Last summer, when the people of the UK voted to leave the EU in the fabled “Brexit”, the same pundits who routinely Americans for “voting against their best interests” took a time out to chide Brits for voting…against their “best interests”. The Brit economy was going to tank, returning the UK, if not to the Third World, at least into an impemetrable economic fog.
The landed punditry hasn’t been doing so well this year:
Business activity hit a 17-month high last month, meaning that the economy grew by 2.2 per cent last year — more than the six other leading nations, including the US, Germany and Japan.
Far from slowing after the referendum in June, as predicted by the Treasury and Bank of England, [and a rogue’s gallery of American pundits with portfolio – Ed.] growth appeared to have improved. GDP grew at 0.3 per cent and 0.6 per cent in the first two quarters of last year, compared with 0.6 per cent and an estimated 0.5 per cent in the final period.
On the one hand, time will tell.
On the other hand, our departing president wishes he’d had two consecutive quarters as good as that particular “failed experiment”.