| | Prior to the referendum, the Left and establishment claimed that approving Brexit would lead to terrible economic ruin for the UK. Pro-Brexiteers labeled this hysteria "Project Fear." Financial giants warned the British of credit downgrades. The British Pound dropped significantly as results started pouring in showing Leave doing better than expected. | | Prior to the referendum, the Left and establishment claimed that approving Brexit would lead to terrible economic ruin for the UK. Pro-Brexiteers labeled this hysteria "Project Fear." Financial giants warned the British of credit downgrades. The British Pound dropped significantly as results started pouring in showing Leave doing better than expected. |
| − | Contrary to claims by anti-Brexit activists, the British economy did well, and it even improved after the referendum. In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref> In 2017, British manufacturing grew at its fastest rate since early 2008.<ref>Deacon, Liam (January 11, 2018). [http://www.breitbart.com/london/2018/01/11/uk-manufacturing-growing-fastest-rate-decade-brexit-vote/ UK Manufacturing Growing at Fastest Rate in a Decade After Brexit Vote]. ''Breitbart News''. Retrieved January 11, 2018.</ref> | + | Contrary to claims by anti-Brexit activists, the British economy did well, and it even improved after the referendum. In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref> In 2017, British manufacturing grew at its fastest rate since early 2008.<ref>Deacon, Liam (January 11, 2018). [http://www.breitbart.com/london/2018/01/11/uk-manufacturing-growing-fastest-rate-decade-brexit-vote/ UK Manufacturing Growing at Fastest Rate in a Decade After Brexit Vote]. ''Breitbart News''. Retrieved January 11, 2018.</ref> Despite contrary claims by "Remain" campaigners, the British Pound climbed to pre-Brexit vote levels in January 2018.<ref>[http://www.breitbart.com/london/2018/01/23/sterling-climbs-1-40-new-post-brexit-vote-high/ Sterling Climbs Above $1.40 to New Post-Brexit-Vote High]. ''Breitbart News''. January 23, 2018. Retrieved January 23, 2018.</ref> |
| | Despite the economic growth, anti-Brexit activists continued to predict "doom-and-gloom" economic scenarios.<ref>Montgomery, Jack (January 11, 2018). [http://www.breitbart.com/london/2018/01/11/project-fear-redux-economy-surges-khan-predict-disaster/ Project Fear Redux: As Economy Surges, Anti-Brexit Economists Predict Disaster in Report Funded by Sadiq Khan]. ''Breitbart News''. Retrieved January 11, 2018.</ref> | | Despite the economic growth, anti-Brexit activists continued to predict "doom-and-gloom" economic scenarios.<ref>Montgomery, Jack (January 11, 2018). [http://www.breitbart.com/london/2018/01/11/project-fear-redux-economy-surges-khan-predict-disaster/ Project Fear Redux: As Economy Surges, Anti-Brexit Economists Predict Disaster in Report Funded by Sadiq Khan]. ''Breitbart News''. Retrieved January 11, 2018.</ref> |