European Commission admits in OWN report Britain will recover from Covid quicker than bloc

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European Commission admits in OWN report Britain will recover from Covid quicker than bloc

In its latest economic forecast, the European Commission said the UK is on track for a GDP increase of five percent this year and 5.3 percent in 20

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In its latest economic forecast, the European Commission said the UK is on track for a GDP increase of five percent this year and 5.3 percent in 2022. This was more promising than the recovery figures predicted for the 27-member bloc. The Commission forecast the average GDP rise across the EU to be between 4.2 percent and 4.4 percent.

The predictions will come as little surprise to many analysts months after the UK took the lead on the vaccine front.

Nearly 36 million people in Britain have been given their first dose of the jab while 18.8 million have been fully inoculated with two injections.

This equates to 27.7 percent of the UK’s population being fully vaccinated.

Across the Channel, progress is slow, with Germany being the fastest performing on the vaccine front.

However, the 8.2 million Germans fully vaccinated amounts to just 10 percent of the country’s overall population.

Britain’s vaccine success was singled out by Commission experts for praise.

In their report, the team admitted the nation’s scheme had “progressed rather quickly”.

And they also had a positive word to say about the Prime Minister’s roadmap out of the third national lockdown in England.

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On Thursday Downing Street accused the club of nations of “issuing threats at any sign of difficulties” over suggestions France plans to delay a financial services deal over fishing access.

Reports have said Paris wants to push back a post-Brexit agreement for the financial sector, as French fishermen protest over access to UK waters.

But No 10 insisted it is taking a “consistent evidence-based approach” to licensing EU vessels.

The Prime Minister’s official spokesman said: “This threat is another example of the EU issuing threats at any sign of difficulties instead of using the mechanisms of our new treaties to solve problems.

“We’ve always been clear that an agreement on financial services is in the best interests of both sides.”



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