Boost for IN Campaign as 9 in 10 economists say leaving EU would damage UK economy….reports Asian Lite News
A staggering nine in ten of the country’s top economists agree leaving the EU would damage the UK economy, according to the largest ever survey of its kind.
In an IPSOS Mori poll of over 600 respected economists, commissioned by the Observer, 88% of respondents said leaving the EU single market would damage Britain’s growth prospects over the next five years.
The unprecedented level of consensus amongst the country’s leading economists will come as a major setback for the Leave campaign, which has struggled to find a single credible economic institution to back its claims.
82% of respondents said they believed an EU exit would cut household incomes and 61% thought unemployment would rise.
The Prime Minister, David Cameron, said: “This poll confirms the overwhelming view of economists – leaving the EU would damage our economy, costing jobs and increasing prices. “We are stronger, safer and better off in the EU.”
Former Business Secretary Sir Vince Cable said: “Nine in ten of the country’s top economists now agree that leaving the EU single market would be hugely damaging to our economy.
“This adds to the existing consensus amongst economic experts, from the IMF to the Bank of England, that a vote to leave would hurt jobs and family finances.”
Britain Stronger in Europe Campaign Director Will Straw said: “This is the final nail in the coffin of the leave campaign’s economic credibility. It is becoming clear that leaving is a risk we simply cannot afford to take.”