George Osborne's humiliating Brexit property crash prediction as UK market 'on fire'

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GEORGE OSBORNE has been humiliated after predicting that house prices in the UK would crash 18 percent after Brexit, as the property market enjoys a huge boom.

Speaking at the G7 summit in 2016, Mr Osborne said: “If we leave the European Union, there will be an immediate economic shock that will hit financial markets. People will not know what the future looks like."That affects the value of people’s homes and the Treasury analysis shows that there would be a hit to the value of people’s homes by at least 10 percent and up to 18 percent.”

 

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