Dire warnings... and reality

In May last year, the Bank of England warned a vote to leave the EU could spark a recession

In June last year, the Treasury said a Brexit vote would push unemployment up by between 520,000 and 820,00

The Treasury also said the economy would shrink for four quarters in a row

In August last year, the Bank of England predicted unemployment would hit 5.5 per cent this year

Official figures yesterday showed that the jobless rate has fallen to a 42-year low of 4.3 per cent

The number of unemployed has fallen by 175,000 in the last 12 months to 1.46million

The number in work has risen by 379,000 in the last 12 months to a record 32.1million