Quote:
Britain is set to thrive in years to come as a boost in economic growth dwarfs the hit from Brexit, a Remain-backing former minister predicted today.
Jim O’Neill, an ex-banker who became a Treasury minister under George Osborne, admitted that dire forecasts about a Brexit crash had not come true.
And he said that even if quitting the EU reduces growth by as much as 3 per cent, that will be hugely outweighed by the effects of the booming world economy.
Lord O’Neill, a former senior executive at Goldman Sachs, backed Remain during the 2016 referendum and quit the Government shortly after Theresa May took over.
But he told the BBC today: "I certainly wouldn't have thought the UK economy would be as robust as it currently seems.
"That is because some parts of the country, led by the North West, are actually doing way better than people seem to realise or appreciate.
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So the good news way more than compenastes for any Brexit hit.
Must have stuck in his craw to have to say that.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
