It is one year to the day that the UK voted to leave the European Union after a bitter campaign in which the Remain camp consistently promised Brexit would bring economic doom.

In his Treasury assessment of the impacts of leaving the EU, George Osborne claimed that a vote to leave would "cause an immediate and profound economic shock" with the effect being "to push the UK into recession and lead to a sharp rise in unemployment".

Growth would be affected and lending rates would go sky high. In short, the former Chancellor said that a Leave vote would push the country into economic meltdown. He was wrong - so far.

The economy has continued and will continue to grow

The first quarter of 2017 saw the economy grow by 0.2pc, which, although low, marks the 17th consecutive quarter of growth in the UK.

It makes it the third longest period of consecutive growth that the UK has experienced since 1955 and means it has now been nearly eight years since the last recession.