Breaking the Chain

It was claimed on Twitter that the UK’s gross domestic product per person had fallen by “nearly two-thirds” since 1979.

That claim is false, and this article examines why.

Author’s calculations

A Twitter account asserted:

UK GDP Per Person (2019 Values):
1979: £89,460
40 years of selling public assets, social housing, private outsourcing later.
2019: £31,100
The neoliberal era has robbed the UK of nearly 2/3rds of it’s ability to generate income.