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Sustainable Economy > Published by Will Straw, August 23rd 2011 at 8:36 am

Britain at bottom of growth league table

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The Daily Telegraph’s Business section leads with news that the UK is growing at the “weakest rate of leading nations” as figures from the OECD show that the US, France, Germany, Italy, and Canada have all grown more quickly over the last year. But the picture is even worse as Britain is growing more slowly than every other EU country bar Portugal.

The Telegraph reports that:

“Growth in the UK in the 12 months to June was just 0.7pc, weaker than any of the other OECD “major seven” nations except Japan, which contracted 0.9pc as it contended with the aftermath of the earthquake and tsunami.

The OECD found that over the last year, GDP increased by 1.6 per cent across the 34 rich world countries monitored by the organisation. The rate is more than twice that of the UK.

But analysis from the House of Commons library released last week shows that the picture is even worse. Over the last nine months Britain has grown by just 0.2 per cent – slower than every European country for which data is available aside from Portugal, which faces a sovereign debt crisis. The average of the EU’s 27 countries is 1.2 per cent.

Figures for Ireland and Greece are yet to be released and may show a worse performance over the last nine months than the UK.

  • http://twitter.com/jasontipple/status/105906736455614464 Jason Tipple

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  • http://twitter.com/mickmcb1/status/105907143475068928 michael mcbrearty

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  • http://twitter.com/creativecrip/status/105907526947717120 TheCreativeCrip

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  • http://twitter.com/woodyk35/status/105907821643702272 Kay Wood

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  • http://twitter.com/saggydaddy/status/105908415334850560 Saggydaddy

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  • http://twitter.com/benpbradshaw/status/105911974369570816 Ben Bradshaw

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  • http://twitter.com/politicalplanet/status/105912317086138368 Political Planet

    Britain at bottom of growth league table: Britain is growing at the weakest rate of competitor nations. Only Jap… http://t.co/DodmgEE

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  • http://twitter.com/iantn84/status/105915683132538880 Ian Newbury

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  • http://twitter.com/rickmuir1/status/105915842428018688 Rick Muir

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  • http://twitter.com/therightarticle/status/105918097793368064 Michael

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  • http://twitter.com/symlcraig/status/105920583455358976 Craig Roberts

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  • http://twitter.com/dogcatchicken/status/105923956246200320 Tim

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  • http://twitter.com/apertureimage/status/105928034661576704 Chris

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  • http://twitter.com/behavioura/status/105931358962065408 Jane Cross

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  • http://twitter.com/mynameisbainsy/status/105932905385168897 Chris Dodd

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  • http://twitter.com/valueaddedvis/status/105935429823508480 Martin J Robson

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  • http://twitter.com/not_a_subject/status/105943461353631745 Jon Bowditch

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  • http://twitter.com/redjolly1/status/105945806007308288 Debbie Jolly

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  • http://twitter.com/swampeydonky/status/105976495691931649 Glen Davies

    Well done George Osborne, Britain now has lower growth than all countries of Europe except Portugal http://t.co/MhVdPGS #Labour #Condem

  • http://order-order.com/2011/08/23/evidence-based-blogging-flat-taxers-lead-growth-chart/ Evidence Based Blogging: Flat Taxers Lead Growth Chart – Guy Fawkes’ blog

    [...] chance to kick Osborne that they leave them flanks vulnerable. Their graph showing Britain’s tragically anaemic growth while tragic has unintended consequences for the tax and spenders. Have a look at the three [...]

  • http://twitter.com/jules141/status/105993543557971968 Julian Wright

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  • http://twitter.com/redjolly1/status/106017892553850880 Debbie Jolly

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  • http://twitter.com/stefanlaity/status/106021981421449216 Stefan Laity

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  • http://twitter.com/martinmorgan31/status/106037223186640897 Martin Morgan

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  • http://www.leftfootforward.org/2011/08/flat-taxes-do-not-deliver-growth/ Flat taxes do not deliver growth | Left Foot Forward

    [...] comfort zone to offer an economic theory based on three data points. In response to blogs from myself and Labour List about Britain’s slow growth performance, the normally sharp blogger implied [...]

  • http://twitter.com/itsmotherswork/status/106045571646750720 Itsmotherswork

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  • http://twitter.com/cllrkrichards/status/106116763787345920 Kevin Richards

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  • http://twitter.com/csignals/status/106124512441012224 csignals

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  • http://twitter.com/janebryngwyn/status/106270666143182848 Jane Davidson

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  • http://www.leftfootforward.org/2011/08/how-likely-is-10-per-cent-unemployment/ How likely is 10% unemployment? | Left Foot Forward

    [...] effect on the labour market of the UK suffering the lowest growth rate in the OECD is highlighted by the recent Quarterly CIPD/KPMG survey. It is now forecasting a labour market [...]