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IMF fires Brexit warning as Putin cites Cameron EU 'blackmail'

The IMF warned that in a worst-case scenario a so-called Brexit would sink the UK economy into recession next year, with unemployment rising back above six percentThe IMF has warned Brexit could deal the British economy a “negative and substantial” blow as Vladimir Putin suggested David Cameron was trying to “blackmail” Europe with the EU referendum. Meanwhile The Times newspaper came out Saturday in favour of Britain staying in the European Union, five days ahead of the vote on whether the UK should stay in the bloc or leave. With less than a week until the referendum, the International Monetary Fund warned that a so-called Brexit would harm the British economy while “contagion effects” could hit markets worldwide.

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