EU referendum: How would a Brexit affect the UK economy?

The UK will take to the polls on 23 June 2016 to vote on the country's membership of the European Union. The Leave and Remain campaigns are currently neck and neck, with many of the British public still undecided on their vote.

One of the major issues that has come to the forefront of the debate is what impact a potential Brexit could have on the UK economy. Both sides of the argument claim a vote in their favour would improve the financial situation of the country.

The economy has become a vital issue for Remain. The EU is one of the world's largest free-trade zones, and much campaigning has revolved around what may happen if the UK votes to leave. These claims have ranged from the price of family holidays rising to major job losses and a potential recession caused by the Brexit.

Those backing the Leave campaign have dismissed many of these arguments as fearmongering. Prominent Leave campaigners such as Boris Johnson and Nigel Farage claim that leaving the EU would mean that the UK could negotiate their own unique deals with countries in the EU and across the world. They also point to the economic failings of many EU countries such as Greece as proof that remaining a member of the union does not guarantee financial security.

Amid the number of wild claims and theories from either side, IBTimes UK has spoken to Leave and Remain campaigners to find out how they really believe a potential Brexit could affect the UK economy.