LONDON, 19 June. / Corr. Ilya Dmitryachev TASS /. UK Finance Minister George Osborne believes that the consequences for the economy of the Kingdom in the case of the European Union the composition may be even worse than that provided by the most negative scenario of the International Monetary Fund (IMF). With such a warning to the head of the department was made in an interview with ITV television channel, speaking about the consequences of a possible rupture of relations with Brussels by the end of the scheduled June 23 referendum on UK membership in a community of 28 countries.
“The main forecast (IMF) is that our GDP is 5-6% percent less Personally, I think that, perhaps, it will be much worse than this “-. said the head of the Ministry of Finance
According to the IMF’s pessimistic scenario, then. withdrawal from the European Union accession negotiations in one form or another to the free EU market will be difficult to go, and eventually the UK will start to rely solely on the rules of the World trade organization (WTO). The IMF estimates that this will lead to the fact that in 2019 British GDP will be 5.6% lower than it could be, stay in the country of the EU. According to the optimistic scenario, GDP will fall this year, 1,4%.
Earlier this week, Osborne said he plans to raise income tax, excise taxes on gasoline and alcohol, as well as to reduce funding for health, education and defense in case of victory in the referendum, eurosceptics. These harsh measures, Finance Minister intends to deal with the hole in the budget of 30 billion pounds ($ 42 billion), which, according to his calculations, will appear in the case of the country’s exit from the EU.
The upcoming plebiscite will be the third national referendum in the history of the United Kingdom. In 1975, the British supported the country’s membership in the European Economic Community, and in 2011 conducted a nationwide vote on the issue of changing the electoral system in the UK.
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