Brexit backers widen lead over opponents in new United Kingdom poll
There is no way of knowing exactly how the British economy would cope with a Brexit.
Schaeuble said if Britain leaves, the possibility of other countries following its lead “cannot be ruled out”.
The “B” word is still being used in internal communications however, whilst officials have stopped using it at press conferences.
Currency turbulence. London is one of - if not the - most important global financial centers, and the British pound sterling is one of the world’s stable “reserve” currencies.
US Democratic presidential front-runner Hillary Clinton also wants Britain to stay in the EU.
Tim Farron, leader of the fervently pro-EU Liberal Democrats, Britain’s fourth-biggest party, said: “Younger people are overwhelmingly pro-European, and if they are disenfranchised it could cost us our place in Europe”.
The full statement can be read here.
Osborne also said in his interview with the BBC that the government was sticking to its target of bringing net migration into Britain to below 100,000, something it has missed by a wide margin in recent years.
The 73-year-old finance minister, a veteran of German and European politics, said it would be a “miracle if a Brexit didn’t bring economic disadvantages” for Britain.
The Union is still supported among newer members, with 72 percent of Poles and 61 percent of Hungarians expressing a favorable view, compared to only 27 percent of Greeks.
But some conservatives say Brexit would spur growth by freeing the United Kingdom from regulatory overreach by European Union bureaucrats.
Brexiteers argue that’s an unnecessarily gloomy scenario, and Britain could easily join other non-EU countries that have economic agreements, such as Norway.
“At some point, the British will realise they have taken the wrong decision”, he said. “In particular, it seems that while the Remain camp may be winning on the macroeconomic case, people are not convinced this will have any impact on their own standard of living. ‘Project Fear’ will be much less effective if we think it’s only happening to someone else”.
Although it says leaving the European Union would result in an immediate £8 billion boost to the UK’s coffers as we would no longer need to pay money to Brussels, this would be undermined by a shrinking economy.
Even if a Brexit is narrowly averted, he said, “we would have to see it as a warning and a wake-up call not to continue with business as usual”.
“Unless “Vote Leave” can find more believable messages for those sitting on the fence, the large number making their final decision at the last moment could tip the scales in favour of Remain”, Opinium managing director James Endersby said.