It’s not my country and definitely not my decision. But I live here. So, results might have relevant impact on my future. No comments: just a few numbers from a today live Q&A with Treasury. The full Treasury’s report is here.
Treasury: impact of Brexit over 2yrs (compared w/ baseline)
GDP: -3.6%
CPI: +2.3%
Unemployment: +520k
Real wages: -2.8%
House prices: -10%— Ed Conway (@EdConwaySky) May 23, 2016
Treasury warns unemployment cld rise by 820k over 2yrs, wages wld be hit by 4%, house prices by 18% if UK leaves EU, in short-term analysis
— Ed Conway (@EdConwaySky) May 23, 2016
To be clear – Treasury “18% house price impact” is compared to remain scenario – not absolute fall. Blog explains https://t.co/LBbLl5InKx
— Kamal Ahmed (@bbckamal) May 20, 2016