The Courier & Advertiser (Angus and Dundee)
Osborne: Leave will cause a surge in unemployment
Leaving the EU would see Scottish unemployment rocket by 43,000 in two years, the Chancellor has warned.
In a visit north of the border today, George Osborne will claim a so-called Brexit would cause a “profound economic shock” which would also lower the value of homes and risk trade exports.
He was accused of trying to scare Scots voters by using tactics reminiscent of the “Project Fear” deployed by Better Together in the run up to the Scottish independence referendum.
Mr Osborne will say: “Every credible independent voice agrees that if the UK votes to leave the EU there would be a profound economic shock that would hurt people’s jobs, livelihoods and living standards in Scotland.”
He will also claim the impact of the shock from leaving the EU and the free trade single market would be equivalent to a £4.5 billion reduction to the size of the Scottish economy by 2018.
Tom Harris, director of Scottish Vote Leave, said: “His made up statistics have been dismissed by supporters of his own side as scaremongering, and it’s about time the Chancellor stopped talking down Scotland and the UK’s economy.”