Unemployment Falls #DespiteBrexit

despite-brexit

In May the Treasury told voters unemployment would rise immediately after a Leave vote:

screen-shot-2016-11-16-at-09-37-07

“a vote to leave would represent an immediate and profound shock to our economy. That shock would push our economy into a recession and lead to an increase in unemployment of around 500,000

Today’s ONS figures show unemployment fell by 37,000 in the three months to September. The unemployment rate has fallen from 4.9% to 4.8%. We now have the highest employment rate on record. Remainers will spin that Brexit hasn’t happened yet, but the Treasury forecast was for the immediate aftermath of a vote to leave…




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Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

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