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

April 27, 2016 Share Print 0

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

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.