July 12, 2017
Pro-EU diehards in Britain suffered fresh embarrassment on June 12th as unemployment fell to a 43-year low, despite high-profile official warnings that a Brexit vote would push it up by 500,000.
Claims that a Leave vote would have an immediate impact on jobs were a centrepiece of the Remain campaign’s ‘Project Fear‘ strategy, and given all the Government backing which former Prime Minister David Cameron could muster.
George Osborne, the former Chancellor of the Exchequer and Remain campaign “Scaremonger-General“, had his officials produce a report which promised that, “A vote to leave would represent an immediate and profound shock to [Britain’s] economy. That shock would push our economy into a recession and lead to an increase in unemployment of around 500,000.”
In fact, the British economy has continued to grow while unemployment has fallen, with the latest Office for National Statistics (ONS) figures showing a 43-year low of 1.49 million after a drop of 64,000 in the three months to May 2017.
This article was posted: Wednesday, July 12, 2017 at 7:07 am