More or Less: Behind the Stats
UK growth, prisons and Swiftonomics
May 29, 2024
Dr Madeleine Sumption from the Migration Observatory at Oxford talks about falling net migration. The podcast also debunks claims about Taylor Swift's economic impact and explores the reasons behind the rising UK prison population.
28:41
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Quick takeaways
- UK's economy growth compared to other countries may not reflect overall performance due to potential fluctuations in early estimates.
- Rising prison population in England and Wales attributed to longer sentences, prison recalls, and remand numbers, leading to capacity crisis.
Deep dives
UK's Economic Growth and Statistics
The UK's economy is reportedly growing faster than major competitors like Germany, France, and the US based on first-quarter GDP growth. However, these early estimates can change significantly and may not reflect overall economic performance. Looking at growth since 2019 reveals that the UK ranks fifth out of six G7 countries, with slow growth compared to previous decades. The UK's GDP per person could be 39% higher if growth had continued at pre-2008 levels.
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