Bank of England increases economic growth forecast to 2%

The Bank of England has increased its economic growth forecast for the second time in 6 months after failing to talk down the economy over the last few months.

The Project Fear propagandists grudgingly issued a 0.8% growth forecast in August but were forced to up it to 1.4% in November when it became obvious how wrong they'd got it. They've now increased their forecast to 2% which is a large jump and could just be exaggerated so they can announce an under-performance to blame on Brexit.

The Bank are still predicting a decline in growth to 1.5% in 2018 but that will no doubt go the same way as their referendum scaremongering and subsequent doom-laden prophecies.

Bank of England issues mea culpa over Brexit propaganda

The Bank of England has admitted getting Brexit predictions wrong with their chief economist saying that criticism of economists who predicted global economic apocalypse was a "fair cop".

Andy Haldane told a meeting at the Institute for Government that there is a "disconnect" between what economists predicted and what's actually happened. He compared their performance to weatherman Michael Fish famously dismissing predictions of a hurricane in England shortly before one actually happened.

The unexpected mea culpa from one of Project Fear's most high profile allies comes as the FTSE 100 once again finished at a record high, unemployment remained at record lows, house prices are on the rise and the UK was announced as the fastest growing advanced economy in the world this year.