The conservative emphasized that since 2008, GDP per capita growth in the UK has averaged 0.7%. annually, while Poland has recorded almost uninterrupted economic growth for three decadesexcept for a short period related to the COVID-19 pandemic.
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A British politician praises Poland. He showed specific calculations
According to Jenrick, Poland's success it is the result of the right decisions made during the political transformation: transition to a market economy, introduction of a 19% corporate income tax rate, a simplified tax system and the creation of special economic zones to attract investments.
One of the results of these activities is to be a low unemployment rate. In Poland it is about 3 percent, while in Great Britain it is 4.8 percent. Hard data is intended to confirm Jenrick's thesis that Warsaw has been consistently building a competitive advantage, while London has lost development momentum.
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The politician also cited data from the World Bank, which indicate that currently GDP per capita in Great Britain is USD 60,620, while in Poland – USD 50,378. Two decades ago, however, the difference was much greater: $39,228. vs. $13,936 — Twenty years ago, Poles with diplomas and high qualifications decided to do manual work in Great Britain because it was simply profitable, the politician recalled.
The politician spared no expense criticism towards your own country. In his opinion, British leaders “became complacent” and considered economic success to be permanent and obvious. — They indulged in comforts the country could not afford. How wrong they were, he said.
At the same time, Jenrick emphasized that Polish leaders “made reasonable decisions in the long-term interest of the country”and their determination to build a stable economic environment may bring a symbolic but significant success in the next decade: overtaking one of the largest economies in Europe.
Although the opinion of the British conservative is a political commentary, his analysis nourishes the discussion about the strength of the Polish economy and the place of Great Britain in the global economic system after Brexit.
