You are here: Home - Investing -

EU exit would be ‘loss/loss’ scenario for UK – Goldman

Written by:
There would be no winners and only economic losers should the UK exit the European Union (EU), according to Goldman Sachs.

The investment bank issued a note to investors saying any move away from Europe would be a “loss/loss scenario”, the Telegraph reports.

The note said Goldman does not expect a referendum because the Conservatives first need to win an outright political majority and, the bank thinks “at this stage, this does not appear likely”.

Kevin Daly, part of the investment bank’s economic team,  said a UK exit would “come with a significant economic cost to the UK” because it is “highly integrated” with the EU, according to the Telegraph.


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
High inflation hits UK economy by £10bn, report finds

High inflation has hit the UK economy by £10bn over the past three years, according to a report from Ernst...