B-leave or Bre­main? World watches as UK de­cides

Financial Mirror (Cyprus) - - FRONT PAGE -

world lead­ers are not helping ei­ther. The World Bank, the Bank of Eng­land, the OECD, the IMF and the WTO are in favour of Bri­tain re­main­ing in the Euro­pean Union. The lat­est Fi­nan­cial Times poll (Thurs­day, June 16) in­di­cated a 47% leave ma­jor­ity and a 44% re­main mi­nor­ity. With such vary­ing opin­ions, it is near im­pos­si­ble to an­tic­i­pate the likely out­come of the vote. Brex­i­teers claim that by leav­ing the Euro­pean Union, Bri­tain will save it­self GBP 8 bil­lion ev­ery year from reg­u­la­tion alone. The IMF coun­ters that ar­gu­ment by say­ing that in­come and trade losses would to­tally up­end the sav­ings gen­er­ated.

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