RE: Labour has inherited improving economy, GDP data shows11 Jul 2024 08:47
Yup, this is probably the most tragic thing of the recent UK general election.
The Tories have left the UK today in mid-2024 with the world's fastest-growing G7 economy, effectively full employment, near-record-low unemployment, every person who wants one has a job, wages soaring at their fastest rate this century, record levels of disposable income per-head, inflation is stable, inflation is back at a low 2%, house prices have stabilised, allowing thousands more to get on the property ladder, mortgage rates are once again falling, mortgage rates are back well below historical averages, mortgages are once again becoming more affordable, interest rates from the BoE are falling on the futures markets, interest rates will shortly be significantly lower, while the UK is amazingly now the world's 2nd biggest services exporter, a services superpower, the world's 4th biggest exporter overall, the UK has recently leapfrogged France to become the world's 8th biggest manufacturer, zooming up the glob rankings, and UK exports to the EU now sit at a record high.
All that astonishing success has been achieved against the global and UK backdrop of the near-bankrupt 2008 financial crisis ("no money left" in a Labour note), the ridiculous hysteria and self-loathing and talking-down by Remainers who lost the Brexit vote (in a democratic election) for nearly a decade, and the China-caused Covid pandemic that was the worst epidemic (economically) the world has ever seen in all of human worldwide history.
And yet... despite that astonishingly good record, the overwhelming narrative in the UK remains one of misery and depression. It beggars belief that the Tories failed to get across their message of success in 2010-2024. They really did do a fantastic job of steering the UK thru the worst financial crisis for a century, the biggest political change for a half-century, and the worst pandemic of all time. History will confirm that.
Sign In
Follow the stocks
