The Grexit can cost 100 bn. Pounds to the British economy
Britain's exit from the European Union may cost 100 billion pounds to the British economy and destroy nearly one million jobs, says study requested by the CBI, the largest employers' confederation in the country.
According to the study conducted by PwC company on behalf of the Confederation of British Industry (CBI), the "Brexit" would cause "severe shock" to the British economy, which will cost about 100 billion pounds (128 billion. Euros) in production loss, 5% of annual GDP.
"This analysis clearly shows why leaving the European Union would be a real blow to the living standards, jobs and growth," said Caroline Fermpern, Director General of the CBI. "Even in the best of cases, the output will cause a serious shock to Britain's economy."
The "Brexit" will cost Britain the loss of about 950,000 jobs, which means that the unemployment rate in 2020 will increase by 2% to 3%, relative to the rate that would have been if the country remained in the EU, according to the study.
Referendum for staying or leaving the European Union will take place in Britain on June 23.
Britain's exit from the European Union may cost 100 billion pounds to the British economy and destroy nearly one million jobs, says study requested by the CBI, the largest employers' confederation in the country.
According to the study conducted by PwC company on behalf of the Confederation of British Industry (CBI), the "Brexit" would cause "severe shock" to the British economy, which will cost about 100 billion pounds (128 billion. Euros) in production loss, 5% of annual GDP.
"This analysis clearly shows why leaving the European Union would be a real blow to the living standards, jobs and growth," said Caroline Fermpern, Director General of the CBI. "Even in the best of cases, the output will cause a serious shock to Britain's economy."
The "Brexit" will cost Britain the loss of about 950,000 jobs, which means that the unemployment rate in 2020 will increase by 2% to 3%, relative to the rate that would have been if the country remained in the EU, according to the study.
Referendum for staying or leaving the European Union will take place in Britain on June 23.
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