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IMF: Brexit hit to UK could be 'pretty bad to very, very bad'

Britain leaving the EU could have a "negative and substantial effect" on the UK's economic growth, the International Monetary Fund has said.

"A vote for exit would precipitate a protracted period of heightened uncertainty, leading to financial market volatility and a hit to output," the IMF said in a report published on Friday.

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The IMF has been unreliable in the past - can we trust their Brexit warning?

The International Monetary Fund (IMF) today warned that Britain leaving the EU could have a "negative and substantial effect" on the country's economic growth.

IMF boss Christine Lagarde told ITV News that a post-Brexit Britain would have to go through "a protracted period of negotiations" with partners who may not be very keen to give the country a good deal.

But some might argue the IMF has a less-than-reliable track record on economic forecasting - and given that Ms Lagarde has admitted getting things wrong in the past, why should we trust her now?

ITV News presenter Julie Etchingham sat down with her to quiz her on her remarks:

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