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Tag Archives: Brexageddon

So much for the end-of-the-world brigade, who warned the UK economy would collapse if we chose to leave the European Union. Almost two months on from our historic Leave vote, we’re showered in encouraging economic news.

Ahead of the referendum, despite endlessly reported corporate “Brexit fears”, we now know British companies kept hiring. The UK’s employment rate reached a record 74.5pc during the three months to June, according to official data released last week. Some 31.8m people were in work – 172,000 more than the previous quarter. Unemployment fell to 4.9pc of the workforce, an 11-year low.

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It has been a month since the UK voted to leave the European Union — but something is missing. Where is the economic collapse? What of EUpocalypse Now? Where is the Brexageddon that we were promised?

To the shock of many — not least business titans who bankrolled the Remain campaign — the instant collapse doesn’t seem to be happening. The UK economy is, for now at least, taking Brexit in its stride.
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