Bank of England to provide billions of pounds in support for banking sector if we vote to leave

Yesterday, the Bank of England announced plans to provide billions in extra support to the banking sector in the event of a vote to leave the EU – a clear indication that the British economy could suffer major instability if we leave.

Our campaign director Will Straw said:

“We’ve already seen the sensitivity of the pound to the prospect of leaving the EU and now we learn about the very real prospect of lending drying up. When the Bank of England issues this kind of warning, everyone should sit up and listen.

“It is not good enough for Leave campaigners to simply dismiss this kind of warning when they are still to come clean with the public about what Britain’s future would look like outside Europe. Britain is stronger, safer and better-off in the EU and leaving is a leap in the dark.”

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