As recently as a month ago every major bank in London was predicting a recession because of the Brexit vote.
Government agencies predicted even worse.

A June 17 article in Business Insider — a week before the Brexit vote — showed government agencies, the OECD, British Treasury and a handful of private think tanks predicting that Brexit would cost Britain's economy from -7.9% to -2% of its GDP by 2030.
Responding to such uniformly scary predictions, the media got busy. " 'Brexit' could send shock waves across U.S. and global economy," was how a Washington Post headline put it. And a month before the vote, the BBC carried a headline saying, "IMF says Brexit 'pretty bad to very, very bad.'

Then the actual economic reports began to come out.
First it was the manufacturing sector.

The closely watched Markit/Cips report recorded the joint biggest monthly increase in industry’s performance in the 25-year history of the purchasing managers’ index (PMI), taking it to its highest level since last October.

Then it was the service sector.

Services sector shows biggest EVER monthly rise defying gloomy predictions over the impact of the EU referendum
A key survey found there was a record jump in business activity last month after a dip in the immediate aftermath of the vote to leave the EU.
The 'PMI' index for August rose to 52.9 from 47.4 in July.

Then it was the real estate market.

Knight Frank's Prime Central London Sales Index for August revealed the increase in interest since the European Union referendum compared to 2015. Buyers’ interests in the area are growing despite the dramatization of Brexit, with users viewing listings online 20.8 percent more since last year.

Then today it was the labour market.

The unemployment rate was 4.9%, down from 5.5% a year ago and little changed from last month's rate, Office for National Statistics (ONS) data shows.
Nearly three quarters of people who can work have jobs, a record high rate.
Employment was "resilient" before and after the EU vote, despite predictions of an economic shock, analysts said.

Plus retail sales and business confidence remained strong.

So finally, two of those banks threw in the towel and admitted that there won't be a Brexit recession, or Brecession.

Basically the neoliberal establishment and the political center-left has been wrong on this issue at every level.
I'm guessing that people at TOP aren't aware of this fact, nor will they care because everyone who disagrees with them on this is a racist.

The silver-lining in this whole charade is that it served a valuable purpose.

Newly leaked emails show how a key U.K. architect of the Iraq War expressed relief that the Brexit vote to leave the European Union would reduce media coverage of the devastating results of an inquiry into the United Kingdom’s role in the war.
On July 4, former British Foreign Secretary Jack Straw emailed former U.S. Secretary of State Colin Powell to discuss the upcoming release of the Chilcot report — a document detailing the British government’s inquiry. The report probed, among other things, the depth of private British commitment and support for the American-led war in Iraq.
In anticipation of coming press coverage, Straw asked Powell to review a statement in a Word document he drafted. He wrote that the “only silver lining of the Brexit vote is that it will reduce medium term attention on Chilcot — though it will not stop the day of publication being uncomfortable.”

Glad we could help.

One final note, a much more important event, one that will have actual consequences, will be approaching soon - Italexit.

Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, the Italian crisis would still have been gathering speed.
The high level of non-performing loans (NPLs) has been a problem since before Brexit. It is clear that there is nothing in the Italian economy that can reduce them. Only a dramatic improvement in the economy would make it possible to repay these loans. And Europe’s economy cannot improve drastically enough to help. We have been in crisis for quite a while.
Banks were simply carrying loans as non-performing that were actually in default and discounting the NPLs rather than writing them off. But that only hid the obvious. As much as 17 percent of Italy’s loans will not be repaid. This will crush Italian banks’ balance sheets. And this will not only be in Italy.
Italian loans are packaged and resold, and Italian banks take loans from other European banks. These banks in turn have borrowed against Italian debt. Since Italy is the fourth largest economy in Europe, this is the mother of all systemic threats.