Most Economists Say Brexit Will Harm Economy: Poll

Nine out of 10 of Britain’s top economists working in London’s City financial district, small business and academia believe the economy will be harmed if Britain leaves the European Union, a poll said on Sunday.

The poll, which the Observer newspaper said was the biggest of its kind drawing responses from more than 600 economists, is a boost for Prime Minister David Cameron, who is leading the campaign for Britain to stay in the 28-member bloc at a referendum on June 23 despite opposition from some in his party.

Carried out by pollster Ipsos-MORI, the poll found that 88 percent of those asked said an exit from the EU and the single market would most likely damage Britain’s growth prospects over the next five years and 82 percent said there would probably be a negative impact on household incomes.

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.