have £3.
So one example gives you 100% growth and you end up with £2, the other example gives you 50% growth and you end up with £3.
Now, is £2 bigger or smaller than £3? Come on little buddy, I know you can do this! That's right, you did it, £3 is indeed bigger!
So, despite having lower growth, you actually ended up with more money because you started from a higher point.
Congratulations, you have learned basic math.