Brexit ‘would cost every household £4,300’ in UK

Leaving the EU could mean £36bn (€45.4bn) less to spend on public services, according to a British Treasury analysis launched by George Osborne.

The chancellor warned that British families would pay a “heavy economic price” if the country votes to break from Brussels on June 23, with the UK left permanently poorer.

The 200-page analysis produced by officials in Mr Osborne’s department was mocked by Brexit campaigners and branded “dodgy”, but the chancellor insisted it was a “serious and sober analysis”.