Another day, another piece of embarrassing data for those who predicted that the Brexit vote would trigger an immediate recession. Their foundation was based on the belief that confidence would plunge. As things turn out the Deloitte Consumer tracker has hit an all-time high. It has only been running for five years, so the real story could be even more impressive. And while George Osborne was talking about half a million jobs going as a result of the Brexit vote, the Deloitte survey found a strong increase in confidence of job security, up from -10 per cent to -4 per cent.
Source: Deloitte
And how does this compare with what was being said about consumer confidence before the vote?
An HM Treasury report claimed that a vote to leave the EU would ‘lead to a sharp further increase in uncertainty and instability, and have negative effects on investment as well as business and consumer confidence.
Britain’s best politics newsletters
You get two free articles each week when you sign up to The Spectator’s emails.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in