EU referendum: Brexit 'would spark year-long recession'

May 23, 2016 1:46 AM

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EU referendum: Brexit 'would spark year-long recession'

Leaving the European Union would tip the UK into a year-long recession and lower Britain's economic growth by 3.6%, according to Treasury analysis.

The country would suffer an "immediate and profound" economic shock of its own making, Chancellor George Osborne, who released the study, warned.

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