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In Facts - Why Britain Should Stay in the EU:
Bank of England governor: Brexit could trigger recession

12 May 2016

Brexit uncertainty ''would tend to push up risk premia'', as InFacts has already pointed out. Funding costs for banks could go up, as would borrowing costs for homeowners and consumers. The UK's current account deficit is high, and a weaker outlook for the British economy ''could call into question'' our ability to finance it by attracting savings from abroad, with further consequences for growth. In giving this warning, the Bank of England joins the National Institute for Economic and Social Research, the Treasury, the OECD, the IMF, and the London School of Economics in saying leaving the EU would be bad for the economy.

This article was published online by In Facts on May 12, 2016
Link to article here

Related publications
See the complete set of CEP Brexit Analysis research papers here.

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

Read more... In Facts - Why Britain Should Stay in the EU