Andrea Leadsom, Digby Jones, Douglas Carswell and many other Brexiteers told us that Brexit would have either no effect at all or just a tiny one. These people are not very bright. Today Markit confirmed the July Purchasing Manager's Index figure for the UK fell from 52.3 in June to 47.4 in July - the largest fall in the index since records started in 1998.
See the BBC (HERE) and Reuters (HERE). Even the Telegraph is now carrying a headline on their live business blog; Brexit fall out, Bank rate cut foregone conclusion after UK business activity shows biggest fall ever.
It looks like the experts and the remain campaign have been vindicated. Meanwhile to add insult to injury figures on the EU show business growth picked up (HERE) with Germany leading the way. They apparently are not worried about Brexit. Soon, Boris will not be able to tell us that Antarctica is the only continent growing more slowly that Europe.
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