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Investors have bet more than £11 billion on Brexit crushing the pound

Business & Finance : Business Insider: Clusterstock

Investors are putting billions of pounds worth of bets on the pound crashing should Britain vote to leave the European Union in June. According to data compiled by Bloomberg, investors have piled up more than £11 billion ($15.5 bill...

EU Seeks €20 Billion Brexit Divorce Settlement

Business & Finance : Zero Hedge

Submitted by Michael Shedlock via MishTalk.com, The price of Brexit is high and rising. On top of previous demands such as a “fair but inferior deal” for the UK, the EU now wants a €20 billion divorce settlement as the UK’s “fair sh...

The EU is likely to punish Britain in 2 ways for curbing immigration in a Brexit divorce deal

Business & Finance : Business Insider: Clusterstock

One of the key reasons a big chunk of Britons support a Brexit — Britain leaving the European Union — is the issue of immigration. But even if Britain decided to leave the 28-nation bloc after voting in the referendum on June 23, Si...

A 'Hard Brexit' is going to cost Britain's economy £66 billion a year in lost revenue

Business & Finance : Business Insider: Clusterstock

Britain's government predicts that a "Hard Brexit" — Britain leaving the European Union without access to the Single Market — will cost the UK £66 billion ($81.2 billion) a year in lost tax revenues. According to "leaked government ...

Britain will get stuck with an £18 billion Brexit 'divorce' bill

Business & Finance : Business Insider: Clusterstock

Britain faces a "divorce bill" of as much as £18 billion (€20 billion) when the country eventually leaves the European Union thanks to its commitments to huge numbers of shared payments with the other 27 nations in the bloc. Accordi...

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