Economics
Brexit Could Wipe Billions Off U.K. Pensions, Treasury Says
- Treasury analysis shows impact on U.K. retirement assets
- Current pensioners as well as future retirees could be hit
Today's Brexit Likelihood Score: 19%
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A decision by Britain to leave the European Union next month could leave pensioners as much as 300 billion pounds ($440 billion) worse off, the Treasury said in its latest warning about the financial and economic consequences of a so-called Brexit.
An exit from the 28-nation bloc risks fueling a rise in inflation, turmoil in financial markets and a drop in asset prices that could strip between 170 billion pounds and 300 billion pounds from the total assets held by those over 65, according to the analysis, published late Thursday.