Good week for remain campaign as Obama and Carney unleash the Brexit fear factor

The almost apocalyptic paper concluded that a Canadian-style model (if the UK negotiated a new trade deal with the EU that did not require freedom of movement) would reduce Britain's GDP by 6.2pc, with many press articles running with the Treasury's forecast that an exit could cost househo...

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Bibliographic Details
Published inIrish independent
Main Author Doyle, Justin
Format Newspaper Article
LanguageEnglish
Published Dublin Independent News & Media 29.04.2016
Subjects
Obama, Barack
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Summary:The almost apocalyptic paper concluded that a Canadian-style model (if the UK negotiated a new trade deal with the EU that did not require freedom of movement) would reduce Britain's GDP by 6.2pc, with many press articles running with the Treasury's forecast that an exit could cost households Pounds 4,300 a year. Supporters of the 'remain' campaign rightly used the US intervention to prove that one of the leave campaign's core arguments (ability to quickly negotiate a better trade deal) is intrinsically flawed. It seems that last week's Treasury report, Dr [Mark Carney]'s testimony and President [Barack Obama]'s US intervention are seeing some risk premium of a Brexit unwind in currency markets.