As a founder, my experience is that the US is a much easier place to raise capital than the UK or Europe. But your experience is going to vary based on the kind of business you are in and where your customers are located.
In Q1, the UK grew at 0.7%, which is slightly more than the expected 0.6% growth and more than the US's 0.3% growth in the same period. But it's also less than Q1 a year ago, which saw 0.9% growth in the UK. And it's nothing compared to the 5.4% growth that China claims in Q1.
These numbers are also pre-US tariffs, which hit some segments of the UK. So growth is expected to be worse in Q2.
Still, is the fact that Britain is doing well a validation of Brexit?
n0n0n4t0r•8mo ago
FirmwareBurner•8mo ago
It's in the article: "Sanjay Raja, chief U.K. economist at Deutsche Bank, said the growth uptick will likely be short-lived, especially during the second quarter when trade uncertainty will be at its peak."
OJFord•8mo ago
dathinab•8mo ago
1. due to Brexit but I think also other reasons they had face planted their economy so hard that its very normal to some some "fast growth" after fixing some of the problems
2. there had been a lot of interesting interactions between Russian Oligarch (and their Families) and the UK in the last decades. And this dynamics got affected a lot by the Russian invasion of Ukraine which probably did contribute to the economical crash, but also (indirectly) might have lead to some very wealthy Russians to decide to double down on living in the UK including wrt. spending and investment (note: I'm mainly thinking about successful business people not quite big enough to count as oligarchs and family of oligarchs, i.e. not oligarchs themself as in not people highly involved in Russian power dynamics). But I don't have enough insights about this point to be fully sure about it.
3. One option many countries have is to sacrifice the rights, health and/or future of their citizens for economic grows. E.g. by de-facto removing/reducing worker protections, consumer protections etc.. While this is rarely sustainably long term it tends to work short term and it seems to have at lest slightly happened in the UK, through to some degree in a roundabout way. It's kinda like subventions but instead of paying with money you pay with the future of the people you are supposed to protect. Through sometimes it temporary necessary to get a chance to rebuild a better future then if you hadn't done that. I'm not sure how much this directly benefits the UK but it tends to set a signal for a country to be "investor friendly" which can be beneficial.