Bloomberg the financial information provider has surveyed economists after the Brexit vote and found three quarters of those responding thought a recession was coming as a result of the referendum vote to leave the EU (HERE).
Mark Carney, governor of the Bank of England and George Osbourne had both predicted this in the run up to the vote but were dismissed as scaremongers by the Leave campaign. It now turns out they were not. There is surely nothing more corrosive in public life to find that those we can now see lied through their teeth throughout the campaign (and won) while those who forecast big problems ahead, including a recession, are dismissed.
A day or so ago, after the Leave side had been successful with the slogan "project fear" and airily dismissing any suggestion of a slowdown in the economy, I noted Nigel Farage saying a mild recession was "coming anyway". Something again he didn't say before the vote. He really is not very bright.
Prospering like never before.
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