Is this the 'scaremongering' they talk about?
'Hard Brexit' could cost 66 billion pounds a year: Times
The United Kingdom could lose up to 66 billion pounds a year under a "hard Brexit", The Times reported citing leaked government papers. GDP could fall by as much 9.5 percent if Britain leaves the European Union compared with if it stays within the union, The Times reported. The 66-billion-pound figure was in a draft cabinet committee paper which was seen by The Times. A report by consultancy firm Oliver Wyman earlier this week said Britain's financial industry could lose up to 38 billion pounds in revenue in a 'hard Brexit'. A quarterly survey of 7,000 businesses by the British Chambers of Commerce (BCC) on Monday ... (full story)