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

15th June, 2016
George Osborne and Alistair Darling at today's pro-Remain event Pic: Getty

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 health, education and defence as well as tax increases. He is due to speak after five of the last six published polls showed the “Leave” campaign ahead with just over a week to go until the June 23 referendum....

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