As the financial crisis in Europe intensifies, the UK has been handed a boost after a respected think-tank predicted that should the euro collapse, it would cost the economy "much less than feared". The Centre for Economics and Business Research (CEBR) said the "on-off" Greek referendum has forced Europe "to look over the edge and confront the issue of the break-up of the eurozone". In a report released today, the body predicted that UK GDP would fall about 0.5 per cent in the year the euro collapsed, mainly driven by slower growth in export markets. Douglas McWilliams, chief executive of the CEBR, said: "But we do ... (full story)