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Straits Times (Singapore):
The numbers show Britain should stay in the EU

19 April 2016

A very awkward fact for the Brexit campaign is that in the last quarter of 2015, Britain's current-account deficit hit a record 7 per cent of GDP. That needs to be financed. But the risk of Brexit is already acting like a flashing red light to foreign investors. According to the Centre for Economic Performance at the London School of Economics, leaving the EU could reduce foreign direct investment in the UK by 22 per cent and real income by 3.4 per cent.

This article was published online by the Straits Times (Singapore) on April 19, 2016
Link to article here

Related publications
The Impact of Brexit on Foreign Investment in the UK, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis No.3, April 2016
See the complete set of CEP Brexit Analysis research papers here.

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

Read more... Straits Times (Singapore)