Treasury report is a "stark warning"

April 18, 2016 12:38 PM
Originally published by UK Liberal Democrats

HM Treasury analysis: the long-term economic impact of EU membership and the alternativesCommenting on Treasury analysis, which shows that Brexit would cost British households up to £4,300, Leader of the Liberal Democrats Tim Farron said:

"The sheer volume of serious and sobering evidence against turning our backs on Europe is overwhelming. The Treasury assessment today, showing a £4,300 cost to families, gives another stark warning about the impact on every household in Britain.

"There is no doubt in my mind that the economic impact of us rejecting the European market of 500 million consumers would be devastating to our country's finances; to the work prospects of British people, and to our ability to attract world class investment.

"The dramatic and dangerous impact of Brexit on on the economy will clearly blow a hole in public finances, and offer the biggest threat to public services since the recession. I am not prepared to stand by and let Boris Johnson and Nigel Farage throw a hand grenade into our economic recovery, and then be left in charge of looking after the NHS, our schools, and local services.

"Today's report shows our economic future is stronger in Europe. It's clear that in Europe, Britain can thrive. Together we can be a stronger and more prosperous nation, creating opportunity for future generations, and respected all over the world."