Why 'Unexpectedly'? British business is doing well

Published Jan 04, 2017

M.R._085.gifResponding to a slew of good news for British business including the latest Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) and good news both on inward investment and manufacturing growth, Mark Reckless, the UKIP Economic spokesman said,

"The manufacturing purchasing managers index hitting a two and a half year high of 56.1 today is just the latest data showing the UK economy growing strongly.

"Why do the media always preface such news with 'unexpectedly' or 'despite Brexit'?

"Most people voted Leave because they thought we would be better off out of the EU, so their confidence increased when they won the vote.

"The problem is that the Remainers who write and report on economic commentary do not understand this.

"The worst aspect of this misapprehension is that it has led the Bank of England, led with a Remainer mindset, to stoke what may be an inflationary boom with yet lower interest rates and even more quantitative easing (QE).

"It's time they woke up, understood how strong our economy is, and corrected their mistakes. We should stop QE and raise interest rates to limit inflation, rather than artificially stoke an economy that is doing well enough on its own as we leave the EU."

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