UK on course to become Europe's largest economy


#1

independent.co.uk/news/uk/home-news/uk-on-course-to-become-europes-largest-economy-9025856.html

**UK on course to become Europe’s largest economy

The UK is on course to become Europe’s largest economy within two decades, overtaking France and Germany, according to a new report.

The think tank Centre for Economics and Business Research (CEBR) predicts the UK’s GDP will first move to fifth place ahead of France by 2018 before leapfrogging Germany around 2030.

However, despite being forecast to be the second most successful of the Western economies after the US, it will fall behind the accelerating economies of India and Brazil.**

This study is essentially a slightly more EUsceptic rehash of projections made by the EU Commission itself back at the start of December that the UK is expected to become its largest economy by 2030, outstripping France and Germany. If this comes to fruition, it will have massive repercussions although largely positive ones I would imagine for the US, which desires its strongest ally the UK to, as Obama said only last year “be at the heart” of a united Europe, for America’s own strategic benefit:

telegraph.co.uk/finance/comment/jeremy-warner/11283803/UK-population-boom-could-make-it-EUs-top-economy.html

First the good, and somewhat surprising, news; according to new projections by the European Commission, Britain will be Europe’s biggest economy by some distance within 45 years, with France in second position and Germany pushed back into third place.

And now for the bad news, depending on your point of view; this position will have been largely won on the back of population growth.

The postulated switch in positions is deemed likely in part because of Britain’s higher fertility rate – we have more babies per head of population than much of the rest of Europe. In terms of demography, Britain is already a younger country than Germany…

Even so, these are startling projections, with profound implications, both for domestic policy and for the geopolitical make-up of Europe. If they are even halfway true, it is clear that neither Britain nor Europe are remotely prepared for what’s coming. In order to cope, the UK would have to invest massively in new housing, schools, hospitals and other public services.

The centre of gravity in Europe would also shift decisively away from Germany to Britain, transforming the UK’s position in the EU and her relationship with the rest of the world. Other members of the European Union would find it more difficult to “gang up” on the UK, which would naturally assume the position of disproportionate influence now occupied by Germany.

To me it is clear that the UK’s future, or best future, would be for the current trends to continue and for Britain to become the largest economy at the heart of a greatly reformed but united and strong EU, albeit with the leading nation (the UK) having hard power and a strong military (not to mention its nuclear weapons capacity) on top of Germany’s current soft power, which I think would better for the European Union as a whole in security terms given that other than NATO the EU itself lacks a single pan-European security architecture.

I think this would be good for the Atlantic community of democracies, the West, as a whole, as the UK is the most ‘Atlanticist’ (ie closest partner of the US) in Europe. As an example the UK is the EU nation pushing the most for the projected free-trade agreement with the US which is presently being negotiated:

en.wikipedia.org/wiki/Transatlantic_Trade_and_Investment_Partnership

The Transatlantic Trade and Investment Partnership (TTIP) is a proposed free trade agreement between the European Union (EU) and the United States of America (USA). Proponents say the agreement would result in multilateral economic growth,[1] while critics say it would increase corporate power and make it more difficult for governments to regulate markets for public benefit.[2] The American government considers the TTIP a companion agreement to the Trans-Pacific Partnership.[3] After a proposed draft was leaked in March 2014,[4] the European Commission launched a public consultation on a limited set of clauses.

The agreement could be finalised by the end of 2014


#2

I doubt UK will overcome Germany.


#3

Wouldn’t it be interesting if Germany and France started campaigns to bring new British citizens to their shores? Good jobs, good housing, good services, etc, to any Brit who wants a job and to increase the French or German GNP?


#4

The centre of gravity in Europe would also shift decisively away from Germany to Britain, transforming the UK’s position in the EU and her relationship with the rest of the world

Unless UK exits EU and/or Scotland secedes. Both events are highly probable.

we have more babies per head of population than much of the rest of Europe.

You have more Muslim babies (TFR=3.0 vs. 1.8 for native women). Muslim children account for 10% of all 5-year-olds and younger. Straightforward extrapolation points at 50% Muslim population by 2050. While this is probably an exaggeration, some 20-30% is definitely possible in this timeframe – at which point there will be attempts to institute sharia law country-wide.

TTIP is fundamentally undemocratic and evil.


#5

Of course we will.

:smiley:


#6

Not a fan of the UK historically and I don’t have any affinity to their culture either. France is declining but I have trouble seeing them overtaking Germany.


#7

A lot can happen in 45 years -

Set 1

1914 World War I

1929 The Great Depression

1945 World War II

1953 Korean War

1959 Space Race begins.

Set 2

1945 World War II ends

Cold War Starts

1953 Korean War

1962 Cuba Crisis

1963 Vietnam War

1969 Land on the Moon.

1973 Vietnam War ends

3 Indo-Pakistan Wars

3 Israel - Arab Wars

1989 The Wall comes down

Sir John Hacket in his work of fiction “The Third World War” (which was a long way off in his proposed scenario at the end of the book), gave an example of a young German who was born in the late 19th Century. For our purposes we’ll make it 1900.

The young German as a child would have seen the self confidence of colonial Europe, but most people would have walked or travelled on horseback. Then he may well have fought in World War I. By the time it was over, Germany was in economic ruins, the Tsar was dead, his Kaiser in exile, and Russia was Bolshevik.

By the time he was 42 he’d then have seen the Great Depression, the rise of Hitler, and a resurgent Germany, conquering most of Europe. Three years later Germany would be in ruins, divided along with Berlin, and the two main powers would be the USA and the USSR.

A few years later, Germany would be the economic power house of Europe, The British Empire a shadow of its former self, he would watch a man walk on the moon on a little box in the corner of his lounger room. Just about everybody drove a car, and intercontinental flight was common place. The Cold War would be in full swing, and Germany would be in danger of nuclear annihlation (hence the old joke “A tactical nuclear warhead is one which explodes in Germany”.)

He’d have seen the US lose the Vietnam War, then the Soviets forced out of Afghanistan, then Gulf War I, and numerous other wars and conflicts.

He’d have died in 2000, just nine months short of seeing 9/11, and the resurgence of Islam.

I’m always a bit sceptical when I read these economic or other predictive forecasts. Do you think anybody would have predicted the experience of our centenarian German?


#8

I thought Germany has the strongest economy in Europe. 45 years is a long way away. Anything can happen.


#9

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