EU Commission: Brexit Better For Britain Than We Thought

The European Commission has been forced to scrap its gloomy UK growth forecast and revise up its estimates despite the Leave vote. City AM reports Brussels bureaucrats begrudgingly upped their prediction for 2017 UK GDP growth to 1.5% from a 1% forecast made last November. At the time EU pen-pushers said:

“Risks to the forecast have risen in recent months and are clearly tilted to the downside, including as a result of the UK ‘leave’ vote, which has raised uncertainty and can be seen as an indicator of heightened policy risks in the current volatile political environment.”

In Brussels they are eating their words…


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Quote of the Day

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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