Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 22 June 2016 10:09 pm

Business leaders spar in rowdy final debate ahead of tomorrow’s vote

By: Jessica Morris

Add as a preferred source on Google

Business leaders locked horns over the impact of Brexit on the UK economy tonight, with the final debate before tomorrow's vote revealing a deeply divided TV audience.

Stark warnings about the economic ramifications from the Treasury and the Bank of England took centre stage during the raucous debate in which veteran broadcaster Jeremy Paxman struggled to maintain control during a string of passionate clashes.

Read more: Britain's future will be even brighter if we take back control from the EU

Nicola Horlick, chief executive of Money&Co, said: "It's going to be very, very bad news for our economy … I'm slightly perplexed by people saying its scare tactics."

"These are not people who take money from the EU, they all agree that if we leave there would be a very significant [economic] shock." Vince Cable, the former business secretary said, in reference to the people who made these predictions.

Read more: Peak polling? The latest Brexit poll has crashed Opinium's website

But Tim Martin, founder of British pub chain Wetherspoon, said: "The people who didn’t predict the last [economic] armageddon are predicting armageddon starting Friday."

Former Conservative chancellor Lord Lawson who supports Leave also stressed that the economy "is going to be fine" if Britain leaves the EU.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • Harry Styles at Wembley Stadium review: running through the grief

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • Fractured politics has its upsides – trust me, I led Vote Leave

    Opinion
  • The Debate: Should the resignation of the Prime Minister trigger a general election?

    Opinion
    Keir Starmer announces resignation at podium, addressing media with serious expression against a backdrop of political ban...
  • Optimum Asset Management’s Investor Summit in Portofino brings together Mike Pompeo, Matteo Renzi and leaders across government, finance and industry to discuss the future of the global economy and geopolitics

    Business Wire
  • Labour defends Burnham’s ‘very powerful’ No 10 North plans

    Politics
    Houses of Parliament in Westminster showcasing historic architecture under a clear sky, central to UK government and politics
  • A decade after Brexit, what does the City want next?

    Banking
    European Business Alliance meeting discussing economic growth strategies, with diverse leaders engaging in a roundtable di...
  • Andy Burnham says he will put essential services back under ‘stronger’ public control

    Politics
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • Beware a desperate Prime Minister in search of a legacy

    Opinion
    Keir Starmer speaking at London Tech Week conference, discussing innovation and technology advancements in the UK.
  • Billionaire Labour backer John Caudwell: I was misled by ‘disastrous’ Starmer

    Politics
    John Caudwell in a formal setting, possibly during a business meeting or public speaking event, conveying professionalism.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy