Question to the HM Treasury:
To ask Her Majesty's Government, following the publication of the report HM Treasury analysis; the immediate economic impact of leaving the EU, published 23 May 2016, that stated in the executive summary, "A vote to leave would cause an immediate and profound economic shock … which would push the UK into recession and lead to a sharp rise in unemployment, by around 500,000”, what was the rate of growth for (1) 2016, and (2) 2017; and what were the corresponding changes in the employment and unemployment figures.
The rate of UK growth was 1.9% in 2016, and 1.8% in 2017.
In the year to November 2016, employment grew by 286,000 and by 415,000 in the year to November 2017. Unemployment fell by 85,000 in the year to November 2016 and by 160,000 in the year to November 2017.