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…

CBI’s Pro-EU Report By EU-Funded PWC

pwc cbi

Splashed all over the papers this morning is the CBI’s warning that Brexit would cause a “serious economic shock”, costing £100 billion and nearly 1 million jobs. The numbers come from a report by Pricewaterhouse Coopers, the big four firm that – guess what – is in the pay of Brussels. PwC state on their website that they are “proud to be associated with the EU’s key initiatives and programmes, having provided independent advice to the EU over the past decades”. Here are some of the specialist EU services offered by PWC…

pwc

How many millions has PwC made from offering its services to the EU? A huge undeclared interest in all the media coverage this morning…

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