BRITAIN is exposed to an eye watering £1.1 trillion of liabilities while it is still in the European Union.

Theresa May eurozone collapse

A new report has highlighted why the UK needs to leave the EU as soon as possible
With concerns mounting over a new major financial crash in the eurozone, the revelations in a Global Britain report have highlighted why the UK Government needs to ensure a speedy Exit from the EU.

If there is a collapse in the eurozone Britain could be asked to help pick up a bill which in effect would double its national debt.

The stunning conclusions by the highly respected thinktank come just days after The Italian government authorised a £17 billion bailout for the country’s third-largest bank, Monte dei Paschi di Siena, the oldest bank in the world.

This followed a failure by the bank to raise £4.26 billion on the international markets to stop it…

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