Four months on from Brexit, and it’s official, the UK is booming! Economy GREW by 0.5% in the three months after historic vote despite dire warnings from Project Fear
The Treasury is facing demands to disown its dire forecasts about the impact of Brexit after figures showed the UK economy forging ahead in the wake of the historic vote. GDP grew by 0.5 per cent in the three months after the nation voted to cut ties with Brussels, according to the Office for National Statistics (ONS).
The preliminary numbers exceeded the expectations of many economists, and are in stark contrast to the doom-laden ‘Project Fear’ predictions by George Osborne. An assessment produced by the Treasury during the referendum campaign suggested UK plc would shrink by up to 1 per cent.
Finland’s Alexander Stubb hardest hit…..