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BlackRock: Brexit would be a mistake

Financial institutions continue to unanimously warn of the negative consequences should the UK leave the EU. 

BlackRock is the latest to join the club, with the world's largest asset manager suggesting in a report that a Brexit could harm the financial services industry in particular. 

Our bottom line from an investment perspective: a Brexit offers a lot of risk with little obvious reward. Leaving the EU would lead to lower UK growth and investment - and higher unemployment and inflation. Any offsetting benefits appear less certain.