Changes

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> The British finance ministry admitted the same in January 2018.<ref>[http://www.breitbart.com/london/2018/01/26/reuters-treasury-says-pre-referendum-brexit-economy-forecasts-no-longer-valid/ Reuters: Treasury Says Pre-Referendum ‘Project Fear’ Forecasts No Longer Valid]. ''Breitbart News''. January 26, 2018. Retrieved January 26, 2018.</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> Employment also rose.<ref>[http://www.breitbart.com/london/2018/01/24/reuters-uk-employment-surges-record-high-wages-increase/ REUTERS: UK Employment Surges to Record High, Wages Increase]. ''Breitbart News''. January 24, 2018. Retrieved January 24, 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> The British finance ministry admitted the same in January 2018.<ref>[http://www.breitbart.com/london/2018/01/26/reuters-treasury-says-pre-referendum-brexit-economy-forecasts-no-longer-valid/ Reuters: Treasury Says Pre-Referendum ‘Project Fear’ Forecasts No Longer Valid]. ''Breitbart News''. January 26, 2018. Retrieved January 26, 2018.</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> Employment also rose.<ref>[http://www.breitbart.com/london/2018/01/24/reuters-uk-employment-surges-record-high-wages-increase/ REUTERS: UK Employment Surges to Record High, Wages Increase]. ''Breitbart News''. January 24, 2018. Retrieved January 24, 2018.</ref> By 2018, British export levels reached the highest level since 2010.<ref>Montgomery, Jack (March 8, 2018). [http://www.breitbart.com/london/2018/03/08/british-exports-strongest-since-2010-pre-referendum-recession-threats/ Brexit Boom: British Exports Strongest Since 2010, Defying Pre-Referendum Recession Threats]. ''Breitbart News''. Retrieved March 8, 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> However, former prime minister [[David Cameron]], who supported the "Remain" campaign, admitted in January 2018 that Brexit "turned out less badly than we first thought" despite continuing to voice displeasure about it.<ref>Lane, Oliver JJ (January 24, 2018). [http://www.breitbart.com/london/2018/01/24/david-cameron-davos-brexit-turned-less-badly-first-thought/ David Cameron at Davos: ‘Brexit Has Turned Out Less Badly Than We First Thought’]. ''Breitbart News''. Retrieved January 24, 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> However, former prime minister [[David Cameron]], who supported the "Remain" campaign, admitted in January 2018 that Brexit "turned out less badly than we first thought" despite continuing to voice displeasure about it.<ref>Lane, Oliver JJ (January 24, 2018). [http://www.breitbart.com/london/2018/01/24/david-cameron-davos-brexit-turned-less-badly-first-thought/ David Cameron at Davos: ‘Brexit Has Turned Out Less Badly Than We First Thought’]. ''Breitbart News''. Retrieved January 24, 2018.</ref>