Speech. Chancellor: Leaving the EU would be a one way ticket to a poorer Britain

In a speech given on the 16 May 2016 Chancellor of the Exchequer, George Osborne set out why it would be a huge mistake for the United Kingdom to leave the EU and the Single Market.

In a joint appearance with political rivals Sir Vince Cable and Ed Balls, Mr Osborne warned that leaving the EU’s Single Market would be a 'one way ticket to a poorer Britain'.

'We’ve already heard the economic case from the likes of the Bank of England, the IMF, and even the President of the United States; all of our allies and trading partners are in agreement. The economic argument is beyond doubt - it’s not a conspiracy; it’s called a consensus'.

- see also related hyperlinks to related comments from the Governor of the Bank of England, International Monetary Fund, Governor of the Bank of Japan, and G7 Finance Ministers made during May 2016.

• Primary Source

ESO: Background information: The Economy after Brexit http://www.europeansources.info/record/the-economy-after-brexit/

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

ESO: Background information: HM Treasury analysis: the long-term economic impact of EU membership and the alternatives http://www.europeansources.info/record/hm-treasury-analysis-the-long-term-economic-impact-of-eu-membership-and-the-alternatives/

ESO: Background information: Brexit vote may spark recession, Mark Carney warns http://www.europeansources.info/record/brexit-vote-may-spark-recession-mark-carney-warns/

ESO: Background information: IMF - United Kingdom — 2016 Article IV Consultation Concluding Statement of the Mission http://www.europeansources.info/record/united-kingdom-2016-article-iv-consultation-concluding-statement-of-the-mission/

UK: GOV.UK: HM Treasury: News, 16.05.16: Leaving the EU’s Single Market would be a 'one way ticket to a poorer Britain', warns Chancellor https://www.gov.uk/government/news/leaving-the-eus-single-market-would-be-a-one-way-ticket-to-a-poorer-britain-warns-chancellor

The Guardian, 16.05.16: Osborne, Balls and Cable unite to argue case for remaining in EU http://www.theguardian.com/politics/2016/may/16/osborne-balls-and-cable-unite-to-argue-case-for-remaining-in-eu

Politico, 16.05.16: George Osborne: Economic case against Brexit not a ‘conspiracy’ http://www.politico.eu/article/george-osborne-economic-case-against-brexit-not-a-conspiracy-eu-referendum-date-june-23/

Vote Leave: News, 16.05.16: Osborne’s event nose dives as fellow campaigner describes the EU as an ‘evil empire’ http://www.voteleavetakecontrol.org/osbornes_event_nose_dives_as_fellow_campaigner_describes_the_eu_as_an_evil_empire

Britain Stronger in Europe: News, 16.05.16: Ryanair CEO Michael O'Leary on Brexit http://www.strongerin.co.uk/ryanair_ceo_michael_oleary_on_brexit#WSEs3PlH08Cd2GUt.97

The Conversation, 17.05.16: Why is the academic consensus on the cost of Brexit being ignored? https://theconversation.com/why-is-the-academic-consensus-on-the-cost-of-brexit-being-ignored-59540

Reuters, 21.05.16: G7 united against Brexit but can only hope for an 'In' vote http://www.reuters.com/article/us-g7-japan-britain-eu-idUSKCN0YC0AU

BBC News, 22.05.16: Brexit poses 'major risk' to global growth, warns Bank of Japan chief http://www.bbc.co.uk/news/business-36354947

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