Brexit would send economic shockwaves across the world, warns OECD...

Daily Mail
June 1, 2016

Brexit would cost each worker in the UK £3,200 a year by 2030 and send economic shockwaves across the world, an alarming report by a leading international institution warned today.  

In a further example of international institutions ramping up their warnings of Britain leaving the EU, the Organization for Economic Cooperation and Development (OECD) predicts that the British economy outside the EU would be 5 per cent smaller in 2030 than if it stays in the union.

Under a more pessimistic scenario, the cost of leaving would be even higher – rising to the equivalent of £5,000 per household, according to the organisation.

Even by 2020 the economic impact of leaving the EU will cost each British worker the equivalent of a month’s salary, the OECD forecasts.

It warned that Brexit could give the UK economy a ‘major negative shock’, forecasting national income would be more than 3 per cent lower than it would have been if Britain remained in the EU by the end of the decade – the equivalent of £2,200 per household.

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