IMF U-Turn: Britain Will Be Fastest Growing Major Economy This Year

imf-legarde

The IMF, which claimed before the referendum that a Leave vote would cause a recession, have revised their forecasts to now predict Britain will be the fastest growing economy in the G7 this year. Before the referendum Lagarde also warned share prices would crash. Today the FTSE 100 rose above its all-time closing high, at one point trading at 7,104.

This is how the Remain elements of the media are reporting the news:

Quite something.




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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