Chancellor George Osborne said a vote to leave the European Union in a referendum in June would do permanent damage to the country’s economy, which he warned would be 6 percent smaller by 2030 than if it stayed in the bloc.
The government is due to present on Monday a “serious, sober analysis” of the long-term economic impact of a so-called Brexit, a source familiar with the document said.
Osborne was quoted as saying the loss to the economy would be the equivalent to each household of 4,300 pounds ($6,100) a year by 2030.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.