Much to worry about if Britain pushes the button for Brexit

The departure of Britain from the EU will hit our economy

19th June, 2016

Every government needs to be lucky. This one got its own lucky break earlier this year when the EU’s statistical agency Eurostat decided to count last year’s conversion of AIB preference shares into ordinary shares as government spending.

Due to the vagaries of the EU’s fiscal rules, this increased the amount the government was allowed to spend. All of a sudden, it found itself able to finance a €500 million bailout...

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