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Chancellor urges Remain vote

Osborne: ‘Profound’ shock if UK leaves EU

George Osborne commons 1Chancellor George Osborne will today warn that thousands of Scottish jobs are at risk if Britain opts to leave the European Union.

He will warn of a “profound economic shock” for Scotland during a visit north of the border. He will cite Treasury analysis saying 43,000 jobs would be lost in Scotland over two years after a Brexit vote.

He will claim that economic output in Scotland would shrink by £4.5 billion by 2018 and that the prices of homes will fall by an average of £22,000.

His comments come ahead of a UK-wide TV appearance tonight involving Scotland’s First Minister Nicola Sturgeon and Leave campaign leader Boris Johnson.

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.

“Trade exports to the EU have created jobs in Scotland and withdrawing from the single market would have a huge impact on the economy here.”

Mr Osborne’s figures were immediately disputed by the Vote Leave campaign as propaganda.


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