PwC’s ‘Serious Economic Shock’ Turns Into Brexit Boom

Before the referendum the EU-funded PricewaterhouseCoopers wrote the infamous CBI report claiming Brexit would cause a “serious economic shock”, costing £100 billion and 1 million jobs. Today they have performed a screeching u-turn, now claiming Brexit will lead Britain into an economic boom. In March last year, PwC thought a Leave vote would cause a drop in UK living standards, GDP and employment and warned GDP growth “could be seriously reduced — and possibly be as low as zero in 2017 or 2018.” Today, PwC are forecasting the opposite: they now think Britain will enjoy GDP growth faster than any other major advanced economy in the world over the next three decades. They say GDP growth will outstrip the US, Canada, France and Germany with average annual rate of 1.9%.

Very expensive experts wrong again…




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IDS responds to Juncker’s pints analogy earlier:

“Mr Juncker knows a little bit more about the bar than perhaps many of us do.”

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