Brexit Britain will beat the US, Germany, France, Italy, Japan and Canada as the fastest growing economy in 2022 according to the latest figures from the Paris-based Organisation for Economic Cooperation and Development (OECD).

The OECD, who seem to love predicting worst case scenarios for the UK since leaving the EU, have been forced to backtrack and admit Britain’s economy this year will see the highest growth in the G7.

Britain now tops the table of G7 major economies for predicted economic growth in 2022.

  1. United Kingdom : 4.43%
  2. Italy : 3.70%
  3. Canada : 3.25%
  4. France : 2.55%
  5. United States : 1.85%
  6. Germany : 1.77%
  7. Japan : 1.57%

However, yesterday (22 Nov 2022) the BBC once again failed to report this good news and instead revelled in yet more doom and gloom predictions from the OECD about the UK’s growth prospects in years to come.

Our friends at Facts4EU.Org – together with the Rebuttal Unit of CIBUK.Org – were quick off the mark to give some perspective on the BBC’s story.

Ignoring the fact the UK came out top in the OECD’s 2022 figures, the BBC’s headline was:

The BBC conveniently forgot to mention the UK is actually the fastest-growing economy in the G7 in 2022 and instead focused solely on what OECD forecasters (who have historically gotten things wrong time and time again) are predicting in 2023 and 2024.

To say the OECD’s record in forecasting Brexit Britain’s economic performance is poor is an understatement. In December 2020, the OECD forecast growth for the UK in 2021 at 4.2%. The UK’s actual GDP growth for 2021 was 7.5%. In September 2022, OECD forecast the UK’s growth would be 3.4% for 2022. Two months later it’s now 4.4%.

The Sunday Times’ Economics Editor recently gave the OECD a 1 out of 10 score as a forecasting organisation.

Independent economist and IEA Economics Fellow Julian Jessop summed up OECD’s poor past prediction record in the following tweet:

Conservative Post Editor Claire Bullivant said:

“We are seeing this type of news reporting from the BBC time and time again. It’s not always what they mention, but what they fail to mention. It’s sneaky, poor journalism. If the BBC can spread doom and gloom, they will. They revel in it. It’s like they are allergic to good news. It’s why so many people are switching them off.

“Maybe, just maybe they should stick to the facts instead of relying on Mystic Meg type of predictions from an organisation that gets graded 1 out of 10.

“Granted, there are a lot of unfortunate things in the world at the moment and the BBC can be superb in their global coverage of things… but in this case it seems they’re being very dishonest. The BBC are not giving their viewers the full story. Instead they are choosing to spread more doom and gloom from an organisation that also seems like it wants to continuously punish Brexit Britain.

“As our great British Broadcasting Corporation, the BBC should be first to celebrate the UK being the fastest growing economy in the G7 this year! Instead they ignore it and run with pie in the sky predictions that history tells us will be incorrect. Shame on the BBC.”

Source: Facts4EU – click here for the full report

2 COMMENTS

  1. Mental health is increasingly mentioned as a UK issue .
    Surely constant BBC / media obsession with negativity is partly responsible ?
    Let’s see viewing figures on a regular basis. The silent majority have had enough!
    As a nation we want to enjoy positivity humour . Gouda news.

  2. This is great news. This is confirmed by Paul Dales, chief UK economist at Capital Economics: The only reason why the GDP growth figures made it look like it outperformed in 2022 was because it underperformed so much in 2020!

LEAVE A REPLY

Please enter your comment!
Please enter your name here