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The post-referendum economy: unscathed, so far

New ONS figures tell us where we have come from—not where we are going

By George Magnus  

Laura Lean/PA Wire/PA Images

Now we know. Project Fear did live up to its name—insofar as its post-referendum economic forecasts were concerned. While the Treasury had predicted that the economy would stall, the first “hard” economic evidence published today by the Office for National Statistics shows that the economy (or GDP) rose by 0.5 per cent in the third quarter of this year, or 2 per cent annualised: 2.3 per cent higher than…

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