GDP Would Need to Collapse 5% in Next 12 Months to Meet Osborne’s Treasury Predictions

Worth reading the new growth figures in the context of the Treasury’s pre-referendum projections. HMT warned that in the two years following a Leave vote, the UK would enter recession with GDP falling by between 3.6% and 6%.

There has been growth in each quarter following the vote to leave: 0.6% in Q3 2016, 0.6% in Q4 2016, 0.2% in Q1 2017 and 0.3% in Q2 2017. That means to meet Project Fear’s two-year prediction, GDP has to fall by over 5% in the next 12 months. Let’s see…


Euro News



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Tobias Ellwood tells LBC…

“So Jeremy Corbyn will meet with Hamas, Hezbollah and the IRA with no preconditions, but won’t meet the British Prime Minister without her agreeing to his precondition.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.