Leaving the EU would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020, a report commissioned by the CBI business lobby group has warned.
CBI Director-General, Carolyn Fairbairn, has warned that leaving the EU would cause a serious shock to the UK economy, with a potential cost to UK GDP of £100 billion and 950,000 jobs by 2020 and negative echoes that could last many years after that. “This analysis shows very clearly why leaving the European Union would be a real blow for living standards, jobs and growth,” said the director general of the CBI in an economics lecture at London Business School (03.21, link to the speech ). “The
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