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UK’s Osborne: Brexit would make the UK economy "more than 6% smaller" by 2030

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Writing in the Times, UK Chancellor of the Exchequer George Osborne claims Monday that Britain would be worse off to the tune of GBP 4,300 per household per annum if June's referendum sees the nation vote to leave the European Union.

    Key Quotes:

    The vote will be more important than any General Election and must answer the most fundamental question our country has been asked to settle in a generation, with profound economic consequences

    Put simply: over many years, are you better or worse off if we leave the EU? The answer is: Britain would be worse off, permanently so, and to the tune of stg 4,300 a year for every household

    The Treasury had carried out "rigorous analysis" of the long-term costs and benefits of EU membership or "Brexit"

    The analysis shows that our membership of the EU, and the quota-free, no-tariff access it gives us to a single market of half a billion consumers, has increased our trade with our European neighbours by three-quarters

    And increased our trade with the rest of the world too, because of the 50 or so EU free trade deals we are part of

    The Treasury will today publish a 200-page document laying out the case for remaining within the EU

    Brexit would make Britain's economy "more than 6% smaller" by 2030, and questioned whether this is a "price worth paying"

    The conclusion is clear: for Britain’s economy and for families, leaving the EU would be the most extraordinary self-inflicted wound
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