Bank of England Rubbish Osborne’s Brexit Fibs

osborne balls

George Osborne’s claims that voting to Leave would cause interest rates to rise and a year-long recession have been demolished by the Bank of England. Osborne’s Treasury forecast of the two years following a Leave vote predicted GDP at between -3% and -6%. Today’s Bank of England numbers forecast GDP unchanged at 2% for 2016, dropping to 0.8% in 2017 and rising again to 1.8% in 2018. They have cut interest rates and said there will be no recession.

Osborne also claimed unemployment would rise 2.4 points to 7.3%. The Bank of England forecasts an unemployment rate of 5.6%. This is what the Treasury was threatening:

osbo

The Bank of England now say this was all nonsense. Final proof the Remain campaign were fibbing all the way to the ballot box…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former public schoolboy Chuka Umunna told the  ‘Exit From Brexit Dinner’…

“Remainians, Remoaners, I don’t care what the label is, I’m proud. It’s fashionable to label everyone in this room as the liberal metropolitan elite . . . This caricature is promoted by a bunch of former public schoolboys!” 

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sunday Show Highlights Sunday Show Highlights
Dover Traffic at Record Levels Dover Traffic at Record Levels
Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas
EU Propaganda Service Chooses Soubry’s Constituency For New Base EU Propaganda Service Chooses Soubry’s Constituency For New Base
#DespiteBrexit Double Whammy #DespiteBrexit Double Whammy
Blair Lies About NHS Brexodus Blair Lies About NHS Brexodus
U-Strip: Meet UKIP Leader’s New Girlfriend U-Strip: Meet UKIP Leader’s New Girlfriend
LISTEN: Blair Doesn’t Rule Out Third Referendum LISTEN: Blair Doesn’t Rule Out Third Referendum
Priti Asks Electoral Commission to Investigate Remain Campaign Priti Asks Electoral Commission to Investigate Remain Campaign
2017: The Year the Experts Were Confounded 2017: The Year the Experts Were Confounded
10 Bonkers Things Adonis Said About Brexit 10 Bonkers Things Adonis Said About Brexit
Barmy Adonis: Farage is PM Barmy Adonis: Farage is PM
Remain Campaigns Coordinated Spending Remain Campaigns Coordinated Spending
Remain Donors Funnelled £1 Million to New Campaigns Set Up in Weeks Before Referendum Remain Donors Funnelled £1 Million to New Campaigns Set Up in Weeks Before Referendum
Remain Groups Shared Data, Suppliers and Campaign Materials Remain Groups Shared Data, Suppliers and Campaign Materials
Remain Campaign Flouted Rules to Spend Double Legal Limit Remain Campaign Flouted Rules to Spend Double Legal Limit
UK Best Country for Business #DespiteBrexit UK Best Country for Business #DespiteBrexit
Report: No Significant Russian Activity in Referendum Report: No Significant Russian Activity in Referendum
LibDems and Open Britain Fined For Referendum Spending Breaches LibDems and Open Britain Fined For Referendum Spending Breaches
UnFacts: Pro-Remain “Fact-Based” Website Keeps Getting It Wrong UnFacts: Pro-Remain “Fact-Based” Website Keeps Getting It Wrong