Osborne seeks to regain 'Remain' momentum with budget warning

The UK Chancellor of the Exchequer will warn a vote to leave could create a fiscal crisis

George Osborne and Alistair Darling at today's pro-Remain event Pic: Getty

Thecampaign to keep the UK in the European Union is seeking to regain momentum with a warning from Chancellor of the Exchequer George Osborne thata vote to leave could create a fiscal crisis, requiring an emergency austerity budget.

In a speech outside London on Wednesday, Osborne will warn of a £30 billion (€38 billion) “black hole” in public finances that would open due to reduced trade and investment, necessitating sharp spending cuts in ...