Payrolled employees up by 2.3m since Referendum, median wages up by 41%

Latest analysis by Facts4EU.Org think-tank shows Brexit IS working, despite Cameron's threats

Montage © Facts4EU.Org 2024

We ask: “What happened to the ‘economic Armageddon’ you threatened, Lord Cameron?”

Today’s report from the Facts4EU.Org think-tank shows how payrolled employment has risen and how median wages have also climbed since the UK voted to leave the European Union. The analysis is based on the latest data available from HMRC.

Given that the British people were threatened with an economic catastrophe if they voted to leave the EU, our report demonstrates just how wrong the Cameron-Osborne government – and all major institutions – were, back in May-June 2016.

Brexit Facts4EU.Org Summary

Payrolled employment and median earnings June 2016 – Dec 2023

2.3m increase in people in payrolled employment since the EU Referendum
41% increase in median monthly wages since the EU Referendum

[Sources : HMRC and the ONS, 16 Jan 2024.]

What happened to the economic Armageddon threatened by Messrs Cameron and Osborne?

(And all national and international economic bodies.)

Facts4EU.Org presents the facts.

The Rt Hon Sir John Redwood, MP for Wokingham, MP commented on our report

"Great news.
Once again Facts4EU brings us good news. Since Brexit the UK has created many new jobs and pay has risen. The Remain establishment warned of mass unemployment and lower pay. As some of us said at the time, they would be wrong.
There are plenty more Brexit benefits to come if government will use our new freedoms well.
- The Rt Hon Sir John Redwood, MP for Wokingham, commenting to Facts4EU.Org and CIBUK.Org, 21 Jan 2024

1. Payrolled employment

Early estimates for December 2023 indicate that the number of payrolled employees rose by 1.0% compared with December 2022, a rise of 306,000 employees. That’s over 300,000 extra people paying PAYE in the last 12 months alone.

Since the EU Referendum in June 2016 the number of payrolled employees has increased by 2,293,991. That’s a rise of 8.2%.

2. Median monthly wages

Early estimates for December 2023 indicate that median monthly pay increased by 6.6% compared with December 2022.

Annual growth in median pay in December 2023 was highest in the transportation and storage sector, with an increase of 9.7%, and lowest in the professional, scientific and technical sector, with an increase of 4.2%.

Since the EU Referendum median monthly earnings have increased by £677 per month. That’s a rise of 40.9%.

Observations

Unfortunately it remains the case that neither Lord Cameron, nor George Osborne, nor any of the many national and international institutions who threatened the British people with economic Armageddon if they voted to leave the EU have ever apologised for their completely erroneous statements.

This criticism must also be aimed at all the Labour, LibDem, and SNP politicians – including Sir Keir Starmer and his Shadow Cabinet - who repeated the claims and who could not have worked harder to overturn the largest democratic vote in United Kingdom history.

Our analysis of the latest HMRC data proves conclusively that not only were those people hopelessly wrong, they were wrong on an epic scale.

Economic conditions globally are currently very difficult, particularly with the Houthi attacks on shipping in the Gulf, but our report clearly shows that Brexit Britain has withstood all the slings and arrows and is doing far better than ‘the Establishment’ threatened.

We continue to await apologies from all the guilty parties.

More Brexit good news from the Facts4EU.Org team.

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? It's quick and easy, we give you a choice of two highly secure payment providers, and we do NOT ask you for further support if you pay once. We just hope 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? 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 by clicking on 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 48 hours. Thank you.

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

Brexit Facts4EU.Org, Sun 21 Jan 2024

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!

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

Monthly

From £3 per month

Paypal Users Only - Choose amount first

Quick One-off

Monthly

PLEASE NOTE IF YOU WOULD LIKE TO COMMENT : You can write your comment under any existing comments below. After you have clicked to preview your comment, you MUST then click on the CAPTCHA system and send you comment, for it to be published. Thank you!

Reader Comments 6

1. terence patrick hewett , Sunday, January 21, 2024, 06:36:

The rate of the current political re-alignment will only become apparent at the General Election: and the process could become extremely incendiary. Any society which attempts to absorb low-level alien cultures at the rate we have, seldom escapes social unrest.

2. Northern Muppet , Sunday, January 21, 2024, 16:34:

I think you only need to scratch the surface, and what might appear to be good news is not really so bright!
.
We still have circa 5 million people of working age who are economically inactive - I think that the only thing that has changed much since back then will be a large covid-response led increase! The additional number of employees - I would wager - is down to IR35 and astonishing levels of immigration. Both of which have been caused by this abject failure of a tory government.
.
As John Redwood (and other esteemed correspondents here) has pointed out, we would be in a much, much better place if we'd had a government that had the courage and desire to act like an independent nation!!
.
Come the next election, Fishy Rishi and his socialist band will be toast, and this will largely be the reason!

3. jon iivesey , Sunday, January 21, 2024, 21:17:

2. Northern Muppet , "We still have circa 5 million people of working age who are economically inactive" You are missing the point badly by confusing level with rate. An increase is an increase, even if you don't like where you started. Five million "economically inactive" does not contradict an increase of 2.3 million employees. In fact, it has almost nothing to do with it. They are completely different numbers. One tells you where you are, and the other tells you how much things have changed, and in which direction.
Remainer fear-mongering was mostly about rates. We we going to *lose* three million jobs - meaning from wherever we were at that time. We were going to have a seven percent recession - meaning that contraction of the GDP from whatever level it was then. Trade was going to "collapse" meaning from whatever its level was then.
This fear-mongering was all about rates. It was about change from where we were, always negative changes and always hysterical predicti9ons, none of which have happened.
By European standards we actually have *more* people in employment compared to the total population than the EU does. For example, we have between one and two million more people in employment than does France, with an almost identical population.
Six years on, and we are still dealing with the same "points" that are not points at all.

4. Northern Muppet , Sunday, January 21, 2024, 22:46:

Jon, I think you're missing my point badly.
.
A half-decent, Conservative government would be working with policies that would get the work-shy to fill the jobs that are needed in the growing economy - not importing a net 750k people each year.
.
I'm not entirely bothered to compare us with other EU countries - on any metric!

5. Jackie , Monday, January 22, 2024, 02:46:

Call me Dave has admitted investment in the UK has been very good since we left the EU but obviously wouldn't admit to all his doom laden predictions being totally wrong . Why is he back ? thought he left to look for the elusive cliff edge .

6. hans christian iversen , Friday, January 26, 2024, 18:56:

this is such a distortion of the facts the SME sector in the UK has lost out completely in the access to the single biggest free trade market in the world because we left the SU on the wrong terms and all the frre trade deals were promised with the biggest markets in the world like the US and India have been promised but not materialist

Add comment:

Please note: Your email address is never published unless you choose to enter it.