Bank of England: Brexit could 'materially' lower UK growth
The Bank of England has warned that Britain leaving the EU could "materially" lower UK growth and lead to sharp falls in the value of the pound.
The Bank of England has warned that Britain leaving the EU could "materially" lower UK growth and lead to sharp falls in the value of the pound.
The economy and immigration dominated discussions over the EU referendum campaign today.
Mark Carney, the governor of the Bank of England, predicted another recession should Britain vote to leave Europe, with higher inflation, higher unemployment and a weaker pound.
And the Office for National Statistics announced that the number of people arriving in the UK from the EU - as counted by National Insurance applications - was far higher than the figures the government has been relying on.
ITV News deputy political editor Chris Ship reports:
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