Brexit 'would trigger economic and financial shock' for UK

Credit Suisse analysts predict leaving EU would cause snap recession, hit share and house prices and knock up to 2% off GDP

A UK vote to leave the EU would trigger a snap recession, prompt a fall in share prices and house prices and knock as much as 2% off GDP, according to analysts at the investment bank Credit Suisse.

Wading into the debate over the upcoming referendum, they predict the UK will probably vote to stay in the bloc. But were the public to opt for Brexit, the consequences would be "drastic and long lasting", say the analysts.

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