Fears that Britain will slide into a post-referendum recession have been allayed after a Guardian newspaper analysis showed the latest news on the economy has confounded analysts gloomy expectations, with consumer spending strong, unemployment low and the housing market holding steady.
The finding comes as a leading think tank toned down its earlier dire warnings of economic turmoil for the UK and its neighbours in the event of a leave vote.
The Paris-based Organisation for Economic Cooperation and Development said prompt action by the Bank of England to cut interest rates had cushioned the blow from Junes Brexit vote but it still believes the UK will suffer a sharp slowdown next year amid heightened uncertainty.
Meanwhile, the boss o…
Read the full article at: http://blogs.spectator.co.uk/2016/09/money-digest-60/
