Article 1AMRW George Osborne says Brexit would drive up mortgage rates

George Osborne says Brexit would drive up mortgage rates

by
Rupert Neate in Washington, and Katie Allen in Lon
from on (#1AMRW)
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Chancellor says that the cost of home loans is likely to rise if voters decide to leave EU in 23 June referendum

George Osborne has issued a stark warning that mortgage rates will rise if Britain leaves the European Union.

The chancellor said he thought it was likely interest rates, and therefore the cost of home loans, would rise if Britons vote to leave the EU in the referendum on 23 June. But Brexit campaigners accused Osborne of panicking and resorting to intimidating voters.

Related: Alistair Darling: Brexit would risk collapse of confidence in UK economy

Related: Bank of England stages Brexit dress rehearsal

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