If Britain votes to leave the European Union, it could mark the beginning of uncertainty both about the UK economy and the rest of Europe. Till now there was relative certainty that the Remain in EU camp had an edge, but more recently, Brexit camp has taken a lead in polls. This has rattled the markets and British politics.Even as global growth has slightly improved and in the UK there has been a significant increase in industrial production and construction output, the biggest risk to the UK economy remains the outcome of the referendum on next week. The Bank of England has warned that uncertainty about the EU referendum is the "largest immediate risk" facing global financial markets.

The UK treasury has claimed a "Leave" vote would tip the UK into a year-long recession. British chancellor, George Osborne sparked anger among his Leave-backing Tory colleagues when he said an emergency Budget would be needed if the UK voted out.

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Image: A painting of former British Prime Minister Winston Churchill hangs beside a television broadcasting Brexit polling at The Churchill Tavern, a British themed bar, on the day Britain votes. REUTERS/Andrew Kelly