A British vote to leave the European Union could cost the economy £100 billion and 950,000 jobs by 2020, according to research commissioned by employers’ group the Confederation of British Industry (CBI).
The CBI said “Brexit” would deliver a serious shock to the British economy, regardless of any trade deals the country could negotiate with its former European partners.
“This analysis shows very clearly why leaving the European Union would be a real blow for living standards, jobs and growth,” CBI Director-General Carolyn Fairbairn said in a statement on Monday.
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