Brexit U-turns: who is rowing back on their Project Fear warnings?

In the run-up to the referendum, we were warned Brexit would unleash misery. George Osborne suggested a vote for Brexit would lead to a DIY recession. And numerous business bosses and the great and the good piled in to add their warnings to the doom-mongering. Yet in the weeks since the referendum, their predictions of chaos have not come true. What’s more, many of those shouting the loudest about the consequence of Brexit are now furiously rowing back on their warnings. Here, The Spectator compiles the Brexit u-turns and referendum backtracking:

In the aftermath of the vote, many major banks and financial institutions continued to warn that Brexit spelt bad news for the economy. Credit Suisse were among them; in a Treasury report in August, they predicted the UK’s economy would go into recession next year. Now, just weeks later, they’ve cancelled that forecast to suggest instead that the economy would grow by 0.5 per cent next year.