Osborne Warns of Decades of Economic Pain If U.K. Quits EU

April 18, 2016 8:14 AM

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Leaving the European Union would deliver a blow to Britain’s economy and leave it 6 percent smaller by 2030, according to a Treasury analysis produced as the government attempts to dissuade the electorate from voting to quit the bloc.

The details will be published by Chancellor of the Exchequer George Osborne on Monday morning. The first week of formal campaigning ahead of the June 23 referendum sees the government turn its biggest guns on the arguments advanced by those backing a so-called Brexit.

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