15th Apr 2016 05:57
LONDON (Alliance News) - Lloyds Banking Group PLC warned of short-term "economic uncertainty" in the event of the UK voting to leave the European Union, the BBC reported Thursday.
The FTSE 100 bank said the long-term effects of Brexit are "unclear" because of uncertainty about the UK's future position outside the EU.
"The board is mindful that the future of the UK's relationship with the EU is a matter for the UK electorate, and that for many the debate is about more than just economics," Lloyds said in a statement.
Lloyds' viewpoint comes ahead of the UK's June 23 referendum on whether to remain in the EU.
http://www.bbc.co.uk/news/business-36048015
By Samuel Agini; [email protected]; @samuelagini
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