ICR066: What happens to investments if the UK leaves Europe?
In this episode of the Informed Choice Podcast, Martin talks about what could happen to investment markets if the UK votes to leave the European Union in the referendum this June.
There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.
David Cameron has finally announced a referendum on whether Britain should remain in the European Union will be held on Thursday 23rd June.
This follows intense negotiations about the UK’s membership of the EU, including changes to child benefit, migrant welfare payments, keeping the pound without fear of discrimination, protection for the City of London and a so-called ‘red card’ system for national parliaments who want to block EU legislation.
So, where do you stand on Europe and how will you be voting in the referendum this June? When you are asked, “Should the United Kingdom remain a member of the European Union or leave the European Union?”, will you be answering yes or no?
What would be the likely impact on investment markets if UK voters decided to leave Europe?
Please let Martin know how you plan to vote in the EU referendum and what impact you think a decision either way could have for investment markets. Email him at firstname.lastname@example.org or get in touch on Twitter @martinbamford, he would love to hear from you.
Personal finance news update
-House prices rose by 6.7% in 2015, according to the Office for National Statistics.
-Price inflation rose by 0.3% in the year to January, as measured by the Consumer Prices Index or CPI.
-The cost of stamps is going up in March, with a first class stamp costing 64p. Second class stamps will also go up in price, to 55p from 29th March.
-No UK or European banks have sold any so-called Coco bonds this year, following concerns about the health of the banking sector.
-Chancellor George Osborne is likely to miss his public borrowing goals for the 2015/16 tax year after recording a smaller-than-expected surplus in January.
Useful links mentioned in this episode
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