The economy

Fact checks about the economy, covering levels of inequality, prices, taxation, employment, unemployment and housing across the UK nations and regions

18 January 2022

Express overstates Brexit trade deal value, again

The Express claimed that post-Brexit, the UK has struck new free trade deals with 70 countries worth over £760bn. This is the total value of trade with these countries, not …

Read more…
Express overstates Brexit trade deal value, again
13 January 2022

UK is fastest growing G7 economy by one measure, and fifth by another

Economic growth between the third quarter of 2020 and 2021 was the highest in the G7. The UK’s growth between the second and third quarter of 2021 placed fifth.

Read more…
UK is fastest growing G7 economy by one measure, and fifth by another
6 January 2022

Is income inequality falling?

While the Prime Minister claimed income inequality was falling, the latest analysis suggests it may be rising again after income support schemes were removed.

Read more…
Is income inequality falling?
5 January 2022

The Warm Home Discount is £140 for the entire winter, not a week

The Prime Minister described the discount incorrectly during PMQs.

Read more…
The Warm Home Discount is £140 for the entire winter, not a week
5 January 2022

Boris Johnson did say inflation fears had been ‘unfounded’

The Prime Minister denied ever making the comment during the first PMQs of the year.

Read more…
Boris Johnson did say inflation fears had been ‘unfounded’
23 December 2021

Data likely overstates the number of house hunters per house

Data from estate agent membership organisation Propertymark estimates in November 2021 there were 29 buyers per house. This is probably too high.

Read more…
Data likely overstates the number of house hunters per house
17 December 2021

Brazil doesn’t produce 25% of the world’s food, as the UK’s trade envoy to the country claimed

UN data shows Brazil actually produces about 10% of the world’s food by weight and 4% by value.

Read more…
Brazil doesn’t produce 25% of the world’s food, as the UK’s trade envoy to the country claimed
3 December 2021

Express vastly overstates impact of UK trade deals

The Express suggested that post-Brexit trade deals will deliver a £766 billion boost. This figure refers to the total value of trade between the UK and countries it has agreed …

Read more…
Express vastly overstates impact of UK trade deals
29 November 2021

Misleading for Nadine Dorries to say Channel 4 is ‘in receipt of taxpayers’ money’

The broadcaster is publicly owned, but pays for itself through commercial operations. Its borrowing counts as public debt, but that doesn’t mean the taxpayer pays for it in the usual …

Read more…
Misleading for Nadine Dorries to say Channel 4 is ‘in receipt of taxpayers’ money’
25 November 2021

Numbers ‘in work’ not yet back to pre-pandemic levels

At PMQs the Prime Minister claimed the number of people in work had returned to pre-pandemic levels. This is true only for payrolled employees, not all workers.

Read more…
Numbers ‘in work’ not yet back to pre-pandemic levels

Full Fact fights bad information

Bad information ruins lives. It promotes hate, damages people’s health, and hurts democracy. You deserve better.