Article 5W1FH Don’t get carried away with statistics: the UK still faces big economic challenges

Don’t get carried away with statistics: the UK still faces big economic challenges

by
Larry Elliott
from on (#5W1FH)

Analysis: Britain's economy collapsed by almost 10% in 2020 and has still not recovered to pre-Covid levels

Benjamin Disraeli famously warned against putting too much store in statistics, and the latest growth figures are a perfect example of why the former prime minister was right.

On the face of it, 2021 was an absolutely corking year for the economy. Britain has had some boom years in the postwar period - 1973 and 1988, for example - but the 7.5% growth last year was the fastest of the lot.

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