Friday, 27 May 2016

Brexit would be serious risk to global economic growth, say G7 leaders

A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, as Prime Minister David Cameron urged voters to "listen to our friends" on the impact of Brexit.

Brexit was not formally on the agenda at the two-day summit in Japan and despite both German Chancellor Angela Merkel and French President Francois Hollande saying the issue had not been discussed, Cameron said "one or two people" had raised it.

"A UK exit from the EU would reverse the trend towards greater global trade and investment, and the jobs they create, and is a further serious risk to growth," G7 leaders said, in the only reference to the vote in a 32-page declaration.

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