Market Uncertainty Would Scare Off Brexit Vote: Hillier
The U.K. financial-services industry centered in the City of London would suffer if the country leaves the European Union, according to Jonathan Hill, Britain’s representative on the bloc’s executive arm in Brussels. The referendum campaign has hit high gear, with Bank of England Governor Mark Carney set to testify before the U.K. Parliament’s Treasury Committee on the issue on Tuesday. The Treasury issued its starkest warning yet about the dangers of a vote to leave, saying that it would risk causing a yearlong recession, sparking a decline in the pound and costing hundreds of thousands of jobs. Royal London Asset Management Chief Investment Officer Piers Hillier discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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U.K.'s May Calls for Two-Year Brexit Transition Period
14:23 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)