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

  • Brexit would knock 6% off U.K. GDP by 2030, Treasury argues
  • First campaign week sees Obama and Macron tell U.K. to stay
By
Svenja O'Donnell, Robert Hutton and Thomas Penny
Updated on

Chancellor of the Exchequer George Osborne outlined the bleakest scenario yet if the U.K. votes to leave the European Union, saying that Britain’s economy would suffer permanent damage hitting the public in the pocket.