Brexit could cost pensioners £32,000, chancellor says

George Osborne targets older voters with claim that leaving the EU would drive up inflation, hitting pensions and house prices

Leaving the European Union could wipe up to 32,000 off the average pensioner's wealth, George Osborne claims, as the remain campaign seeks to woo older voters deemed more likely to turn out on 23 June.

Treasury analysis suggests the uncertainty unleashed by a Brexit vote would rattle stock markets and undermine the value of pensioners' homes. A sell off of the pound on the foreign exchanges could also drive up inflation, eroding the value of pension savings.