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

Boris on being scolded at the Munich Security Conference on Friday, for using the term “liberation” to describe Britain’s exit from the EU bloc…

“Come on, I have to say, I hesitate to accuse you of pomposity, but the word liberation clearly means… it’s etymologically equivalent to being freed, and it’s an undeniable fact that we, the U.K., has been unable to do, to run its own trade policy for 44 years. I want to reclaim the English language, if I may…”

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