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

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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

Craig Erlam

Former 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.
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