Brexit would be “risky bet”, say eight former US Treasury secretaries

US officials weigh in on EU referendum

A group of former secretaries of the United States’ Treasury have urged Britons to vote to remain in the European Union at the forthcoming referendum.

The officials, which have served in both Republican and Democrat-run US governments say a Brexit would make it “difficult” for Britain to win trade deals and maintain a successful economy.

The letter comes from a group of eight former Treasury secretaries, including George Shultz, who served under President Nixon, Michael Blumenthal, who served under Jimmy Carter, Robert Rubin, Bill Clinton’s former Treasury Secretary and Timothy Geithner, Treasury Secretary for President Obama.

The letter says: “Over time, Britain would no doubt be able to re-establish trade ties through negotiation of new trade agreements.

“But as our own experience in the United States with trade negotiations shows, it is a difficult environment to negotiate and approve agreements and the risk of accidents is real.”

The government has denied organising the letter, despite accusations of doing so from the Leave campaign.

An embittered Leave campaign statement has been issued, which says: “Not content with doing down Britain’s economy, No. 10 are now soliciting help from across the pond.”

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