Brits love to think they're superior to America. Here's what's ACTUALLY happening to the UK economy:-It would rank last among ALL 50 US states in GDP per capita-Its Government is raising household taxes faster than any country-It just got overtaken in stock market value by TAIWAN, a country 1/3 its sizeThe very definiton of Europoor.
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This morning you are hearing media cries of "Q1 GDP Falls!" They are obviously gleeful and looking for any reason to smear the Trump economy, but what's behind the supposed economic slowdown? Yes, GDP is down 0.3% this quarter but... - This is largely driven by an increase of imports ( 43%) as companies looked to get ahead of tariffs. **Increase tariffs equals a drop in GDP** - However Government spending is down (-5.1%) which also detracts from GDP, but doesn't reflect poor economic conditions.
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