The U.K. general election is six weeks away and the results could lead to a referendum on leaving the European Union. A leading European think tank has warned of potentially huge economic consequences. Richard Bestic filed this report from London.
CORRECTION: Earlier story said UK would vote on leaving European Union.
United Kingdom election could lead to vote on leaving European Union
The U.K. general election is six weeks away and the results could lead to a referendum on leaving the European Union. A leading European think tank has warned of potentially huge economic consequences. Richard Bestic filed this report from London.Highlights:
- British Prime Minister David Cameron has reluctantly promised a referendum after the General Election now just over six weeks away.
- 60% of UK trade is with the EU, so according to the organization Open Europe, the price of leaving the EU could be as high as $85 billion a year.
- That would see the UK economy shrink by 2.2%.
Brian Beary of Europolitics on the UK leaving the EU
For more on the implications of UK leaving the EU, CCTV spoke to Brian Beary, the Washington Correspondent for Europolitics, the Brussels-based European affairs newspaper
Brian Beary from Europolitics on possibility of UK leaving the EU
For more on the implications of UK leaving the EU, CCTV spoke to Brian Beary, the Washington Correspondent for Europolitics, the Brussels-based European affairs newspaperCORRECTION: Earlier story said UK would vote on leaving European Union.