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The Confederation of British Industry (CBI) said on Sunday that according to PwC study, potential costs of Britain's exit from the European Union could be £100 billion (5% of GDP) and 950,000 jobs by 2020.
"This analysis shows very clearly why leaving the European Union would be a real blow for living standards, jobs and growth," CBI Director-General, Carolyn Fairbairn, said.
"The findings from PwC's independent study also explain why the majority of UK businesses are in favour of remaining within the European Union. Even under optimistic assumptions, an exit triggers serious economic disruption," she added.
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