EU referendum: top economic thinktank warns of post-Brexit shocks
by Phillip Inman and Angela Monaghan from Economics | The Guardian on (#1D963)
NIESR forecasts sterling to plunge 20% with prices to soar, pay and growth to fall steadily but immigration unlikely to be cut sharply
The pound would plunge 20% immediately after a Brexit vote in June, according to a leading economic thinktank.
The National Institute of Economic and Social Research (NIESR) has also forecast that prices will soar and Britain's growth rate will be 1% lower next year if there is a vote to leave the EU.
Related: Brexit 'unlikely to mean deep migration cuts but may lead to 2p tax increase'
Related: Business support for EU membership has fallen in run-up to vote
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