The Chancellor of the Exchequer has warned that there could be a profound shock to the UK economy if voters back leaving the EU this summer.<\/p>\n
In an interview with the BBC this morning, George Osborne said it was \u201cthe very worst time\u201d for Britain to take such a significant gamble.<\/p>\n
Mr Osborne\u2019s passionate argument for the country remaining in the EU came after a former leader of his own party made an equally equivocal case for Britain\u2019s departure.<\/p>\n
Michael Howard, who led the Conservatives into the 2005 General Election, argued that the 28-nation bloc was \u201cflawed and failing\u201d and that the UK should not be afraid of the prospect of leaving.<\/p>\n
Mr Osborne, speaking while attending an economic summit in Shanghai, said that while he had enormous respect for the former Tory leader, they disagreed on this issue.<\/p>\n
\u201cThis is about people’s jobs and their livelihoods and their living standards, and in my judgement as Chancellor leaving the EU would represent a profound economic shock for our country, for all of us and I’m going to do everything I can to prevent that happening,\u201d he said.<\/p>\n
Mr Howard is the latest Conservative Party grandee to wade into the debate about the best course of action in the forthcoming in\/out referendum.<\/p>\n
He believes that, as the fifth largest economy in the world, the UK is well-positioned to prosper outside of the EU.<\/p>\n
\u201cWe need a bit of self-belief and national self-confidence. We are a great country – everyone wants access to our market. We won’t be supplicants.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Chancellor of the Exchequer has warned that there could be a profound shock to the UK economy if voters back leaving the EU this summer.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1205"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1205"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1205\/revisions"}],"predecessor-version":[{"id":1206,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1205\/revisions\/1206"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}