EU Exit Would Cost Britain Up To £215 Billion, German Study Predicts – 27 April 2015

RT logoA British exit from the European Union could cost the UK billions of pounds, a report published by two German institutes predicts.

The study by Bertelsmann Stiftung and Ifo Institute calculates if the UK leaves the EU the country could lose 14 percent of its GDP – equivalent to £215 billion.

Germany and other EU member states would also lose out financially, although not as much as Britain.

Even if Britain was successful in negotiating a trade agreement with the EU, the studies found the cost of a ‘Brexit’ would outweigh the benefits.

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