Brexit would cause 'DIY recession', says Osborne

Inflation would rise and house prices and GDP would fall if Britain leaves EU, chancellor argues

George Osborne is warning that Britain would face a year-long "DIY recession" following a vote to leave the European Union, as he raises the stakes in the referendum battle on Monday with one month until polling day.

The chancellor and David Cameron will present a Treasury analysis into the short-term economic impact of Brexit, which claims GDP will be 3.6% lower after two years than it would be if Britain votes to remain.

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