Alison McGovern

Wirral South

Treasury figures reveal the threat to UK economy in the event of a vote to exit the EU

There is now less than a month to go until Britain decides whether to remain or leave the European Union on 23 June.

It is easy to be distracted from the arguments of whether to remain or leave the EU with all the disagreements happening within the government but it is important that people are given the facts of what a Brexit would mean. I believe it is facts that the British people want to know to make an informed decision rather than Tory spats.

The economy will be a big consideration for people when making a decision. My view is that I firmly believe that as a country we are better off as part of the EU and I believe our economy will be stronger in the event of a remain vote.

The Treasury has released figures this week which predict that there will be a shock to the economy if we leave.

We have been in the EU since 1973 so it is a risk to leave as no one can be sure what will happen to the economy in the event of a leave vote. However the Treasury has found that a leave vote would damage Britain’s economy.

The Treasury figures are a concern with the report finding that Britain would be in a recession if we leave and that there would be a rise in unemployment. The report found that after two years unemployment could increase by around as much as 800,000 in the worst case. I personally believe that leaving the EU is a risk that Britain can’t afford to take. Our economy is too important to risk for the sake of jobs and the large amount of trade that we have with the EU. In terms of our exports the EU is our most important destination.

You can read the full Treasury analysis here https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu. I am happy to meet with constituents to discuss my view ahead of the referendum.

I’d also just like to remind people that there will be a North West WASPI meeting this Saturday between 10am-1pm at Jack Jones Unite building in Liverpool. Please RSVP by contacting my office and they will confirm the details

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