UK's Osborne warns voters of Brexit's permanent hit to economy

April 18, 2016 9:24 AM

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UK's Osborne warns voters of Brexit's permanent hit to economy

LONDON British finance minister George Osborne said a vote to leave the European Union would do permanent damage to the country's economy and could cost each household 4,300 pounds ($6,100) a year by 2030.

Seeking to focus voters on what he called the biggest question of their generation, Osborne said all the alternatives to remaining in the union would leave Britain's economy smaller than if it stayed in the world's biggest trading bloc.

Also read: E.U. Leaders Talk Tough on ‘Brexit’ and Warn That Time Is Short

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