We check facts about the UK economy. This includes money issues like prices, taxes, jobs, people out of work, and housing. We also look at how these things are different in each part of the UK.
Economy, Business & Finance
A survey claiming that Britons have spent £4 billion on Brexit stockpiling likely over-counted the amount being stockpiled. Read
Economy, Business & Finance
Average wages for GB employees grew around 2% in the last year in real terms, which isn’t the fastest in a decade. Read
This graphic comparing benefit fraud and tax fraud is wrong. It’s difficult to compare DWP and HMRC, and most of the numbers quoted are incorrect. Read
Europe
Ann Widdecombe made a claim about fishing regulation during her maiden speech at the EU parliament saying they’d reduced income by 40%. Read
Europe
A claim that a new analysis shows the UK will be £135 billion richer after Brexit is based on an old report from Economists for Free Trade. Most other economists think the UK will be worse off. Read
Economy, Business & Finance
Jeremy Hunt said since the mid-90s house prices have gone up threefold while incomes of people in their twenties has gone up 20%. That underestimates income growth. Read
Economy, Business & Finance
A TUC report found that the gig economy has doubled since 2016, but its claim that this means more UK workers are patching a living together is unproven. Read
Economy, Business & Finance
Cutting corporation tax could lead to economic growth over the long-term, but is still expected to cost more than it raises. Read
Economy, Business & Finance
The government spent £137 billion on bailing out banks during the financial crisis. Around £1 trillion worth of guarantees were provided to investors, but this does not amount to actual spending. Read
Pension systems differ a lot internationally, so it’s difficult to compare them fairly. Read
