It is daft to focus solely on one year’s growth The usual suspects will blame Brexit, but there's little evidence for that claim The Chancellor’s vision now seems limited to redistributing the burden of corporate taxation Source- CAPX 31/01/23 Link The IMF’s relatively gloomy forecasts for the UK economy in 2023 should be taken with a fistful of salt. For a start, the organisation’s track record here is poor and some of the assumptions – especially about energy prices and interest rates – already look out of date. The differences between the numbers for the UK and our peers in the rest of Europe are also well within the usual margins of error. Admittedly, the UK is the only major economy which is forecast to be heading into a full-year recession, with GDP falling by 0.6% in 2023. But the German economy is only expected to grow by 0.1%. And it is daft to focus solely on one year’s growth, anyway. If we must play this game, perhaps we should also look at 2021 or 20...