Brexit poses ‘significant’ cost to EU

A leading economics group in London said yesterday that the effects of the rest of the EU — including Ireland — “could be significant” if Britain were to vote to leave the EU.

However, Capital Economics — which has, in the past, questioned more than most the benefits of EU membership to the UK — maintains that “the costs and benefits” on Britain itself leaving the EU “would be small”.

The two-day EU summit starting on Thursday is widely seen as the best opportunity for Britain to strike an agreement with the EU over revised terms if its to stay in the EU.