Brexit Boom: the Five Charts Which Show Britain Has Escaped an Economic Apocalypse

The City of London feared the referendum, and shares were hit hard by the vote – but the latest economic data is reasonably positive

by Allister Heath

Unemployment is down, prices are steady, shoppers are confident and the government ran a budget surplus in July.

The first economic data for July – the month following the Brexit referendum – was published this week, and shows no signs of an immediate economic collapse.

It is early days and a slowdown is still expected, but the data are reassuring so far.

Campaigners such as former Chancellor George Osborne warned that a vote to leave the EU would cause “a profound economic shock”, and stock markets dived following the result.

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