Brexit News Archive: 13 Jun 2016

$A slides as risk sentiment weakens

Major central bank policy announcements around the world and next week's Brexit vote have dampened risk sentiment, pushing down the Australian dollar.
SMH   |   Mon, 13 Jun 2016 21:27:11

Market Recap Jun 13, 2016

BREXIT! A quiet morning led to a bout of selling near the European close and then another round in the afternoon as this week looks like it will be about BREXIT! The S&P 500 fell 0.81% and the NASDAQ 0.94%. What is Brexit? Britain will choose to remain in the ...
Stock Trading To Go   |   Mon, 13 Jun 2016 21:04:59

$A slides as risky events loom

The appetite for the Australian dollar has dampened as a number of risk events, including major central bank announcements and the Brexit vote loom.
SMH   |   Mon, 13 Jun 2016 20:48:11

Markets slide on UK worries

US stocks fell following steep declines in Europe and Asia amid concerns about Brexit and the world's economy.
Austrailian   |   Mon, 13 Jun 2016 20:48:00

Vote Has Foreign Workers in Service Jobs on Edge

If Britain leaves the European Union, visa rules would have a profound impact on employees in the restaurant, hotel and construction industries.
LIZ ALDERMAN / NY Times   |   Mon, 13 Jun 2016 19:54:10

Today's Headlines

Bloomberg: Brexit Polls by ICM Show 'Leave' Widening Lead Over 'Remain'. Two new polls by ICM suggested the U.K. is on course to quit the European Union, with both phone and online surveys showing the "Leave" side opening up a 5 percentage-point lead over "Remain." Corporate Bond Risk Surges in ...
Between the Hedges   |   Mon, 13 Jun 2016 18:43:00

Brexcitement

Well, this is momentum.The Guardian reports on new Brexit polls:Support for leaving the EU is strengthening, with phone and online surveys reporting a six-point lead, according to a pair of Guardian/ICM polls. Leave now enjoys a 53%-47% advantage once "don't knows" are excluded, according to research conducted over the weekend, ...
National Review   |   Mon, 13 Jun 2016 17:59:00

Tax is biggest risk, say FTSE 100 groups

Analysis of annual reports shows tax, terrorism, regulation and Brexit worry business
FT   |   Mon, 13 Jun 2016 17:57:59

Campaign Report: 10 Days to Go

Leave message: Three quarter of a million new EU citizens now have the right to come to the UK. Remain message: Gordon Brown says Brexit would be bad for jobs. Cut through: Nothing really. Leave social media count: 484,206 [...]
Guy Fawkes' blog   |   Mon, 13 Jun 2016 17:34:38

Brexiteers lead 52% to 48% in poll average +RPT+

(fixes typos). London, June 13 - Pro-Brexit voters are ahead of pro-EU voters by 52% to 48% in an average of all polls, the Guardian said Monday - the first time the Leave camp has been ahead of Remain in the average. In the latest ICM poll for the Guardian, ...
Gazzetta Del Sud   |   Mon, 13 Jun 2016 17:24:00

Dow Rises 0.3%, S&P Stays Flat in a Mixed Week

Dow Rises 0.3%, S&P Stays Flat in a Mixed Week for Stocks Brexit fears rattle U.S. equity investors, but world bond markets rise. How to track expectations for the next rate hike.Dow Rises 0.3%, S&P Stays Flat in a Mixed WeekBy Vito J. Racanelli Brexit fears rattle U.S. equity investors, ...
Barrons   |   Mon, 13 Jun 2016 17:19:23

Geopolitics, Central Banks Provide Push For Gold To Climb Above $1,400 An Ounce

Gold is looking more and more like a crucial trade. Fewer than two weeks remain before United Kingdom voters decide on whether the country will continue to be a member of the European Union (EU) or become the first-ever to leave it. The "Brexit," as it's come to be known, ...
Frank Holmes, Contributor / Forbes   |   Mon, 13 Jun 2016 17:12:00

GBP/USD pulls back from highs as poll shows leave vote ahead

GBP/USD pulled back from daily highs as the pound continues to react to Brexit poll headlines, suggesting the leave vote remains ahead. According to
Ani Salama / FX Street   |   Mon, 13 Jun 2016 17:01:00

Monday assorted links

1. Which brands of automobile are most expensive to maintain? 2. Paul Krugman on Brexit. This morning the Betfair odds on Remain were down to 64 percent. Dani Rodrik on Brexit. Ambrose Evans-Pritchard on Brexit, by far the best case for it, well worth reading. 3. Is "none" singular or ...
Marginal Revolution   |   Mon, 13 Jun 2016 16:40:46

What is Boris Johnson's real name? We answer the most Googled questions about the leading Brexiteer

Daniel Dunford / Telegraph   |   Mon, 13 Jun 2016 16:39:08

Britain’s Debate Inflamed by Worries That Turkey Will Join E.U.

The possibility of Turkish membership, however remote, has injected issues of race, religion and tolerance into campaigns leading up to the June 23 vote on whether to stay in the bloc.
STEVEN ERLANGER / NY Times   |   Mon, 13 Jun 2016 16:22:54

Spread closes 7 points up at 143

Rome, June 6 - The spread between Italian and German 10-year bonds, a gauge of Italy's borrowing costs and investor confidence, closed seven points up on 143 amid Brexit fears Monday. The yield was 1.45%.
Gazzetta Del Sud   |   Mon, 13 Jun 2016 16:19:00

Milan bourse closes 2.91% down (2)

Milan, June 13 - The Milan bourse closed 2.91% down amid Brexit fears and pressure on banking stocks Monday. The bellwether FTSE-MIB index fell to 16,621 points, a level not seen since February. London fell 1.16%, Frankfurt 1.80% and Paris 1.85%.
Gazzetta Del Sud   |   Mon, 13 Jun 2016 16:02:00

Milan bourse closes 2.91% down

Milan, June 13 - The Milan bourse closed 2.91% down amid Brexit fears and pressure on banking stocks Monday. The bellwether FTSE-MIB index fell to 16,621 points, a level not seen since February.
Gazzetta Del Sud   |   Mon, 13 Jun 2016 15:42:00

Last high-yield deals before Brexit slowdown begin marketing

PVH Corp, Salini Impregilo and Verallia all began high-yield bond roadshows on Monday, for what are likely to be the final trades before the UK's referendum on EU membership
IFR   |   Mon, 13 Jun 2016 15:09:00

How likely is a UK population of 80m? And is it a problem?

JuliusKielaitis / Shutterstock.com Stay in the EU and the UK's population could rise to 80m people, claim those campaigning for Brexit. But looking at all the evidence and projections, it is highly unlikely that this will happen. And even if it does, I'm not sure it's a problem. The latest ...
Jane Falkingham, Dean of the Faculty of Social, Human and Mathematical Sciences, University of Southampton / The Conversation   |   Mon, 13 Jun 2016 15:03:46

Toronto and U.S. stocks fluctuate as gold offsets banks on growing anxiety over Brexit risk and Wednesday's Fed meeting

In Canada, gold producers jumped 1.7 per cent, as investors flocked to the precious metal as a store of value. The big banks and energy stocks declined at least 0.6 per cent
Eric Lam, Bloomberg News / Financial Post   |   Mon, 13 Jun 2016 14:50:22

Gold hits five-week high

Gold prices on Monday hit levels not seen since the opening week of May as Brexit and global financial worries prompted nervous investors to look to the metal as a safe haven. Spot gold jumped up to just shy of US$1,287 an ounce in the morning session, although it gave ...
Proactive Investors   |   Mon, 13 Jun 2016 14:50:00

Stocks Under Pressure as Brexit and Fed Decision Loom over Market

Stocks remained under pressure, though were off lows by mid-morning Monday, as Microsoft (MSFT) sold off after announcing it will buy LinkedIn (LNKD) . Fears over a British exit from the European Union loomed over European markets and a Federal Reserve meeting also made for nervous trading. The S&P 500 ...
Alfonso Esparza / OANDA   |   Mon, 13 Jun 2016 14:46:23

Stocks up despite terrorism fears, Fed uncertainty, possible UK 'Brexit'

Dow post small gain ever as Microsoft tumbles after paying $26 billion for LinkedIn.
USA Today   |   Mon, 13 Jun 2016 14:41:58

EUR/GBP rally fizzles, slips back to 0.7900 handle

A sudden bout of buying interest around the British Pound, on rumors of the ICM 'Brexit' polls showing a 5 point lead to the 'Remain' camp, has now dr
Haresh Menghani / FX Street   |   Mon, 13 Jun 2016 14:39:58

U.S. stocks slightly lower before Fed meeting, Brexit vote

U.S. and global stocks were lower Monday as investors waited to see what the Federal Reserve would do with interest rates later this week and awaited the fate of Britain's membership in the European Union. LinkedIn shares jumped after Microsoft announced plans to buy the company. KEEPING SCORE:...
Associated Press / LA Times   |   Mon, 13 Jun 2016 14:39:00

Brexit Will Hurt Markets

Brexit will hurt all financial markets because then other politicians may play the card too and the turmoil will worsen. The world already faces many problems as it is and this will just make things worse. (GBPUSD, British Pound, FTSE 100 Index)Jim Rogers is a legendary investor that co-founded the ...
Admin / Jim Talks Markets   |   Mon, 13 Jun 2016 14:36:00

Brexit: 'seven years of tumult'

Britain's relationship with the rest of the EU would take 'at least seven years to settle' after a vote to leave.
Austrailian   |   Mon, 13 Jun 2016 14:00:00

Brexit and the Globalization Trilemma

I have not written much on Brexit because I do not have a strong or particularly well-informed view of it. My personal hope is that Britain will choose to remain in the EU - but that is as much because...
Dani Rodrik / Dani Rodrik   |   Mon, 13 Jun 2016 13:49:54

Stocks drop amid terrorism fears, Fed uncertainty, possible UK 'Brexit'

Dow drops about 0.3% as Microsoft tumbles after paying $26 billion for LinkedIn.
USA Today   |   Mon, 13 Jun 2016 13:48:16

Stocks set to open lower ahead of Fed meeting, U.K. referendum

Investors are nervous amid increased terrorism worries, Fed uncertainty, possible UK Brexit
USA Today   |   Mon, 13 Jun 2016 13:17:23

Why 'Brexit' Is Upending Asia's Markets

The closeness in polls of the U.K.'s upcoming vote on whether to leave or stay in the European Union is now causing jitters in Asian markets.
WSJ   |   Mon, 13 Jun 2016 13:07:41

Why a 'Brexit' would be good for Trump

If the British vote to leave the European Union, it could be a good sign for Donald Trump, says Jake Novak.
CNBC   |   Mon, 13 Jun 2016 13:00:00

European shares hit two-month low amid Brexit jitters

European shares fell to their lowest level in more than two months today, hit by a sell-off in cyclical stocks and widespread unease in markets over a possible British exit from the European Union. The pan-European FTSEurofirst 300 index was down 1.4 percent at 1,289.95 points by 1137 GMT after ...
Times of Malta   |   Mon, 13 Jun 2016 12:46:00

Brexit: Bookmakers Say A 'Leave' Result Is Unlikely, But The Pound Disagrees

After all the attempts by the press to whip up the prospect of a Brexit, the bookmakers are still offering 2/1 against odds.
Clem Chambers, Contributor / Forbes   |   Mon, 13 Jun 2016 12:41:00

Gold Scores 4-Wk High on Safe-Haven Demand as Brexit Vote Looms

Gold prices are solidly up and hit a four-week high in early U.S. trading Monday.
Kitco News, Contributor / Forbes   |   Mon, 13 Jun 2016 12:36:00

Gold Powers Toward a Brexit

Tim Knight / Tim Knight   |   Mon, 13 Jun 2016 12:33:02

Brexit would trigger a significant revamp of FX markets - Rabobank

Jane Foley, Research Analyst at Rabobank, notes that the Sterling volatility has ramped up significantly over the past few weeks with 1 mth vol in EUR
Sandeep Kanihama / FX Street   |   Mon, 13 Jun 2016 12:27:32

Britain's trade options after Brexit - no easy way out

LONDON, June 13 (Reuters) - Britain's status as a trade power has become one of the most contentious issues in the European Union membership referendum on June 23.
Reuters   |   Mon, 13 Jun 2016 12:24:08

Asian and European shares tumble over Brexit fears

Fears that Britain looks set to leave the European Union has sent jitters through the financial Markets. Asian and European shares fell sharply and...
euronews   |   Mon, 13 Jun 2016 11:37:26

Frontrunning: June 13

Chaos, Carnage Amid Orlando Rampage (WSJ) FBI Twice Probed Orlando Gunman (WSJ) How the Orlando Shooting Unfolded (WSJ) Brexit fear factor sends stocks spinning (Reuters) Pound Judgment Day Means Either Drop to 30-Year Low or 6% Rally (BBG) Asia Yields Follow Europe's to All-Time Lows on Brexit Concern (BBG) Gunman ...
Zero Hedge   |   Mon, 13 Jun 2016 11:37:08

Morning News: June 13, 2016

Brexit: Britain Leaving the EU Could Be A Messy Divorce Will MSCI Hand China a Game Changer? China Car-Sales Growth Reaches Five-Month High Fed Decision [...]
Eddy Elfenbein   |   Mon, 13 Jun 2016 11:29:06

Markets: The Week Ahead

From Marc to Market: Brexit Dominates The risk that the UK votes to leave the EU next week is the dominant force in the capital markets. It is a continuation of what was seen at the end of last week. Sterling fell 1.4% against the US dollar before the weekend ...
Climateer Investing   |   Mon, 13 Jun 2016 11:28:00

The fear of Brexit is making the pound do something it has never done before

One-month sterling volatility - a measure of how much the British pound is expected to fluctuate in the coming month - has hit its highest level of all-time, as currency traders get increasingly jittery about the prospect of Britain voting to leave the European Union. On Monday, the pound's volatility ...
Will Martin / Business Insider   |   Mon, 13 Jun 2016 11:17:49

Sterling at 8-week low as Brexit polls put 'leave' in the lead

Sterling fell to a two-month low against the dollar on Monday as concerns grew about the threat of the U.K. voting to leave the EU in 10 days' time.
CNBC   |   Mon, 13 Jun 2016 11:08:00

A vote to Leave is a vote to cut migration, no matter what liberal Brexiteers would like to think

Last week on LSE BrexitVote, Chris Bickerton argued that a Brexit vote should not automatically mean that the UK closes its borders to most migration. Dionyssis G Dimitrakopoulos says this stance ignores the fact that the Conservative leader who would replace David Cameron after a vote to leave would have ...
British Politics and Policy at LSE   |   Mon, 13 Jun 2016 11:00:56

BaFin says Brexit would hurt big German banks

The head of BaFin says big German firms would have the biggest problems if Britain separates from the European Union.
CNBC   |   Mon, 13 Jun 2016 10:53:00

Global Stocks Plunge; US Futures, Oil Slide As Brexit Fears "Jolt Markets"

Just last week we were commenting on the unprecedented level of complacency ahead of a plethora of June event catalysts, key among which the June 23 Brexit referendum vote. And then everything changed over the past few days, when the Leave camp was seen making dramatic gains in the polls, ...
Tyler Durden / Zero Hedge   |   Mon, 13 Jun 2016 10:52:27

Brexit fears, weak Chinese data pull down SE Asia stocks

Most Southeast Asian stocks closed lower on Monday, as risk appetite took a hit on concerns over Britain's likely exit from the European Union and on disappointing Chinese data, prompting investors to flock to safe havens such as gold and the yen.
Bangkok Post   |   Mon, 13 Jun 2016 10:43:00

Risk Averse Investors Eye Brexit, Fed and BoJ

Risk aversion continues to drive markets ahead of the U.S. open on Monday, as investors seek safety ahead of a number of key risks events over the next couple of weeks. The U.K. referendum next week is right at the top of this list given the destabilisation effects that a ...
Craig Erlam / OANDA   |   Mon, 13 Jun 2016 10:41:05

Markets hit as 'Brexit' fears add to worries

Sterling, UK equities fall as Brexit fears spread
FT   |   Mon, 13 Jun 2016 10:37:37

Brexit Paranoia Creeps Into the Markets

European Stocks Look Really Bad... Late last week stock markets around the world weakened and it seemed as though recent "Brexit" polls showing that the "leave" campaign has obtained a slight lead provided the trigger. The idea was supported by a notable surge in the British pound's volatility. Battening down ...
Pater Tenebrarum / Acting Man   |   Mon, 13 Jun 2016 10:26:20

GBP/USD drops further to 1.4140 on Brexit, Gilts

The Sterling remains on the defensive at the beginning of the week, now relegating GBP/USD to test daily lows in the 1.4140 region. GBP/USD tumbles o
Pablo Piovano / FX Street   |   Mon, 13 Jun 2016 10:14:56

Pound Slides As Uncertainty Over Brexit Builds

Back a number of months it was generally assumed that we Britons simply would not vote to leave the European Union. That was rather the reason that the referendum itself upon Brexit was called. To try to lance the boil of euroscepticism while there was no real risk of a ...
Tim Worstall, Contributor / Forbes   |   Mon, 13 Jun 2016 10:14:00

Sterling falls as investors fret about Brexit risks

Sterling stumbles against the dollar and yen as polls suggest the chances of the UK voting to leave the EU have increased.
BBC   |   Mon, 13 Jun 2016 10:02:08

Jefferies: Don't Underestimate The UK Economy

UK Economy - While the Brexit argument dominates the financial headlines both in and the outside the UK, the financial press seems to be entirely overlooking London's world-beating financial reputation and flourishing digital economy - two themes analysts at investment bank [...] The post Jefferies: Don't Underestimate The UK Economy ...
Value Walk   |   Mon, 13 Jun 2016 10:00:40

What those calling for Brexit could learn from the Greek bailout referendum

By Kevin Featherstone In the summer of 2015, Greece held a referendum on a proposed bailout deal, with the electorate decisively rejecting the proposal. Kevin Featherstone writes that much like the upcoming referendum on the UK's membership of the EU, the ... Continue reading →
Blog Admin / Greece@LSE   |   Mon, 13 Jun 2016 09:58:49

Stocks, sterling fall on "Brexit" fears

Gold jumps and bond yields fall amid global growth concerns
FT   |   Mon, 13 Jun 2016 09:46:34

Soros Buying Gold On BREXIT, EU Risk

George Soros is again buying gold and selling and going short stocks due to BREXIT and EU risk, after a six year hiatus from the gold market. Gold in USD (2009 to 2012) The multi-billionaire hedge fund manager, the man who "broke the Bank of England" and one of the ...
GoldCore / Zero Hedge   |   Mon, 13 Jun 2016 09:42:25

Oil prices under pressure from rising economic concerns

Asia's darkening economic outlook weighs on markets; Brexit worries pull stocks lower, support dollar
Libby George / Globe and Mail   |   Mon, 13 Jun 2016 09:38:59

EMERGING MARKETS-Brexit, Fed and China jitters rattle emerging markets

* EM shares down 1.7 pct in biggest fall since Feb * China shares slip over 3 percent after fragile data * Zloty, Forint volatility futures spike on Brexit jitters * Rouble slides as oil...
Reuters   |   Mon, 13 Jun 2016 09:37:20

DEUTSCHE BANK: A Brexit might not be terrible news for British stocks after all

British stocks would be the best-performing equities in Europe should Britain vote for Brexit in 10 days time, according to a note sent to Deutsche Bank clients on Monday morning. In the note, Deutsche analysts led by Sebastian Raedler argue that while stocks across the continent will fall, British companies ...
Will Martin / Business Insider   |   Mon, 13 Jun 2016 09:36:14

Stocks fall amid global growth concerns

Gold jumps as bond yields fall and "Brexit" fears abound
FT   |   Mon, 13 Jun 2016 07:03:13

Links for 06-13-16

Notes on Brexit - Paul Krugman Why don't we have universal basic income? - James Surowiecki Why hasn't the productivity crisis caused a bear market (yet)? - Gavyn Davies Robinson Crusoe's real economic choices - Fresh economic thinking Academic Macroeconomics...
Economist's View   |   Mon, 13 Jun 2016 06:43:29

The J-curve for accepting globalisation?

Ian Bremmer of the Eurasia Group, a political consultancy, has talked of the His point is that as countries open up they become more volatile before they become more stable. Perhaps Britain's debate on Brexit reveals a second J-curve towards the top of the development path: where folk feel safe ...
Marginal Revolution   |   Mon, 13 Jun 2016 04:30:49

Markets In Turmoil As Brexit Fears Mount And Japan, China Data Tumbles

FX, equity, and bond markets are in turmoil as Asian markets begin trading with Japan ugly, Sterling getting spanked, China devaluing FX (stocks down hard), and crude ($48 handle) and US equity futures (Dow -70) extending losses (as bond markets are all tumbling to record low yields). The hangover from ...
Tyler Durden / Zero Hedge   |   Mon, 13 Jun 2016 02:09:54

Motley Fool: Bonds are a bad place to be

Investors are fleeing to bonds amid Brexit and Fed uncertainty. This might be a big mistake, warns The Motley Fool's David Kuo.
CNBC   |   Mon, 13 Jun 2016 02:07:00

Weekly Outlook

Week Ahead by Bloomberg. Wall St. Week Ahead by Reuters. Weekly Economic Calendar by Briefing.com.BOTTOM LINE: I expect US stocks to finish the week modestly lower on rising European/Emerging Markets/US High-Yield debt angst, global growth concerns, commodity weakness, yen strength, terrorism fears and escalating Brexit worries. My intermediate-term trading indicators ...
Between the Hedges   |   Mon, 13 Jun 2016 01:44:00

I Will Vote Remain

Analysis and Commentaryvia University of Warwick I will vote Remain for lots of reasons. As a parent I want my children and their children to grow up in a world that is open and free. Brexit will shrink their world and reduce their opportunities.
Hoover Institution   |   Mon, 13 Jun 2016 00:00:00

The IKN Weekly, out now

IKN370 has just been sent to subscribers. We detail the reasons behind the new copper trade (in two places, not just one), tell you exactly who you can trust in the junior mining commentary world, even take time to reiterate the obvious as regards Brexit (that it ain't gonna happen). ...
IKN   |   Sun, 12 Jun 2016 23:59:00

Emerging Markets: Preview of the Week Ahead

(from my colleague Dr. Win Thin)EM ended last week under pressure. With two potentially disruptive events (FOMC meeting and Brexit vote) still in play, we think that EM softness should carry over into this week. Markets remain jittery about the June 23 Brexit vote, as a vote to leave would ...
Marc Chandler / Marc to Market   |   Sun, 12 Jun 2016 23:58:13

New poll from Opinium shows a huge lead for Brexit

A new Poll from Opinium shows a huge lead for Brexit. While the poll was commissioned by the Brexit backing Bruges Group think tank, "is further evide
Ivan Delgado / FX Street   |   Sun, 12 Jun 2016 22:50:09

Sterling battered on Brexit and doing worse than the greenback in H1 - Socgen

Kit Juckes, analyst at Societe Generale noted that the UK press is full of violence (at football matches) and EU debates ...
Ross J Burland / FX Street   |   Sun, 12 Jun 2016 21:49:46

Market themes centralised on Brexit and weak greenback - BBH

Analysts at Brown Brothers noted the theme in the current FX space being a weaker dollar and Brexit risks...
Ross J Burland / FX Street   |   Sun, 12 Jun 2016 21:03:35

Brexit would trigger second Scottish referendum within three years, Alex Salmond warns

Christopher Hope / Telegraph   |   Sun, 12 Jun 2016 21:00:10

Royal Mint Allows British Pensioners To 'Save' In Gold Bullion

Given the current uncertainty surrounding Brexit, the news this week that Britain's Royal Mint will join the current providers of gold to self-invested pension savers in the UK (SIPPS) - allowing British pensioners a tax efficient way of investing in bullion - is fascinating. While gold bullion has been allowed ...
Tyler Durden / Zero Hedge   |   Sun, 12 Jun 2016 19:20:00

Cameron Warns EU Exit Would Put Pensions at Risk

David Cameron sought to inject fresh energy into his campaign to keep Britain in the EU, after the latest polls suggested momentum for the campaign to leave the bloc.
WSJ   |   Sun, 12 Jun 2016 18:31:08

Bracing for the Turmoil of a Potential Brexit

A vote for the U.K.'s exit from the EU would pose profound political, diplomatic and economic challenges for the British state, Simon Nixon writes.
WSJ   |   Sun, 12 Jun 2016 18:17:55

Notes on Brexit

Remain, but with feelings of despair.
Paul Krugman / Paul Krugman - Blog   |   Sun, 12 Jun 2016 17:13:38

UK banking stocks fall on Brexit fears and European banking crisis

Telegraph   |   Sun, 12 Jun 2016 17:11:09

Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU

Ambrose Evans-Pritchard / Telegraph   |   Sun, 12 Jun 2016 17:00:12

'Leave' Takes Shocking 19-Point Lead In Brexit Poll - "If It Happens, Gold Will Be The World's Strongest Currency"

The headlines go from bad to worse for the UK and EU establishment as yet another new poll this weekend, by Opinium, shows "Brexit" leading by a remarkable 19 points (52% chose to leave the EU against 33% choosing to keep the status quo). This result comes after 2 polls ...
Tyler Durden / Zero Hedge   |   Sun, 12 Jun 2016 16:59:57

AP Interview: London mayor to fight hard to avert Brexit

London's mayor is pledging to campaign hard to persuade British voters to vote to remain in the European Union in a June 23 referendum
U.S. News   |   Sun, 12 Jun 2016 15:52:59

Let's take control! Brexit and sovereignty

Britain's unwritten constitution is broken. It has led us to the brink of Brexit, and must be replaced, whatever the result. The next chapter of Blimey, it could be Brexit! With under two weeks to go before the referendum it is now clear that the English would like to leave ...
Anthony Barnett / Open Democracy   |   Sun, 12 Jun 2016 15:19:14

Cameron Ups the Ante as Polls Suggest Lean Toward Brexit

David Cameron sought to inject fresh energy into his campaign to keep Britain in the EU, after the latest polls suggested momentum for the campaign to leave the bloc.
WSJ   |   Sun, 12 Jun 2016 15:16:14

TDI Podcast: Brexit, Leveraged ETFs and Outlook (#466)

The results of the latest Brexit poll now has the "leave" camp gaining momentum. That is not what financial markets were expecting and pushed EuroZone equities and the rest of the world markets lower for the week. In this episode we take a look at leveraged ETFs and some of ...
The Disciplined Investor / Disciplined Investor   |   Sun, 12 Jun 2016 14:10:38

Brexit backlash could hit markets

Fears of economic instability in the eurozone are set to raise concerns throughout the Australian stockmarket.
Austrailian   |   Sun, 12 Jun 2016 14:00:00

Brexit would cause big problems for German banks: German financial watchdog

BERLIN (Reuters) - A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published ...
Business Insider   |   Sun, 12 Jun 2016 13:57:45

Look at the Toff in the Tux! Ha Ha!

This morning, I saw a tweet that repulsed me. (No different from any other morning, sure.) It was retweeted by a member of the British parliament, who supports Brexit. There was a picture taken of George Osborne when he was a student. (Osborne is now chancellor of the Exchequer, and ...
National Review   |   Sun, 12 Jun 2016 13:51:30

Fact Check: would Brexit help or hinder young people who want to buy a house?

If we remain in the EU, if we have uncontrolled migration year after year after year after year, you will find it harder to get a home of your own. Liam Fox MP, former defence secretary, and Vote Leave campaigner speaking on June 2. A vote to leave Europe will ...
Paul Cheshire, Professor Emeritus of Economic Geography, London School of Economics and Political Science / The Conversation   |   Sun, 12 Jun 2016 13:24:28

If Brexit wins out, let UK go in peace

A nation's wealth rests on its skills and policies - it is hard to see how leaving would change that
FT   |   Sun, 12 Jun 2016 12:38:15

BT And Unions To Warn Staff Of Brexit Risk

BT and two trade unions will take the unusual step of jointly warning 81,000 staff of the risks of Brexit, Sky News learns.
Sky   |   Sun, 12 Jun 2016 12:29:48

What's Really Going Down: Free Trade, Brexit, and the WTO

By Carmen Elena Dorob The debate surrounding the EU referendum in Britain, scheduled in two weeks, and the fate of the UK outside of the EU, is now in full swing. Unsurprisingly, little of substance has been said so far on the issue. One would expect that both sides would ...
Robert Wenzel / Economic Policy Journal   |   Sun, 12 Jun 2016 12:18:00

America's fears of splendid isolation

There are strong parallels between those backing Brexit and Donald Trump's supporters
FT   |   Sun, 12 Jun 2016 11:49:44

Brexit: What Happens To The Ex-Pats?

Some 2-million British subjects living abroad will be living in limbo for as much as a decade should the British ship of state sail away from the European Union in the June 23 referendum popularly known as "Brexit."
Shellie Karabell, Contributor / Forbes   |   Sun, 12 Jun 2016 10:45:00

Cameron issues Brexit pensions warning

PM says voting to remain in Europe is the 'common sense' choice
FT   |   Sun, 12 Jun 2016 10:18:10

Cameron warns of 'lost decade' if Britain leaves EU following referendum

Prime Minister David Cameron warned Sunday that Britain will face a "lost decade" if it votes to leave the European Union as "Brexit" negotiations gum up the political system. Cameron is facing a tough fight to keep Britain in the EU in a June 23 referendum. With under two weeks ...
Japan Times   |   Sun, 12 Jun 2016 10:08:57

Brexit campaigners have admitted Turkey will not join the EU, Prime Minister reveals

Kate McCann / Telegraph   |   Sun, 12 Jun 2016 09:38:02

Boards 'seriously unprepared' for Brexit

Many say they have not done any contingency planning for the possibility of Britain leaving Europe
FT   |   Sun, 12 Jun 2016 09:19:31

EU referendum: 'Panicked' Remain camp plans to 'take out Boris' as opinion polls swing in Brexit campaign's favour

Peter Dominiczak / Telegraph   |   Sun, 12 Jun 2016 08:59:35

Weighing The Week Ahead: The Fed, Brexit, And Markets

Seeking Alpha   |   Sun, 12 Jun 2016 07:21:46

Brexit voters don't listen to elites. But they might listen to Labour

Economic discontent over globalisation leaves many voters wavering. Corbyn and McDonnell could make a decisive intervention for Remain if they chose Brexit is pointless - utterly pointless. It cannot even be distinguished by the label because the Brexit people are unable tell us with an ounce of conviction what they ...
William Keegan / Guardian   |   Sun, 12 Jun 2016 06:00:15

Brexit puts state pensions, NHS at risk, Cameron warns

U.K. state pension increases and heath spending are in danger if voters choose the Brexit, the Prime Minister told the Observer.
CNBC   |   Sun, 12 Jun 2016 05:24:00

Banks prepare for Brexit exodus

A slew of the City's biggest overseas banks are accelerating contingency plans to pull thousands of workers out of London.
Austrailian   |   Sun, 12 Jun 2016 04:57:00

FX And Oil Week Ahead: Gold Remains Unstoppable And The Greenback Gains On Brexit Worries

Seeking Alpha   |   Sun, 12 Jun 2016 04:33:00

Australian stock market expected to plunge amid Brexit fears

Polling before the British referendum has rocked European and US stocks, setting Australia up for a fall after long weekend Fears of economic instability in the eurozone are set to send shockwaves through the Australian stock market as the world sweats over whether Britain will bail on the EU. Polling ...
Australian Associated Press / Guardian   |   Sun, 12 Jun 2016 04:31:18

Why are many curry house owners favoring Brexit?

The support for Brexit from chefs and curry house owners, predominantly from Bangladesh, has come as a surprise voice in the debate, as the Leave campaign is widely perceived as anti-immigration. Their argument centers around "freedom of movement," one of the pillars of the European Union - meaning that citizens ...
Tyler Cowen / Marginal Revolution   |   Sun, 12 Jun 2016 04:26:54

UK - New Brexit poll shows 'Leave' camp ahead by 10 points

The UK's Brexit campaign is polling ahead for the fourth time this week after an online survey for The Independent newspaper showed the "Leave" camp extending its lead to 10 percentage points. ORB's online survey of 2,000 people, conducted June 8-9 for The Independent newspaper, suggested that 55 percent of ...
Guest Voice / Moderate Voice   |   Sun, 12 Jun 2016 04:17:10

EU referendum: Cameron issues Brexit pensions warning

David Cameron and George Osborne say they might not be able to protect future spending on pensions, the NHS and defence if the UK votes to leave the EU.
BBC   |   Sun, 12 Jun 2016 02:42:22

'We cannot be an island in science': Nobel winners urge voters to avoid Brexit

First it was statesmen, then soldiers, and finally CEOs. Now a group of scientists has urged U.K. voters to remain in the European Union, warning Saturday that Britain will lose funding, global influence and access to expertise if the nation votes to leave the 28-nation bloc.
The Associated Press / CBC   |   Sun, 12 Jun 2016 00:10:22

Labour needs to seize the day and make a powerful case for Remain | Andrew Rawnsley

Opposition voices against Brexit have been drowned out by the Tory-on-Tory slugfest. It's time to speak up I am tired of the sound of David Cameron. Says who? Says David Cameron himself. In the interview with him we publish today, the prime minister expresses regret that the referendum campaign has ...
Andrew Rawnsley / Guardian   |   Sat, 11 Jun 2016 23:08:06

Michael Gove thinks of England...and himself

Chris Riddell on the private thoughts of the Brexit campaigner Continue reading...
Chris Riddell / Guardian   |   Sat, 11 Jun 2016 23:05:07

A Brexit will badly affect UK expats

Like many pensioners I no longer live in the UK as my pension and savings go further, and my quality of life, to say nothing of the weather, is so much kinder to me here in Malta. Many of us have lived outside the UK for over 16 years and ...
Thomas Roy Waller, Qawra / Times of Malta   |   Sat, 11 Jun 2016 22:01:09

UPDATE 1-UK's Cameron warns health services, pensions could face cuts post-Brexit

LONDON, June 11 (Reuters) - Pensions and the publicly funded National Health Service could face cuts if Britons vote to leave the European Union, Prime Minister David Cameron told a Sunday newspaper,...
Reuters   |   Sat, 11 Jun 2016 21:55:24

Jeremy Corbyn under pressure, with Labour staff reduced to tears over Brexit

Tim Ross / Telegraph   |   Sat, 11 Jun 2016 21:00:25

UK's Cameron warns health services, pensions could face cuts post-Brexit

LONDON, June 11 (Reuters) - Pensions and the publicly funded National Health Service could face cuts if Britons vote to leave the European Union, Prime Minister David Cameron told a Sunday newspaper,...
Reuters   |   Sat, 11 Jun 2016 20:37:57

UK voters back Norway-style Brexit, poll reveals

Peter Spence / Telegraph   |   Sat, 11 Jun 2016 20:04:13

Faber: "Switzerland is doing much better than any other country in Europe. So maybe Britain would do the same?"

The European Union is an "empire that is hugely bureaucratic," warns Marc Faber, telling CNBC that he thinks that "a Brexit would be bullish for global economic growth," because "it would give other countries incentive to leave the badly organized EU...
Tyler Durden / SNB CHF Blog   |   Sat, 11 Jun 2016 19:40:16

IMF and Bank of England to spark fresh Brexit intervention row

Szu Ping Chan / Telegraph   |   Sat, 11 Jun 2016 19:40:02

UK polics podcast

The day after Brexit: what will happen if the UK votes to leave Europe?
FT   |   Sat, 11 Jun 2016 17:54:56

Ο αν Brexit

Mε τη εάν από την ΕΕ, ο σε του στο Spiegel. (adsbygoogle = window.adsbygoogle || []).push({}); - 11 2016 ο στο Der Spiegel ότι η θα εάν από την ΕΕ ότι με εάν η της δεν ο με το ότι ένα Brexit θα να σε ο και οι του ...
Κωνσταντίνος Α. / Eglimatikotita   |   Sat, 11 Jun 2016 17:45:13

Want to know what real racism is? Ask Donald Trump not Brexiteers

Janet Daley / Telegraph   |   Sat, 11 Jun 2016 17:30:03

Farage Threatens To "Destroy The Old EU" As Marc Faber Says Brexit "Best Thing In British History"

The European Union is an "empire that is hugely bureaucratic," warns Marc Faber, telling CNBC that he thinks that "a Brexit would be bullish for global economic growth," because "it would give other countries incentive to leave the badly organized EU." The Gloom, Boom & Doom-er explained that Brexit is ...
Tyler Durden / Zero Hedge   |   Sat, 11 Jun 2016 16:40:16

Massive Swing to Brexit

The campaign to take Britain out of the EU has opened up a remarkable 10-point lead over the Remain camp, according to an exclusive poll for the UK's The Independent. The survey of 2,000 people by ORB found that 55 per cent believe the UK should leave the EU (up ...
Robert Wenzel / Economic Policy Journal   |   Sat, 11 Jun 2016 15:32:00

Germany Panics Over Brexit - Largest Newspaper Begs Brits "Please Don't Go"

It appears the reality of the rising probability of Britain leaving the EU is dawning on the rest of Europe. So much so in fact that Germany's Der Spiegel magazine unleashes an English-language front-page urging "Please Don't Go! - Why Germany needs the British." As KeepTalkingGreece reports, the special edition ...
Tyler Durden / Zero Hedge   |   Sat, 11 Jun 2016 15:10:54

Swedish foreign minister says Brexit would be bad for EU

Sweden's foreign minister says a British exit from the European Union may destroy the 28-nation bloc
U.S. News   |   Sat, 11 Jun 2016 15:09:33

Post-Withdrawal Britain: Why the Swiss Model Wouldn't Work for the UK

The pro-Brexit camp is pointing to Switzerland and Norway as models for how Britain could take advantage of the common European market without being an EU member. Experts say those prospects are a
Spiegel   |   Sat, 11 Jun 2016 15:04:12

Black tie and Brexit: Osborne takes the Remain case to Mansion House

The chancellor and Bank governor Mark Carney have a chance to put the pro-EU position to the City this week - but have few new cards to play George Osborne's critics sense that his reputation as a master tactician is unravelling. His budget of 2012 was a clue to the ...
Phillip Inman / Guardian   |   Sat, 11 Jun 2016 15:00:14

UPDATE 2-Sterling hit after survey puts Brexit camp 10 points ahead

* British scientists endorse "Remain" campaign (Adds detail on pound's fall, ORB pollster, Farage comment)
Reuters   |   Sat, 11 Jun 2016 13:56:43

Britain's EU referendum: Counting the cost of 'Brexit'

Ahead of the UK's EU referendum, we examine the economic and political consequences of Britain leaving the Union.
Al Jazeera   |   Sat, 11 Jun 2016 13:33:49

Brexit Debate in Cornwall: Anti-EU Sentiment Despite EU Subsidies

The British holiday paradise of Cornwall has received hundreds of millions of euros from the EU. Despite these subsidies, many here favor Brexit. Why?
Spiegel   |   Sat, 11 Jun 2016 12:58:39

Rising chance of Brexit - polls, odds indicate

Betting odds on a British vote to exit the European Union narrowed today after an opinion poll gave the "Leave" camp a double-digit lead over "Remain." The implied probability of a vote to stay in the EU in a June 23 referendum fell to 70 per cent from 78 per ...
Times of Malta   |   Sat, 11 Jun 2016 12:22:00

Brexit could lead to EU break-up - Swedish FM Wallstrom

Britain's EU referendum could lead to the break-up of the European Union itself, Sweden's foreign minister tells the BBC.
BBC   |   Sat, 11 Jun 2016 11:59:20

Continental Divide: 'Brexit' Vote Splits British Political Duo

Prime Minister David Cameron and former London Mayor Boris Johnson have been trading barbs over whether Britain should remain a member of the European Union.
WSJ   |   Sat, 11 Jun 2016 11:56:19

Brexit or Bremain? Covering the EU referendum

As Britain's EU future hangs in the balance, are the media helping or hindering voters? And, Australia's refugee policy.
Al Jazeera   |   Sat, 11 Jun 2016 11:22:03

Germany and Brexit: Berlin has everything to lose if Britain leaves

Will the British really leave the EU? For Germany it would be a catastrophe. And yet Chancellor Merkel is still avoiding strident anti-Brexit warnings lest she boost its supporters.
Spiegel   |   Sat, 11 Jun 2016 10:22:00

Japanese firms operating in Britain concerned about Brexit

Japanese companies operating in Britain are increasingly concerned about the country's possible exit from the European Union, a move that, if it happens, is expected to push up their costs. Concern is growing ahead of a national referendum on June 23 on Britain's continued EU membership. A British exit, or ...
Japan Times   |   Sat, 11 Jun 2016 10:13:32

'Brexit': Hot topic for curry chefs

CNN   |   Sat, 11 Jun 2016 09:57:20

Sir James Dyson's Views On Brexit And Trade Are Absolute Cobblers

This is something of a disappointment as Sir James Dyson is right in his basic thinking, that Britain will be better off outside the European Union. However, to use the phrase that he himself uses, his ideas on trade are absolute cobblers. He is suggesting that if the remaining members ...
Tim Worstall, Contributor / Forbes   |   Sat, 11 Jun 2016 09:28:00

Bond Market Flight to Safety as Investors Sweat Over Brexit Risk, Wobbly US Economy, Negative Rates

Investors got a big dose of bad news about the economy and geopolitics and reacted accordingly.
Yves Smith / Naked Capitalism   |   Sat, 11 Jun 2016 09:25:28

Unilateral Free Trade Is The Only Sensible Trade Policy To Have

One of the more annoying things about the current Brexit debate (that is, the referendum on whether Britain should leave the European Union) is that people manage to get their message on trade so horrendously garbled. To the point that the Remain campaign are directly contradicting the Treasury report on ...
Tim Worstall, Contributor / Forbes   |   Sat, 11 Jun 2016 07:21:00

Dow Rises 0.3%, S&P Stays Flat in a Mixed Week

Dow Rises 0.3%, S&P Stays Flat in a Mixed Week for Stocks Brexit fears rattle U.S. equity investors, but world bond markets rise. How to track expectations for the next rate hike.Dow Rises 0.3%, S&P Stays Flat in a Mixed WeekBy Vito J. Racanelli Brexit fears rattle U.S. equity investors, ...
Barrons   |   Sat, 11 Jun 2016 07:09:04

Links for 06-11-16

The Fed Must Attack Low Inflation - Bloomberg View Trump, Clinton on the environment: a handy guide - Berkeley Blog Data Paranoia Watch: CPI Edition - Econbrowser For economists Project Fear is Brexit - mainly macro Helicopter money and fiscal...
Economist's View   |   Sat, 11 Jun 2016 07:06:00

Brexit Would Hand U.K.'s Trading Fate to Others

Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsChris Ratcliffe/Bloomberg NewsBrexit Would Hand U.K.'s Trading Fate to Others Many will vote to leave the EU in this month's U.K. referendum in hopes of ...
WSJ   |   Sat, 11 Jun 2016 07:02:42

Choose freedom: 28 countries, 500m people and one of the most successful liberalising projects in history

Amid the rows about EU migrants and the economic impact of a Brexit, let's not overlook the incredible achievements of the EU, writes Simon Hix. The single market is not just a matter of 'free trade' - it enables the free movement of people, goods and capital between 28 countries, ...
British Politics and Policy at LSE   |   Sat, 11 Jun 2016 06:00:07

EU referendum: Sir James Dyson says Britain better off out

Billionaire entrepreneur Sir James Dyson backs Brexit, saying the idea Britain could not trade successfully outside the EU is "absolute cobblers".
BBC   |   Sat, 11 Jun 2016 04:26:03

Markets tumble as Brexit looms

Global stocks fell on Friday. The MSCI world index sank 1.5 percent, its biggest drop since 8 February. The S&P 500 fell 0.9 percent, its biggest drop in three weeks. The STOXX Europe 600 plunged 2.4 percent, its third consecutive decline. The US 10-year Treasury note yield fell as much ...
lim / Skeptical Speculator   |   Sat, 11 Jun 2016 04:21:00

Brexit thoughts from the Antipodes

Quite recently my wife suggested a post on the contrast between British entry to the EU (or EEC as it was then) and the looming possibility of British exit. She is young enough that British entry was a featured topic in New Zealand history when she did School Certificate history ...
Michael Reddell / Croaking Cassandra   |   Sat, 11 Jun 2016 03:35:19

My First Foray Into Brexit

Brexithas finally becomethe 'binary outcome' trade of the day. Many Europeans have felt that U.S. markets have been ignoring Brexit as an issue. In some ways that wastrue as the concept of Brexit wasjust a bit too amorphous and distant to command a lot of attention here, especially as we ...
Peter Tchir, Contributor / Forbes   |   Thu, 9 Jun 2016 15:00:00

European Integration With or Without Britain

When British Prime Minister David Cameron agreed with the EU in February on revised membership terms for the UK, he insisted that the EU be recognized officially as a union." The muddled way his demand was fulfilled reflects enduring confusion about how such a union can function.
Kemal Derviş / Project Syndicate   |   Thu, 9 Jun 2016 14:53:29

Paris courts bankers threatened by Brexit

French capital launches campaign to woo City financiers in case Britain votes to leaves the EU
FT   |   Wed, 8 Jun 2016 20:24:35

Brexit threatens UK's role in the world

Why would China listen to us if our sway with Europe, and hence the US, had shrunk? asks John Kerr
FT   |   Wed, 8 Jun 2016 15:07:03

U.K. Triple A rating at risk on Brexit - S&P

Seeking Alpha / Seeking Alpha   |   Wed, 8 Jun 2016 12:17:55

Know-nothing Brexit party

Evidence is such a complicated thing
FT   |   Wed, 8 Jun 2016 11:38:47

Brexit: How long would UK take to leave?

Process could be delayed by Tory leadership contest and EU negotiations
FT   |   Tue, 7 Jun 2016 22:23:59

COLUMN-Fed to move post big vote, and I don't mean Brexit: James Saft

June 7- Americans are likely to know both who their new president is and how their Thanksgiving turkey tastes before they get an interest rate increase. Fed Chair Janet Yellen fully earned her scouting badge for central banking speech-making on Monday, managing to be vague, reassuring and noncommittal in more ...
CNBC   |   Tue, 7 Jun 2016 19:00:00

Economic arguments about Brexit have succumbed to group-think

Roger Bootle / Telegraph   |   Sun, 5 Jun 2016 18:55:29

David Cameron Says Brexit Would Cause Mortgage Increases

David Cameron, the British Prime Minister, is piling on the fear, uncertainty and doubt over the upcoming referendum on whether Britain should leave the European Union. The latest threat is that if Brexit happens, if Britain becomes newly sovereign again, then mortgages will become more expensive. This of course strikes ...
Tim Worstall, Contributor / Forbes   |   Sun, 5 Jun 2016 07:16:00

Support for Brexit is no longer a minority viewpoint on the British left

In recent years, Euroscepticism has frequently been associated with the right of the political spectrum in the UK, but a number of figures on the left have also voiced their support for the country leaving the EU. Imke Henkel writes that while criticism of the EU's handling of the Eurozone ...
Blog Admin / British Politics and Policy at LSE   |   Wed, 1 Jun 2016 11:00:45

A British Test of Reason

If voters in the UK decide in the country's referendum on June 23 to leave the EU, it will not be for economic reasons; indeed, it is more than apparent that Brexit would carry huge economic costs. So why does the outcome of the vote remain far from certain?
Jean Pisani-Ferry / Project Syndicate   |   Tue, 31 May 2016 17:23:30

Brexit 'an enormous economic problem'

Former Prime Minister Tony Blair says leaving the EU would create "an enormous economic problem" following any Brexit vote on 23 June.
BBC   |   Sun, 29 May 2016 12:44:49

Economists overwhelmingly reject Brexit in boost for Cameron

Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy ...
Sonia Sodha, Toby Helm and Phillip Inman / Guardian   |   Sat, 28 May 2016 19:30:13

A Post-Referendum Agenda for Britain

Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Chris Patten / Project Syndicate   |   Thu, 26 May 2016 15:33:30

S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P ...
Will Martin / Business Insider   |   Wed, 25 May 2016 13:31:01

IFS warns Brexit would extend austerity for two more years

Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 23:01:23