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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Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”

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