Brexit Britain's economy appears to be improving, new estimates say (Image: Getty)
Brexit Britain has been handed a huge win in a humiliating blow for Remoaners. The UK has been projected to hit one percent growth by the end of the year, knocking out the competition, a leading economist has said.
The estimate has been lauded by Brexiteers as a positive sign for Britain's exit from the EU. It has been forecast that inflation will recede, interest rates will fall, living standards will improve and investment will pick up.
by Taboola by Taboola
Sponsored Link Sponsored Link
Promoted Links Promoted Links
Unforgettable Gadgets
61 Shockingly Bizarre Gifts Nobody Would Think OfUnforgettable Gadgets Shop Now
Undo
The latest analysis by Dan Hanson, Bloomberg’s chief UK economist, suggests the UK economy is expected to grow one percent by the start of 2025 in a dramatic turnaround of expectations. The number could be even higher, Mr Hanson said, if the optimism created by this prompts Brits to spend some of their excess savings - meaning it could reach 1.9 percent.
Sharing the stats, GB News presenter Andrew Pierce said: "Eat your heart out Remainers."
Powered By
10
10
ShowBiz Minute: Weinstein, Pascal, 'Bridgerton’
Share
Next
Stay
Skip Ad
Stay up-to-date with the latest Politics news Join us on WhatsApp Our community members are treated to special offers, promotions, and adverts from us and our partners. You can check out at any time. More info
NEW: "The pound is the US dollar of Europe"
Global investors are changing their minds about Britain — with some predicting the pound's good run could see it hit $1.37 by the end of the year https://t.co/WguFiYM4ba pic.twitter.com/UI47S59LVz
— Bloomberg UK (@BloombergUK) March 5, 2024
Sponsored
BrunchesNCrunches
BrunchesNCrunches Learn More
This Drugstore Wrinkle Cream Sold Out At Target (In 2 Days)
Undo
by Taboola by Taboola
This rate would put the UK at the top of the G7 economies for growth. Japan and Germany are currently predicted to finish 2024 in a recession.
While Bank of America strategist Kamal Sharma predicts the pound will surge to be the equivalent of $1.37, which would be its highest level in over two years. He said two years ago there was an “existential” sterling crisis, but now predicts "the pound is the US dollar of Europe".
British Land Co. CEO Simon Carter told Bloomberg he was “cautiously optimistic”, saying the Government has “made changes” by fixing Britain’s relationship with the EU and bringing taxes down, “that’s creating a more positive backdrop for investment”.
Both party leaders are promising to focus on growth as they head into this year's election.
Growth could be further boosted by Chancellor Jeremy Hunt's Budget announced later today, which is predicted to introduce several tax cuts that will both further promote growth and prove popular with the public.
DON'T MISS
Powered by
Rishi Sunak has time on his side to save both the economy and Tories before the election
11 Comments
Spring Budget 2024: 10 major announcements from Chancellor Jeremy Hunt today
211 Comments
Book your holidays! Pound soars as UK ‘outshines rivals' and travel just got 75% cheaper
78 Comments
Fury as Andrew Bailey hands BoE staff huge pay rise despite urging wage restraint
17 Comments
'Forget tax cuts, now is the time to invest in defence'
9 Comments
DWP update for millions as key payment confirmed in new official statement
2 Comments
Spring Budget 2024 predictions: What tax cuts could Jeremy Hunt announce?
20 Comments
Jeremy Hunt in pre-election Budget tax giveaway that will leave workers ￡900 better off
524 Comments
Reform UK's Richard Tice lashes out at Budget: 'Proof you can't polish a turd!'
222 Comments
Jeremy Hunt charted in his Budget the Tories' only route to survival, says Leo McKinstry
43 Comments
Booming trade means Brexit Britain is truly global now, says Kemi Badenoch
741 Comments
House prices rise for fifth consecutive month - but not in this one area
1 Comments
Why your bills could increase ￡785 within weeks despite energy price drop
1 Comments
The Tories will deliver on the Spring Budget, Express readers can count on it
671 Comments
Spin Power Scrubber
New Cleaning Tool Breaks All Sales Records in U. S.Spin Power Scrubber Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
'Pound is Europe's US dollar!' Investors change mind and make huge Sterling prediction
510 Comments
Huge boost for Brexit Britain as pound storms ahead of nearly all global currencies
255 Comments
Best ISA, easy access, and fixed savings accounts this week paying up to 7% interest
48 Comments
Bank boosts interest rate on Cash ISA to 5.05% and earns 'excellent' rating
Comments
Eurozone nightmare with German economy in freefall - performs worst in G7 for second year
934 Comments
How Jeremy Hunt's Budget pledges stack up one year on from his first Spring Statement
7 Comments
Rishi Sunak has time on his side to save both the economy and Tories before the election
11 Comments
Spring Budget 2024: 10 major announcements from Chancellor Jeremy Hunt today
211 Comments
Book your holidays! Pound soars as UK ‘outshines rivals' and travel just got 75% cheaper
78 Comments
Fury as Andrew Bailey hands BoE staff huge pay rise despite urging wage restraint
17 Comments
'Forget tax cuts, now is the time to invest in defence'
9 Comments
DWP update for millions as key payment confirmed in new official statement
2 Comments
Spring Budget 2024 predictions: What tax cuts could Jeremy Hunt announce?
20 Comments
Jeremy Hunt in pre-election Budget tax giveaway that will leave workers ￡900 better off
524 Comments
Reform UK's Richard Tice lashes out at Budget: 'Proof you can't polish a turd!'
222 Comments
Jeremy Hunt charted in his Budget the Tories' only route to survival, says Leo McKinstry
43 Comments
Booming trade means Brexit Britain is truly global now, says Kemi Badenoch
741 Comments
House prices rise for fifth consecutive month - but not in this one area
1 Comments
Why your bills could increase ￡785 within weeks despite energy price drop
1 Comments
The Tories will deliver on the Spring Budget, Express readers can count on it
671 Comments
'Pound is Europe's US dollar!' Investors change mind and make huge Sterling prediction
510 Comments
Huge boost for Brexit Britain as pound storms ahead of nearly all global currencies
255 Comments
Best ISA, easy access, and fixed savings accounts this week paying up to 7% interest
48 Comments
Bank boosts interest rate on Cash ISA to 5.05% and earns 'excellent' rating
Comments
Eurozone nightmare with German economy in freefall - performs worst in G7 for second year
934 Comments
How Jeremy Hunt's Budget pledges stack up one year on from his first Spring Statement
7 Comments
Rishi Sunak has time on his side to save both the economy and Tories before the election
11 Comments
Spring Budget 2024: 10 major announcements from Chancellor Jeremy Hunt today
211 Comments
Book your holidays! Pound soars as UK ‘outshines rivals' and travel just got 75% cheaper
78 Comments
Fury as Andrew Bailey hands BoE staff huge pay rise despite urging wage restraint
17 Comments
'Forget tax cuts, now is the time to invest in defence'
9 Comments
DWP update for millions as key payment confirmed in new official statement
2 Comments
Spring Budget 2024 predictions: What tax cuts could Jeremy Hunt announce?
20 Comments
According to the latest reports, Hunt’s statement will be a two-percentage-point reduction in national insurance, costing about ￡10bn a year. The Spring Budget is also expected to contain a ￡5bn boost for motorists as Hunt is rumoured to be looking at continuing the freeze in fuel duty that’s been in place for several years.
However there remain issues for Britain. The UK’s productivity, which impacts its long-term potential, is a fifth weaker than in Germany, France and the US. Meanwhile average weekly earnings have improved just two percent in 14 years since 2010, adjusting for inflation.
Related articles Rachel Reeves ridiculed over boast she can 'balance the books' Budget countdown. Hunt must axe inheritance tax and one other HMRC ‘cash grab’ 'I'm a mechanic - these petrol and diesel owners can increase fuel economy' Europe switches into war economy mode over World War 3 fears German economy set for catastrophe if Donald Trump wins
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info