THE FTSE 250 index has soared to a post-EU Referendum high today, finishing just marginally lower than it's level before the Brexit vote.
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The index reflects a continuing economic recovery following a period of initial instability after the 52 to 48 per cent result on June 23 - which saw markets flinch and the pound plunge before rallying.
The FTSE 250, which consists of the 101st to 350th biggest companies on the London Stock Exchange, is now just 1.6 per cent lower than it was on June 22.
Today's rating concludes a 14 per cent rise from the two-year low it hit in the immediate wake of the result, following a campaign of scaremongering by Remain campaigners including then-Chancellor George Osborne.
In mid-June, Mr Osborne threatened to introduce an emergency budget, nicknamed a 'Punishment Budget', in the wake of a Leave victory.
Other campaigners, including then-Prime Minister David Cameron, also warned of economic catastrophe if Britain chose to leave the 28-country bloc, warning of recession and every household losing £4,300.
Leave campaigners dismissed these claims as 'Project Fear' and said Britain would be strong enough to continue outside of the EU - an assertion now being backed up by the FTSE 250's rapid rise.
This week, Mr Osborne refused to apologise for his fear-mongering predictions, explaining he "fought hard for a different outcome to the referendum."
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He said: "I didn’t do it by half-measures: I couldn’t on an issue like that. I put everything on the line, and don’t regret for a moment that I did.
"But while I don’t resile from any of the concerns that I expressed in advance of that vote, nor do I intend to re-run the arguments now the vote has passed."
The pan-European Euro Stoxx 600 index has also risen 0.9 per cent today, reflecting the continent's continuing recovery and the short-term nature of Brexit's economic wobble.
The FTSE 100, the index for the 100 biggest companies on the London Stock Exchange, continues to flourish despite a blimp in the immediate wake of the EU result. It is now at its highest level in over a year and continues to rise sharply.
