Since joining the EEC/EU in 1973 the UK has suffered FOUR periods in recession totaling 20 quarters or 5 years of economic decline.
- Mid-1970s Recessions – 5 quarters in recession
- Early 1980s Recession – 5 quarters in recession
- Early 1990s Recession – 5 quarters in recession
- Great Recession – 5 quarters in recession
No, I don’t blame the EU for the 5 years the UK has been in recession. What this shows is the narrative that EU membership is all sunlit uplands is for the Unicorns. See FULL news story link below for more details.
Read Full News Story » Five Years of UK Recessions Since Joining the EEC/EU in 1973