Brexit cost to UK likely to be 'negative and severe', warns IMF



The International Monetary Fund has made it clear that a vote to leave the European Union will cost us money, Chancellor George Osborne has said.
Withdrawal from the 28-member bloc would result in a "protracted period of heightened uncertainty" for the UK, with a likely hit to output and "sizeable" long-term losses in income, the global finance body warned.
Global market reaction to a Leave vote in the June 23 referendum is likely to be "negative and could be severe", it added in a regular report on the UK's economic prospects.
Mr Osborne said: "The IMF... read more

 
13 May 2016 in Yorkshire & Humber, Views: 26
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