The UK economy is growing more quickly than any of the other G7 countries.
In 2016, the UK economy seems to have grown faster than any G7 country bar Germany, which grew at essentially the same rate.
“We are already… the fastest growing economy in the G7”
Conservative Party manifesto, 18 May 2017
This claim is justifiable, but it’s not at all clear cut.
The latest data from the International Monetary Fund has the UK growing at essentially the same rate as Germany, 1.8%.
Economic growth figures are frequently revised, sometimes even years after their first publication. So at the moment it seems that the UK and Germany basically tied in 2016, but the next set of data might give a clearer lead to one or the other.
The UK’s GDP growth rate has slowed from 3.1% in 2014 to 1.8% in 2016.
The IMF’s latest forecast is for UK growth to be 2% in 2017, behind the USA’s 2.3%. However, it expects UK growth to slow to 1.5% in 2018, below several of the G7.
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Political debate in the UK is in flux right now. The UK’s exit from the European Union is approaching, we will soon have a new prime minister and potentially a general election.
We want politicians to tell the truth, and while the best politicians realise that their work should be done honestly, some aren't taking their responsibilities seriously. Both sides in the EU referendum campaign let voters down, from deceptively designed leaflets to some of the arguments made on each side. The public rightly expects more from politicians.
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