Dangers of Following the Path to an Offshore Britain

Infamously 20 years ago, in assessing whether Britain should join the euro, one of the five tests was whether it would be good for the City of London. What seems good for the City, however, is not necessarily good for the United Kingdom as a whole, as has been demonstrated over the past 10 years. An Out vote would be likely to drive this divergence to extremes. In response to the inevitable post-Brexit recession, and with its antiregulation ideology, the new government may well go down the path

Source: Peterson Institute (PIIE)