Brexit Britain gets an end-of-year boost: Borrowing falls to its lowest level since before the financial crisis while growth forecasts go up
Bank of England report finds strong consumer spending and boost in tourism
Underlines resilience of UK plc following the historic Brexit vote in referendum
But also highlights concerns about looming inflation after fall in sterling value
By James Tapsfield, Political Editor For Mailonline
22 December 2016
The economy is ending 2016 on a high following the Brexit vote, experts said yesterday.
The Treasury, Bank of England and Confederation of British Industry had warned that leaving the EU would trigger economic disaster.
But all three have conceded the UK was prospering after the June referendum, thanks partly to the slump in the pound.
In a further boost, figures yesterday showed official borrowing has fallen to its lowest level since before the financial crisis.
John Longworth, co-chairman of Leave Means Leave, said: ‘It is about time the Bank of England, CBI and others acknowledged they were wrong and set about talking up Britain and our bright economic future.’
Read more: http://www.dailymail.co.uk/news/article-4055350/UK-plc-performing-businesses-investing-tourist-spending-surges-Bank-England-report-finds.html#ixzz4TZuiZz2l
