Real terms business investment has not fallen by 20% since Brexit - Full Fact

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A Daily Mirror article notes that during her first speech as PM, Liz Truss made “no mention of business investment being down 20% since Brexit”. While business investment has seen a real-terms decrease since 2016, it's to a much smaller extent than this.

The data in the graph came from the Office for National Statistics , and shows the amount of business investment, adjusted to remove the effect of price changes over time, and the effect of seasonal variation. For these reasons theThe graph in question showed that UK business investment at the beginning of 2022 was about 35% lower, in real terms, than where it would be, had it grown at the rate it was growing between 2010 and 2015.

Full Fact understands that the Daily Mirror said business investment had decreased by 20%, rather than 35%, in reference to the difference between investment in early 2020 and where it may have been in early 2020 if the pre-referendum trend had continued . , business investment has decreased in real terms since the EU referendum took place, but not by as much as 20%.

 

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She made 'no mention' how is that not a factual statement?

The equivalent trend figures for foreign investment (not takeovers) coming into the UK would be interesting.

'...excluding the impact of Covid-19...'

Can't remember getting richer between 2010 and 2015! The 'country' and 'business' may be doing very well while the people are not. That was full on austerity period.

Depends on the business. Anyway just stupid when people try to link everything to leaving the Union.

What about since 31st Jan 2020, which is when Brexit actually occurred?

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