The REAL economics of Brexit Britain part 2. Employment and Unemployment

[Branton Red]

Remember back in 2016 being told that leaving the EU would seriously damage UK trade competitiveness, causing exports to fall (see part 1) and businesses to close or lay off staff?

i.e. Remember being told Brexit would cause large scale unemployment?

Here's the economic reality www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment/timeseries/mgsx/lms

The unemployment rate has fallen since the Brexit vote from 4.9% to 3.8%.

Note also the massive increase in unemployment from the point of us joining Europe back on 1st January 1973.

Before 2022 an unemployment rate as low as today's hasn't been recorded in the UK since 1974 - 49 years ago.

In addition there are currently more people in employment in the UK than at any point in history.

The data appears to be conclusive - being outside of the EU is advantageous for UK employment prospects.