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The Independent:
EU referendum: Brexit would spark 'constitutional crisis' for UK, warns Welsh First Minister Carwyn Jones

18 March 2016

A vote to leave the European Union would spark a 'constitutional crisis' that could put the future of the UK at risk, according to the Welsh First Minister. In an exclusive interview with The Independent, Welsh leader Carwyn Jones used the strongest language of the referendum campaign so far to warn of the disastrous political consequences if the separate nations of the UK vote different ways in June.

A financial shock to rival the 2008 crash - or 'An inspiration'? Quitting the EU could cost every UK family £6,400, delivering a shock to incomes equivalent to the 2008 banking crash, says a study published yesterday. In the most optimistic scenario, average incomes would fall by £850 per household, said the Centre for Economic Performance at the London School of Economics. Britain's GDP would fall by £26bn-£55bn due to lower trade and productivity, a bigger hit than the other 27 EU states combined, it said.

This article was published by The Independent on March 18, 2016
Link to article here

Related publications
The consequences of Brexit for UK trade and living standards, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.2, March 2016.
Download the accompanying Technical Paper here
See the complete CEP Brexit Analysis Series here

Related links
Swati Dhingra webpage
Hanwei Huang webpage
Gianmarco Ottaviano webpage
Thomas Sampson webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage

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