U.K. Government Warns of Decade of Uncertainty After `Brexit'
- Britain unlikely to complete negotiations in two years: report
- Leaving the EU would hit pound, investments, financial markets
Brexit, Greece, Schengen: Risks to European Union
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The U.K. risks a decade of uncertainty if voters choose to leave the European Union in an in-out referendum in June, according to a government report released Monday.
The U.K.’s trading arrangements with the EU are unlikely to be completed within the two-year negotiating process stipulated by the Treaty of the European Union, and its commerce with the wider world is also likely to be affected by a withdrawal, according to the report produced by the Cabinet Office.