EU Referendum, One Month to Go - Investec
Research Team at Investec, suggests that with only one month to go from
today until the EU referendum, the UK press is dominated by the topic.
Key Quotes
“Today's papers are covered with headlines from a Treasury report set
for release today, which is estimates that an EU exit could lead to a
twelve month recession in the UK, and a drop in UK house prices.
Additionally, George Osborne and David Cameron will be speaking today,
warning of the risks of a Brexit. Mr Cameron wrote in the Sun newspaper
the cost of a weekly shop could rise by almost 3% while clothes and
shoes could rise 5%. This comes as the UK Treasury analysis said a
Brexit could see the pound drop as much as 12% on average, sending
prices sharply higher.
At the weekend's G7 meeting held in Japan, Bank of Japan governor Kuroda
was asked whether China, Brexit, or the Federal Reserve raising US
interest rates was the biggest threat to global economic stability. The
answer was Brexit. While domestically, a political storm has gathered
around the UK's right to veto a Turkish membership bid and whether it
would be too difficult to oppose, as the EU have struck an agreement
with Turkey over migrants.
The latest EU referendum opinion poll released over the weekend by
Opinium/Observer showed 44% Remain, 40% Leave, and 14% undecided. Of
those votes, 48% of Conservative voters favour staying in the EU, while
41% seek to leave. This was an online poll of 2,008 UK adults conducted
between May 17-19.”
