George Osborne's post-Brexit economy is a fantasy land

UK chancellor's dire warnings are based on worst-case scenarios modelled on best guesses. They are economically flawed but politically powerful

With one month to go to the referendum, George Osborne is pulling out all the stops. The chancellor has a clear message: a vote to leave the EU is a vote for recession, a house price slump, soaring food prices and hundreds of thousands of lost jobs.

The chancellor has been shouting out numbers and lamenting the fate of the "working people of Britain who will pay the price if we leave the EU". He even talked about "evidence" Britain will spark its own downturn.