Skip to content
Sunday 26 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,736.23
+0.91%
DAX
25,099.00
+1.36%
CAC 40
8,372.28
+0.88%
STOXX 50
6,280.94
+1.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 23 June 2016 12:41 am

EU referendum: One big question but no easy answer. It’s make your mind up time

By: Shruti Tripathi

Add as a preferred source on Google

I won't tell you how to vote. I’m proud that this newspaper has hosted arguments from both sides of the campaign – from every conceivable angle. We’ve had the case for Remain and Leave from market analysts, lawyers, politicians, investors, psychologists, economists and entrepreneurs.

Now the time has come for you to make your choice. Despite appeals from such experts, for many people the decision will be driven by gut feeling. But I know that our readers have a sharper eye on economic matters than most. With this in mind, it cannot be denied that a period of profound uncertainty and disruption will follow a vote to leave.

However, you will have to judge for yourselves whether the wider warnings of economic catastrophe are reasonable or not. Personally, I believe that some of the economic forecasting, particularly the Treasury’s contribution, has been part of a concerted effort to stoke fear. The methodology has been questionable and the desired outcome nakedly political. Nevertheless, the fear now exists.

Read more: Declaration times to swing areas: The definitive guide to the EU referendum

Nervousness is palpable in the City and already evident in the markets. And for good reason, since the failure of the Leave campaign to outline what life outside the EU would be like – particularly for the City – has been deeply damaging to their cause. The question, therefore, is this: are the gains worth the risks? This is a calculation that, for many of you, defines your working life. Risk and reward. Upside and downside. Personally, I believe that there is no wholly risk-free option on the ballot.

The EU’s economic and political future is profoundly uncertain and so today’s decision should not be seen as a choice between the unknown and the status quo. I understand that the economic uncertainties will be forefront in your mind, and they warrant serious and careful consideration. But so too does the question of whether this debate should be about more than economics alone. All we can offer you now, as polling day dawns, is a final and direct appeal from the leading advocates of each side.

[custom id="161"]

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News
  • Opinion

Categories

  • Business
  • Economics
  • Opinion
  • Politics

Trending Articles

  • Wise denied US banking licence in blow to expansion plans

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • As it happened: Stocks jump as oil drops below $100; Trump in tariff blitz

  • Sky and ITV mount defence of £1.6bn merger as regulators probe deal

More from City PM

  • Argentina’s already beating England… on economic freedom

    Opinion
    Javier Milei delivering a passionate speech at a political rally, gesturing emphatically with supporters in the background
  • Tale of two cities: London leaps ahead in global finance but domestic growth stalls

    Economics
    Getty Images number 2154617464 depicts a relevant scene for the articles unidentified content, suitable for business context.
  • Singapore on Thames or the Sick Man of Europe?: The Economics of Brexit Ten Years from the Referendum 

    Opinion
    UK-EU Brexit negotiations meeting with officials discussing trade agreements and policy impacts in a formal conference room
  • Brits say Burnham should call an election

    Politics
    Number 10 Downing Street entrance with iconic black door, symbolizing British political power and leadership
  • Bank of England to hold interest rates as oil price surge threatens UK economy

    Economics
    Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance
  • Bank regulation, not austerity, explains why Britain is poorer than America 

    Opinion
    Aerial view of a residential cul-de-sac with houses, green lawns, trees, and a swimming pool
  • Farage quits to stand in ‘people versus establishment’ by-election

    Politics
    George Cottrell and Nigel Farage engaging in a conversation at a political event, both dressed in formal attire.
  • Exclusive: Government to reject Reform’s offer to cover Farage by-election cost

    Politics
    Nigel Farage speaking at a podium, dressed in a suit, addressing an audience at a business conference event
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook