Britain at bottom of growth league table

Britain is growing at the weakest rate of competitor nations. Only Japan in the G7 and Portugal in the EU are growing more slowly.

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.

44 Responses to “Britain at bottom of growth league table”

  1. Jason Tipple

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  3. Clive Burgess

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  6. TheCreativeCrip

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  7. Kay Wood

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  8. Saggydaddy

    Britain at bottom of the Growth League (via @leftfootfwd ). http://t.co/lFC0QEn That'll be all that snow and royals getting married.

  9. larryb

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  10. Shamik Das

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  11. Ben Bradshaw

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  12. 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

  13. Hitchin England

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  14. Ian Newbury

    Not in the least bit surprising that. RT "@leftfootfwd: Britain at bottom of growth league table http://t.co/6v18VUL reports @wdjstraw"

  15. Rick Muir

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  16. Michael

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  17. Thangam Debbonaire

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  18. festinagirl

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  19. Mark Casci

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  20. Craig Roberts

    "@leftfootfwd: Britain at bottom of growth league table http://t.co/UxqjIde reports @wdjstraw" come on Greece, get 'nul points'

  21. Tim

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  22. Kate!

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  23. False Economy

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  24. Itsmotherswork

    “@TheRightArticle: Britain at bottom of growth league table – http://t.co/5FyLDvU

    Ouch!

  25. Chris

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  26. Jane Cross

    Britain at bottom of growth league table http://t.co/xRxvGJm reports @wdjstraw

  27. Chris Dodd

    We're above Portugal in the growth league tables… but no one else… http://t.co/BgI8eqz

  28. Martin J Robson

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  29. Jon Bowditch

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  30. Debbie Jolly

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  31. Juan Voet

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  32. James Maddison

    RT @leftfootfwd: Britain at bottom of growth league table http://t.co/ZPcJNk7 reports @wdjstraw http://t.co/GRpU1y9 (via @shamikdas)

  33. Glen Davies

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

  34. 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 […]

  35. Julian Wright

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  36. Debbie Jolly

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  37. Stefan Laity

    Britain at bottom of growth league table | Left Foot Forward – http://t.co/NdcCHdW

  38. Martin Morgan

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  39. 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 […]

  40. Itsmotherswork

    @KP_LD @ddom2006 @aaemmerson @mynameisedd

    Figures across Europe: http://t.co/P1fcaX2

  41. Kevin Richards

    George will say we are strong, we hold everyone else above us RT @leftfootfwd: Britain at bottom of growth league table http://t.co/SNJRExp

  42. csignals

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  43. Jane Davidson

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  44. 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 […]

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