15th March 2016
Five common “myths” of Brexit dispelled in Rathbones report
While some believe the UK’s financial contribution to the EU’s budget is a waste of money, others warn that an emerging European superstate, which is both unaccountable and unelected, poses a threat to national sovereignty.
The conversation surrounding the possibility of the UK leaving the EU is so popular today that it even has its own name — Brexit.
In the run-up to the referendum on 23 June 2016; Rathbones, one of the UK’s leading providers of investment management services has released a paper considering the potential consequences of the imminent EU referendum, through a framework of five key myths:
Myth 1:
- Immigration (effects on wages and employment): The first of these myths is that immigration has held down wages and pushed up unemployment for UK nationals: the evidence suggests this has not happened. Therefore, we do not expect wage growth to increase or unemployment to fall substantially if the UK votes in favour of Brexit.
Not yet registered?
Please complete this form to join our community