‘Brexit’ Could Cost Britain £100 Billion and a Million Jobs – CBI

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.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.