Brexit Would Cost Britons a Month’s Salary by 2020 – OECD Report

Another leading international economic body joined calls for Britain to stay in the European Union on Wednesday when the head of the Organisation for Economic Co-operation and Development said a so-called Brexit would hit the workers’ pockets.

Leaving the EU would cost the average working Briton the equivalent of a month’s salary by 2020, according to an OECD report due out later on Wednesday which was cited by BBC radio.

Angel Gurria, secretary general of the organisation which groups many of the world’s leading economies, said Britain would not get a better deal for its economy outside the EU than in it, and he said “Out” campaigners were indulging in wishful thinking ahead of the country’s referendum on June 23.

Reuters

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.