Tag Archives: Why has the UK economy defied predictions of doom?

Why has the UK economy defied predictions of doom?

Why has the UK economy defied predictions of doom?

There was talk of a Brexit vote plunging the UK straight into recession, but the economic news is upbeat 

Bank of England
Post-referendum forecasts for 2016 had to be quickly shredded by the Bank of England. Photograph: Anthony Devlin/PA

It goes without saying that this is not what the Treasury or the Bank of England expected at the time of the EU referendum last June. At the time, there was talk of the economy plunging straight into recession.

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