Article 1DX51 Brexit could shift Europe's political centre of gravity, says Fitch

Brexit could shift Europe's political centre of gravity, says Fitch

by
Katie Allen
from on (#1DX51)
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Vote to leave EU would have palpable effect on economies of other members and lead to disharmony, says ratings agency

A vote for Brexit in next month's referendum could lead to disharmony across the rest of the 28-member bloc, strengthen anti-EU groups and dent other European economies, a leading credit ratings agency has warned.

Fitch, which previously warned that Brexit could hurt the UK's strong credit score, reiterated the risk in an update to investors on Monday. It also warned that a vote to leave the EU on 23 June could hurt British airlines and trigger further failures in the retail sector, but that a weaker pound would bolster exporters' competitiveness.

Related: EU referendum: George Osborne and Ed Balls unite to argue for Remain - Politics live

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