Friday, August 9, 2019

Shrinking Island

Quick post today. Big news today seems to be that the UK economy has shrank by 0.2% between April and June. I blame Brexit. People were so disappointed that we hadn't left that they just stopped working and putting the effort in.

Seriously though it's always hard to read these things. July was hot as hell, so it'll be interesting to see what this quarter will look like, plus we're heading into another potential leave scenario. One poor quarter we can kind of dismiss it. Two on the bounce, with Brexit on the horizon, people will be hysterical. Also it flips the narrative a bit too. So far Brexiteers like myself have been able to say "look, the economy's doing great, all the doomsayers were wrong ..the European economies however.."

That was never going to last forever though. So it will most definitely now affect the dialogue. When you make such a big song and dance about economic numbers. Whether in a positive or negative way. When the numbers flip you're always going to get a lot of detractors saying "..ha, but you were happy to use these statistics when they were in your favour."

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