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  • Osborne Warns Of £36bn Cost If UK Leaves EU

    04/18/2016 2:03:30 PM PDT · by SunkenCiv · 16 replies
    Sky UK ^ | Monday, April 18, 2016 | unattributed
    The Chancellor says income tax could rise by 8% and billions would be cut from public services if the UK votes to leave the EU... says Treasury analysis has found that UK tax receipts would be £36bn-a-year lower after 15 years... the amount the officials calculate the exchequer would lose if Britain was forced to enter a trade deal similar to that which Canada has recently negotiated. The figure is the same as eight pence in the pound added to income tax. The 'Canadian model' is the scenario that many who want to leave say would be in Britain's best...