The head of the CBI, leading chief executives and other prominent economists (including, via video-link, Mark Carney) all turned up - they did so because in much the same way as their predecessors did in 2009, they can see which way the wind is blowing.
'In national interest' to support Brexit deal
But the UK is hardly an outlier. On the basis of this thought experiment, Poland would also be richer, in GDP per capita terms, than Japan, France and Italy by 2030.It rather underlines the point that while the UK's recent economic performance is certainly poor, it is far from an outlier. And that these statistical thought experiments only go so far.
Let's imagine it had matched the strongest GDP per capita growth in the group of seven industrialised economies not just for two successive years but for ten successive years.Britain has only had the strongest GDP per capita growth rate for a handful of years going back recent decades. But here's the thing: even if you extrapolated this stronger growth rate forward, things would still look a bit depressing vis-à-vis Poland.
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