OBR Debunks Remain Predictions on Growth, Unemployment

obr

Worth pointing out that yesterday’s OBR forecast comprehensively debunked several of the key claims made by the Remain campaign. During the referendum Osborne and the Treasury told voters 500,000 jobs would be lost in the aftermath of the Brexit vote. The OBR’s numbers are hugely more optimistic, they say unemployment will only go up by 100,000 by 2020 and that employment will rise too: 500,000 more jobs will be created. During the referendum the Treasury forecast a Leave vote to cause growth to plummet to -0.2% in 2017, and there to be a recession. The forecast is now +1.4% and no recession. What’s more, Project Fear’s threats that Brexit would cause permanently lower growth have been rubbished – the rate of growth will return to the long run average by 2019 say the OBR. Remember this when Remainers claim they told you so…




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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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