We have become used to the mainstream media and various “independent experts” claiming that Brexit has been an economic disaster for the UK.
Recent ONS GDP revisions have rather stymied that argument, as I outline here. Indeed, the UK’s economic performance has actually been stronger than presented. In particular, as I have written, UK exports have reached record levels in value terms and are performing in line with historic trend (in goods) and above historic trend (in services) in volume terms. Contrary to the mainstream narrative, UK performance is broadly comparable to the performance of other G7 nations.
Catherine McBride of the IEA also recently published on UK export performance since Brexit in her report “Has Brexit Really Harmed UK Trade? Countering the Office for Budget Responsibility’s claims”.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
