According to the OECD
EU referendum: OECD warning of 'Brexit tax' sparks row - BBC News
Not surprisingly the Kippers have dismissed it all as fear mongering by The Establishment (TM):
Failed politicians like Farage?
EU referendum: OECD warning of 'Brexit tax' sparks row - BBC News
Leaving the EU would be the equivalent of imposing an additional "tax" of one month's income on UK workers, a leading economic think-tank has said.
The Organisation for Economic Co-operation and Development (OECD) said economic growth would be lower outside the EU as the UK could not negotiate a "sweeter" deal on trade and investment.
The Organisation for Economic Co-operation and Development (OECD) said economic growth would be lower outside the EU as the UK could not negotiate a "sweeter" deal on trade and investment.
The OECD will release its assessment of the economic consequences for the UK of leaving the EU later on Wednesday.
But, ahead of the report's publication, its secretary general Angel Gurria told the BBC that he had no doubt that leaving would be a "bad decision" and expressed surprise that the UK was even contemplating such a move.
"Brexit is like a tax. It is the equivalent to roughly missing out on about one month's income within four years but then it carries on to 2030," the former Mexican politician told BBC Radio 4's Today programme.
"That tax is going to be continued to be paid by Britons over time."
This forecast, he explained, was based on the assumption that growth rates would be lower-than-expected outside the EU because there was "no kind" of trade deal that the UK could do "better by yourselves than you would be in the company of the Europeans".
"We have done the comparisons, we have done the simulations," he said.
"In the end we come out and say: why are we spending so much time, so much effort and so much talent in trying to find ways to compensate for a bad decision when you do not necessarily have to take the bad decision?
"This is not wishful thinking - which we believe that the Brexit camp in many cases has been assuming. There is absolutely no reason why you would get a sweeter trade deal than you already have, no reason why you would have a sweeter investment deal."
But, ahead of the report's publication, its secretary general Angel Gurria told the BBC that he had no doubt that leaving would be a "bad decision" and expressed surprise that the UK was even contemplating such a move.
"Brexit is like a tax. It is the equivalent to roughly missing out on about one month's income within four years but then it carries on to 2030," the former Mexican politician told BBC Radio 4's Today programme.
"That tax is going to be continued to be paid by Britons over time."
This forecast, he explained, was based on the assumption that growth rates would be lower-than-expected outside the EU because there was "no kind" of trade deal that the UK could do "better by yourselves than you would be in the company of the Europeans".
"We have done the comparisons, we have done the simulations," he said.
"In the end we come out and say: why are we spending so much time, so much effort and so much talent in trying to find ways to compensate for a bad decision when you do not necessarily have to take the bad decision?
"This is not wishful thinking - which we believe that the Brexit camp in many cases has been assuming. There is absolutely no reason why you would get a sweeter trade deal than you already have, no reason why you would have a sweeter investment deal."
But Vote Leave said the body was "in the EU's pay", getting £23m since 2007.
And UKIP's Nigel Farage said "markets not failed politicians" decided trade.
And UKIP's Nigel Farage said "markets not failed politicians" decided trade.
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