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Osborne warns Brexit will hurt UK permanently


04-19-2016 00:24 BJT

British Finance Minister George Osborne warns a vote to leave the European Union would bring permanent damage to the country's economy and could cost each household 4,300 pounds a year by 2030.

Osborne, writing in The Times newspaper, says a decision to leave the EU would be quote "an extraordinary self-inflicted wound" which would damage trade and investment. Osborne also warns Brexit could weaken the West at a time when it is facing threats to its security and values. The UK government is due to present a report on Monday on the long-term economic impact of the Brexit.

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