And last week, U.S. President Barack Obama warned Britain would move
to "the back of the queue" in trade talks with Washington if it left
the bloc.
Brexit would cost Britons a month's salary by 2020 - OECD(India Times)
Leaving the European Union would cost the average working Briton the equivalent of a month's salary by 2020, the Organisation for Economic Co-operation and Development said on Wednesday, joining a list of economic bodies warning against an exit.
Angel
Gurria, secretary general of the organisation which groups many of the
world's leading economies, said Britain would have less access to the
bloc's single market, and "Out" campaigners were indulging in wishful
thinking ahead of the country's referendum on June 23.
Campaigners
in the "Vote Leave" camp dismissed the comments, saying the OECD's
credibility was damaged by its past promotion of the benefits the euro,
and the fact that it received some funding from the European Commission.
Support
for the campaign to get Britain out of the European Union has risen in
recent days, two opinion polls showed on Tuesday, in the face of calls
from U.S. President Barack Obama and other global figures for the UK to
stay in the bloc.
"There is no kind of deal that could go better by yourselves than you would be in the company of the Europeans," Gurria said before the release of an OECD report on Brexit later on Wednesday.
"WISHFUL THINKING"
"We
made a whole series of calculations and we came out saying Brexit is a
tax ... It's equivalent to roughly missing on one month's income within
four years and then it carries on ... and there's a consistent loss," he told the BBC.
"This
is not wishful thinking, which we believe that the Brexit camp has in
many cases been assuming on a number of things that, you know, could go
in their way," he said.
Britain could see a hit to investment and would not have a better deal on the flows of migrant workers, he added.
"Out"
campaigners, chief among them London Mayor Boris Johnson, argue that
Britain's economy would flourish outside the EU by saving its annual
contributions to bloc, freeing itself of red tape and striking its own
trade deals.
"After (we) Vote Leave and take
back control we will be able to cut our tax bill because we will no
longer have to fund overpaid and under-taxed international bureaucrats," Vote Leave spokesman Robert Oxley said in response to Gurria's comments.
Earlier this month the International Monetary Fund said Brexit would deal a damaging blow to the global economy.
And
last week, U.S. President Barack Obama warned Britain would move to
"the back of the queue" in trade talks with Washington if it left the
bloc.
The OECD's warning of lost income to British
workers echoed the message from Britain's finance ministry which said
last week that households would be 4,300 pounds ($6,281) worse off each
year by 2030 if the country left the EU than if it stayed.
($1 = 0.6846 pounds)
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