Inflation would rise and house prices and GDP would fall if Britain leaves EU, chancellor argues
George Osborne is warning that Britain would face a year-long “DIY recession” following a vote to leave the European Union, as he raises the stakes in the referendum battle on Monday with one month until polling day.
The chancellor and David Cameron will present a Treasury analysis into the short-term economic impact of Brexit, which claims GDP will be 3.6% lower after two years than it would be if Britain votes to remain.
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