Project Fear now totally exposed as economy booms
The establishment non-entities who predicted that Brexit would cause immediate harm to the economy have egg all over their faces as new data comes in and the Bank of England back tracks. Thank goodness the majority of Brits ignored these losers
Just some random front page headlines from the British press this morning:
"Economy defies Brexit doubters," Daily Telegraph.
"Britain booms after EU vote," Daily Express.
"Business as usual: Bank [of England] reports no Brexit slump," The Times.
This was inevitable after the outrageous scaremongering put about by the Remain camp.
You'll recall that one of their central arguments was that, even in the run-up to the referendum, the economy would suffer badly due to uncertainty: companies would be reluctant to hire people; consumers wold stop spending; foreign direct investment (FDI) would pause.
All garbage, now being refuted by reality as the Bank of England (BoE) says there is absolutely no sign of a Brexit slowdown, unemployment falls to an 11 year low of 4.9 percent, overall employment hits a record high of 74.4 percent of the working age population, the latest BoE survey shows consumers are calm and activity has been unaffected, the FTSE100 has surged to its highest levels since last August, and a $32 billion investment decision was announced this week by Japan's SoftBank, with much more FDI now expected due to the weaker pound and Britain's relatively better economic performance than the Eurozone.
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