Brexit Britain triumph for Boris! UK economy predicted to out-perform EU in 2021 – Daily Express

In its final report of the year, the body representing the Worlds largest economies has given Boris Johnson a bumper Christmas gift by confirming the UK's place at the head of the table in terms of economic growth.Former Cabinet Minister the Rt Hon Sir John Redwood MP was upbeat about the news.

Speaking to Express.co.uk, Sir John said: "Its great news the UK grew fast in the first year of Brexit.

"We now need tax cuts and use of our new freedoms to keep faster growth going."

On Wednesday, the Paris-based Organisation for Economic Co-operation and Development (OECD) issued its 2021 report - the first year the UK has been outside of the EU.

The OECD now believes Brexit Britain will do better economically in 2021 than every other major industrialised nation in the world, including the USA. Not only that, it expects the UK to out-perform the Eurozone by a considerable margin.

The OECD expects the UKs economy to grow by 6.92 percent. By contrast it predicts a much slower growth of only 5.17 percent in the 17 Eurozone countries.

The powerhouse of the EU and the Eurozone is Germany.

When the UK was in the EU, it was the fifth-largest economy in the world but was always in second place to Germany.

In its report, the OECD predicts that the economy of Brexit Britain will grow well over twice as fast as Germany this year. Germanys growth rate is forecast at just 2.87 percent, whereas the figure for the UK is 2.4 times higher - at 6.92 percent.

When it comes to the Worlds top seven economies, the OECD once again puts the UK at the top of the table.

In the OECDs report the UK is predicted to beat them all in 2021.

The December report by the OECD released on Wednesday clearly shows that the UK is in top position amongst all the World's major economies.

The OECD expects the Eurozone to end the year on a growth rate of 5.17 percent. The United Kingdom's expected growth rate is 6.92 percent.

If the OECD is right, in its first full Brexit year the United Kingdom's economy will out-perform that of the Eurozone by more than one-third.

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Brexit Britain triumph for Boris! UK economy predicted to out-perform EU in 2021 - Daily Express