Leaving the EU would cost households £4,300 a year making them “permanently poorer”, chancellor George Osborne will say on Monday when the government publishes its long-term assessment of the economic costs of Brexit, reports the Financial Times.
Saying that British people should be “builders, not wreckers”, the chancellor will say, “Britain is safer, stronger and better off inside a reformed EU.”
Anticipating the Treasury’s assessment, Theresa Villiers, Northern Ireland secretary who is campaigning for Britain to leave the EU, told Sky News that voters would see through the report.
“The government has made it clear that it is not a neutral bystander so people will judge the statements of the Treasury on that basis,” she said, according to FT..
Wolfgang Schäuble, Germany’s finance minister, already weighed in over the weekend with a warning that Berlin would take a tough stance on future negotiations over the UK’s relationship with the EU if it voted to leave.
The vote is scheduled to take place on June 23.
Brits should take note that although Switzerland is not a member of the European Union, it does just fine in trading with EU members, without having to deal with the ever-expanding oppressive EU regulations.
(ht Felix Bronstein)