BlackRock: Brexit would leave UK 'economically worse off'

The paper warns that Britain's exit from the European Union would offer a lot of risk with little obvious reward as it would lead to lower UK growth and potentially higher unemployment and inflation. The UK could face reduced ability to negotiate regulatory standards for EU market access, the loss of a major budget contributor, and the emboldening of populist political parties, the paper cautions. The report Brexit: Big Risk, Little Reward - The UK Referendum on Europe has been published by the BlackRock Investment Institute, authored by the firm's five top executives, including vice-...