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Three reports yesterday highlighted the booming health of the economy. Clear “indicators of strength” since the June 23 poll to leave the EU were reported by the Office for National Statistics in an upbeat assessment. Predicted UK growth for this year was raised by the Organisation for Economic Cooperation and Development (OECD) from 1.7 to 1.8 per cent.

PH The British economy is on the rise dispelling all predictions by fearmongering remainers

GETTY There has been no noticeable drop in confidence in the economy following the vote

And the number of cars built in the UK last month topped 109,000, the highest August total for 14 years, a report from the Society of Motor Manufacturers and Traders said. The Leave vote had an immediate impact on markets and sterling, said the ONS. But it stressed the pound had been falling for a year anyway. So far sterling’s post-vote slide has had “little effect” on inflation, it said.

GETTY Car production has been hitting record high levels in more than a decade

House prices continued to “grow strongly” in July, while manufacturing and construction performance remained broadly in line with recent trends, it added. The ONS report, based on data since June 23, said: “So far there has been no sign of a major collapse in confidence and, within the data that is available, some indicators of strength.” The OECD’s increased prediction of 1.8 per cent growth this year was in marked contrast to its Project Fear style gloom in April when it warned of damaging uncertainty “from the moment of a Brexit vote”. Yesterday it halved its prediction for British growth in 2017 from two to one per cent but only as part of a downbeat global outlook.

GETTY The government is confident that the economy will do well once the exit deal is sealed

Chancellor Philip Hammond hit back at the Paris-based forecasters, saying: “The underlying strength in the UK economy will support growth this year, and we have seen that in the labour market where employment is at a record high.

The underlying strength in the UK economy will support growth this year Phillip Hammond

“The OECD highlight uncertainty in their outlook. I am confident that we have the tools necessary to support the economy as we adjust to a new relationship with the EU.” The total number of cars made in the UK so far this year was 1,023,723, the highest for the first seven months of a year since 2000, said the Society of Motor Manufacturers and Traders. Chief executive Mike Hawes said: “UK car production in 2016 is booming, with new British-built models in demand across the world. Manufacturers have invested billions to develop exciting new models and produce them competitively here in the UK.”

GETTY The next step is to secure a deal with the EU that will further benefit an exiting Britain