27-04-2016 12:47 via news.yahoo.com

UK faces 'major negative shock' if leaves EU - OECD

By William Schomberg LONDON (Reuters) - Britain's large current account deficit could become harder to finance and sterling might slide if it votes to leave the European Union at a referendum in June, the Organisation for Economic Co-operation and Development said on Wednesday. In the latest warning from an international body about the risks of a so-called Brexit, the OECD said Britain's economy would suffer a "major negative shock" and be 3 percent smaller by 2020 if it left the EU than if it s
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