Monday, May 23, 2016

OSBORNE: BREXIT WILL CAUSE YEAR OF RECESSION

If Britain leaves the EU it will plunge into a year-long recession, according to analysis from the country's Treasury.

Finance minister George Osborne, who is releasing the estimates, is calling it a 'DIY recession' as he campaigns for Britain to stay in the European Union.

The Vote Leave camp say the Treasury analysis, which predicts economic growth will drop 3.6% in the event of a Brexit, is biased.

Britain votes on its EU membership a month today (June 23).

James Sproule from the Institute of Directors says Brexit will not suddenly lead to a simpler business environment.

IN: "Would it… 
OUT: …still there."
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