UK Membership of EU
(asked on 23rd March 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what advice he has received from the Office for Budget Responsibility on the effect on the economy in the event of the UK leaving the EU.
This question was answered on 11th April 2016
A vote to leave the EU is identified as an economic risk in the OBR’s March 2016 Economic and Fiscal Outlook, which states that it “could usher in an extended period of uncertainty regarding the precise terms of the UK’s future relationship with the EU. This could have negative implications for activity via business and consumer confidence and might result in greater volatility in financial and other asset markets”.