Brexit: British economy to damage if out of Europe

Brexit: British economy to damage if out of Europe
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LONDON, June 16, (APP): Brexit : British economy to damage if out of Europe

 

The Financial Times on  Thursday said a vote for Britain to quit the EU in next week's  referendum "would seriously damage the UK economy ", as it  officially endorsed remaining.

 

With a week to go until a knife-edge vote on Britain 's  European Union future, the FT as expected came out in support  of continued EU membership.

 

While criticizing the "Remain" campaign for its  "scaremongering" regarding potential financial consequences of  a Brexit , it argued that the "economic costs of withdrawal  are substantial".

 

"A vote to withdraw would be irrevocable, a grievous blow  to the post-1945 liberal world order," it said.

 

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