George Osborne Warns Brexit Will Provoke A 'Shock To The World Economy'

Source: http://ift.tt/zP5LE8 - Saturday, February 27, 2016
All of the world's biggest countries have united in warning that a British exit from the European Union would provoke "a shock to the world economy", George Osborne has said. The Chancellor hailed the unanimous agreement on the risk of Brexit after it was included in a communique after a meeting of G20 finance ministers in Shanghai, China, the Press Association reported. He said: "Finance leaders and central bank governors of the world's biggest economies have raised serious concerns about the risks posed by a UK exit from the EU. "They have concluded unanimously today that what they call the shock of a potential UK vote to leave is among the biggest economic dangers this year. "If that's their assessment of the impact on the world economy, imagine what it would do to the UK." After securing the public backing of colleagues from major nations including China and the US for the Government's pro-membership stance, he also took a thinly veiled swipe at Boris Johnson. The Mayor of London faced accusations of "flip-flopping" after he ruled out the possibility of a vote to leave on June 23 leading to a better offer from Brussels and a second referendum. In his declaration of support for the leave campaign last week, Johnson wrote in his Telegraph column that "EU history shows that they only really listen to a population when it says 'no'". It was widely seen as backing for the idea of a fresh vote - also backed by former Tory leader Mi

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