Chan­cel­lor says Brexit is ‘a lose-lose sit­u­a­tion’

Kentish Express Ashford & District - - Spate Of Break-ins -

Chan­cel­lor Ge­orge Os­borne vis­ited Ash­ford yes­ter­day (Wed­nes­day) to make a key­note speech about the case for the UK stay­ing in the EU.

Mr Os­borne high­lighted the threat to the econ­omy and in­vest­ment in the South East as the ref­er­en­dum campaign en­ters its fi­nal phase.

In a visit to the Hi­tachi head­quar­ters next to Ash­ford In­ter­na­tional sta­tion, Mr Os­borne said: “We know what hap­pens when you lose con­trol of the econ­omy.

“A vote to leave would hurt busi­nesses, hurt in­vest­ment and cost jobs.

“There would be dif­fi­cult de­ci­sions – dif­fi­cult de­ci­sions that be­gin next Friday.

“There would have to be an emer­gency bud­get to fill a £30 bil­lion black hole.

“To­day, we are set­ting out the dif­fi­cult de­ci­sions we would have to take.”

He de­scribed an exit from the EU as a “lose-lose sit­u­a­tion”.

Leav­ing the EU would “undo the good we have done”, de­scrib­ing it as a “leap in the dark that would hurt our chil­dren”.

He said a Brexit bud­get would mean in­come tax ris­ing by 2p to 22p, health spend­ing would be cut by £2.5bn and the ed­u­ca­tion bud­get by £1.2bn.

He was ac­com­pa­nied by for­mer Labour chan­cel­lor Alis­tair Dar­ling, who de­scribed the mo­men­tous vote as a “once-in-a-life­time de­ci­sion which will de­cide Bri­tain’s po­si­tion in the world for the next 40 to 50 years”.

He claimed Brexit would lead to a down­turn in the econ­omy.

Mr Dar­ling claimed the Leave campaign had a flawed prospec­tus.

He added: “There would not just be one emer­gency bud­get, there would be one af­ter the other. The chan­cel­lor would have to con­sider cuts to the NHs and schools if we leave.”

The pair’s visit comes as polls sug­gest the out­come of next week’s ref­er­en­dum is too close to call.

Mr Os­borne is the lat­est in a string of po­lit­i­cal VIPs to head to the county to campaign.

Your guide to ref­er­en­dum re­sults – page 16

Poll shows Kent backs Brexit – page 33

Pic­ture: Dy­lan Martinez/WPA Rota

Chan­cel­lor Ge­orge Os­borne, left, and for­mer chan­cel­lor Alis­tair Dar­ling at­tend a pro-Re­main event at the Hi­tachi Rail Europe plant in Ash­ford this week

Pic­ture: Dy­lan Martinez/WPA Rota

Po­lit­i­cal ri­vals were in agree­ment over prob­lems UK could face should the vote be to leave

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