Former Conservative Treasury Minister Lord O’Neill now admits that the economic outlook for Brexit Britain is much brighter than many suggested.
O’Neill has told the BBC that: “I certainly wouldn’t have thought the UK economy would be as robust as it currently seems,” with even the Beeb going with the headline: “UK growth upgrade could dwarf Brexit hit”.
Even taking a highly pessimistic view on Brexit, he says: “Now, my own view is if we go for a really hard Brexit or a no-deal Brexit, we’ll probably suffer more than that 3%.
“But if it is only 3%, what’s going on with the rest of the world – helping us – and with productivity improving, that will easily dwarf a 3% hit over 13 years, easily.”
So there we are: no recession, no punishment budget and even those who campaigned against Brexit and remain sceptical more positive in outlook as the days roll on. Project Fear truly busted…