According to Bertelsmann Stiftung, a German think tank, an exit from the EU would have a worse impact on Britain than any other EU nation.<\/p>\n
The German study indicated that the UK economy would experience \u201clong-term negative consequences\u201d and only witness slow growth following the loss of trade benefits with its current EU partners.<\/p>\n
The think tank produced three scenarios based on Britain leaving the EU in 2018, indicating three separate hypothetical results for 2030.<\/p>\n
In a best outcome scenario the UK could hope to obtain a similar trade agreement to the one that Switzerland has in place with its former EU partners; however, at the other end of the scale, Britain could completely lose all its free trade agreements.<\/p>\n
The sectors expected to be worst affected by a \u201cBrexit\u201d include financial services, chemicals, automotive and mechanical engineering.<\/p>\n
Gross domestic product (GDP) loss per head anticipated to range from\u00a0anything between 0.6 (in a best case scenario) to 3 per cent.<\/p>\n
\u00a3224bn would be lost from the UK economy if the worst case scenario became a reality.<\/p>\n
Aart De Geus, the chairman of Bertelsmann Stiftung, said: \u201cA Brexit is a losing game for everyone in Europe from an economic perspective alone \u2013 particularly for the UK.<\/p>\n
\u201cBut aside from the economic consequences, it would be an especially bitter setback for European integration as well as Europe\u2019s role in the world.<\/p>\n
\u201cSetting the course for a Brexit in the general election would weaken the EU.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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