Brexit Doomsayers Were Lying for Their Own Profit NOT the Good of the People

the EU vs. Europe

Brexit. May’s Way Is Not The Only Way

If there is anything that we have learned from the development of the British economy since the Brexit referendum is that doomsayers were wrong.

Since the Brexit vote, the UK has created 450 thousand jobs.

Unemployment stands at a 4% rate, the lowest since 1975. Labor Participation Rate is at 75%. This compares to an EU unemployment of 8.7% and 58% labor participation rate in the 28 member states.

Productivity is growing at the fastest rate in 6 years, while UK factory orders at 4-year high.

At the same time, wage growth has accelerated to two-year highs.

Inflation is above expectations, but that has nothing to do with Brexit and all to do with the Bank of England’s extremely loose monetary policy.

Additionally, GDP growth is expected to range between at 1.5% and 1.9% for 2018 and 2019, very far away from the expectations of plunging straight into recession just from a Brexit vote.

… Read More: https://www.dlacalle.com/en/brexit-mays-way-is-not-the-only-way/

Author: Poor Dick

Where liberty dwells, there is my country.

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