Brexit Britain defies the IMF’s anti-Brexit forecasts and is set to grow – yet again

From recession to growth in one month – IMF globalists are forced to admit reality

Montage © Facts4EU.Org 2023

From -0.3% to +0.4% growth forecast - We hate to say “We told you so”, but…

In common with all other international institutions, the International Monetary Fund (IMF) has consistently been negative about the United Kingdom’s prospects since the public voted to leave the European Union. In fact they were negative before that, but their narrative became even more damning after 2016.

Yesterday, however, the IMF was forced to concede that its forecast in April that the UK would enter a period of recession has had to be rescinded. In one month it has had to increase its forecast by 0.7%. That’s huge in terms of these forecasts.

The IMF’s statement yesterday

“This latest forecast represents a 0.7 percentage point upgrade to the IMF’s April World Economic Outlook forecast of -0.3 percent and reflects higher-than-expected resilience in both demand (stronger wage keep-up with inflation, a less contractionary fiscal stance in 2023, and improved confidence amid somewhat reduced post-Brexit uncertainty) and supply (declining energy costs and normalization of global supply chains).”

- IMF, Washington DC, 23 May 2023

Readers will note the IMF’s weak admission of “somewhat reduced post-Brexit uncertainty”.

Brexit Facts4EU.Org Summary

The IMF goes (reluctantly) bullish on Brexit Britain’s prospects

  • IMF’s forecast for UK economy, published Apr 2023 : -0.3%
  • IMF’s forecast for UK economy, published May 2023 : +0.4%

[Source : IMF - United Kingdom: Staff Concluding Statement of the 2023 Article IV Mission, 23 May 2023.]

© Brexit Facts4EU.Org 2023 - click to enlarge

'The Independence Documentary'

Together with our partners at CIBUK.Org, we've organised a TV-style documentary with a stellar line-up of well-known politicians and all kinds of interesting people, young and old, men and women, white and ethnic origin, presented by Alexandra Phillips. Alex will be known to many readers as an ex-GB News presenter and a frequent sight on everything from Question Time to Talk TV. We start filming next month, if we can get some extra funding. This is going to be big!
Please help today if you can: click here to read more

Who judges the judges?

The Facts4EU.Org team has been reviewing the forecasts of organisations such as the IMF, the OECD, the Office for Budget Responsibility (OBR), and the Treasury for seven years. They have all been hopeless. Not even close.

We are uncertain as to who these highly-paid people are and what gives them the right to pontificate on the UK’s prospects. There isn’t a word of apology in the IMF’s statement yesterday. Instead they simply said:

“Buoyed by resilient demand in the context of declining energy prices , the UK economy is expected to avoid a recession and maintain positive growth in 2023.”

- IMF, Washington DC, 23 May 2023

It has to be said that the IMF 'has form' when it comes to inaccurate forecasts

We have previously reported on the IMF's forecasts and how they have been relentlessly wrong and always pessimistic - particularly so since Brexit. Below is a chart we produced some months ago to demonstrate this.

© Brexit Facts4EU.Org 2023 - click to enlarge

Finally, here is the Rt Hon John Redwood MP talking to the Rt Hon Jacob Rees-Mogg MP yesterday


Is there trouble ahead? Of course

Naturally in their report the IMF go on to warn of all manner of calamities if the UK Government doesn’t do what they advise. If they were any good at their jobs, perhaps they might actually work in government, rather than advise from a sedentary position.

We ‘advise’ the staff working for these organisations to go out and get real jobs for a while. Jobs where you can get fired if your performance is as bad as exhibited by these global institutions. Jobs which actually generate revenue and value.

Once again Brexit Britain is outperforming all expectations. Could HMG please shout this from the rooftops? No? We thought as much.

Mr Sunak, why should we have to report this good news? Why don’t you start firing some heads of Civil Service departments who should be doing this?

Facts4EU.Org needs you today

We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.

We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? Maybe you've been thinking about it, but just haven't got around to doing it? If so, let us reassure you. It's quick and easy and we use two highly secure payment providers. And we do NOT ask you for further support if you pay once - we just hope that you keep supporting us. Your membership stays anonymous unless you tell us otherwise.

Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us?

Most of our readers are well-informed and appreciate our fact-based articles, presented in a way you won't see anywhere else. We have far more to do in researching, publishing, campaigning and lobbying Parliament than we have in terms of the financial resources to fulfil these tasks. We badly need funding to continue - we rely 100% on public contributions from readers like you.

If you believe in a fully-free, independent, and sovereign United Kingdom, please join now. It’s quick, secure, and confidential, and you can use one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 24 hours. Thank you for reading this.

[ Sources: IMF ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Wed 24 May 2023

Click here to go to our news headlines

Please scroll down to COMMENT on the above article.
And don't forget to actually post your message after you have previewed it!

Share this article on

Something to say about this? Scroll down for reader comments

Since before the EU Referendum, Brexit Facts4EU.Org
has been the most prolific researcher and publisher of Brexit facts in the world.

Supported by MPs, MEPs, & other groups, our work has impact.

We think facts matter. Please donate today, so that we can continue to ensure a clean Brexit is finally delivered.

Any credit card user

Quick One-off


From £5 - £1,000



From £3 per month

Paypal Users Only - Choose amount first

Quick One-off