Wicked, Evil Project Fear.

Project Fear dismantled! Claim UK households would be £4,300 worse off proved to be wrong.

BREXIT would have made British households £4,300 worse off, according to former Chancellor of the Exchequer George Osborne.

Ahead of the vote, the campaign run by Britain Stronger in Europe was accused of spreading false claims.

Key figureheads of the Leave campaign, including Prime Minister Boris Johnson, introduced the term Project Fear.

They put forward claims that the pro-EU campaign was guilty of scaremongering, saying that "the agents of Project Fear" were trying to "spook" the British public into voting against British withdrawal from the EU.

In a recent report, famed columnist Steerpike, took a look at some of the predictions that never came true, such as that "households would be poorer by £4,300 in 2030".

Brexit vindicated! Remain camp told Brits households would be £4,300 worse off (Image: GETTY)

He wrote: "The focus of the Remain campaign on Brexit's economic costs was labelled as 'Project Fear' by opponents, with no politician doing more to push that line of argument than Chancellor George Osborne.

"At one event, the former Tory MP unveiled a poster declaring that households would be poorer by £4,300 in 2030 – a claim that earned a rebuke from the BBC's fact check: 'the precise figure is questionable and probably not particularly helpful.'

"Regardless of the dubious way in which the Treasury concocted this oddly specific figure, records from the Office for National Statistics (ONS) show in the five years since that real disposable income per head has risen from £5,177 in the second quarter of 2016 to £5,354 at the end of 2020."

The Bank of England and other British officials have a long record of being wrong on Brexit.

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Prime Minister Boris Johnson (Image: GETTY)

Former Chancellor of the Exchequer George Osborne (Image: GETTY)

By MARTINA BET

Mr Osborne also sensationally claimed the country would have been left with a £36billion financial black hole by 2030 due to the economic hit from pulling out of the EU.

The Chancellor heralded the analysis from April 2016 as a welcome dose of “facts” in the Brexit debate, which he insisted was “economically illiterate”.

However, just one in 10 key Government forecasts about the frightful impact of the European divorce has come true, according to a study published by think tank Change Britain.

Mr Osborne also forecast a rise in unemployment, with a further 500,000 out of work, claiming uncertainty would reduce demand.

He said “it would be the poorest” who would be ravaged by an EU exit, citing people whose jobs “depend” on the car plants and steel-making factories.