Pro-Brexit Economists Sense Vindication as U.K. Shows Resilience
- Data this week show retail sales surged in month after vote
- ONS chief statistician says still too early to judge impact
Brexit Effect Missing So Far From U.K. Economic Data
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Pro-Brexit economists smell vindication, not fear.
With consumers on their biggest summer spending spree in 14 years after Britain’s vote to quit the European Union, “Leave” backers Patrick Minford and Ruth Lea see reasons to be cheerful. For them, bumper retail sales figures this week and a report showing the labor market remained resilient provide initial evidence that the economy can defy gloomy pre-vote predictions.