Britain's Prime Minister David Cameron gestures as he delivers a speech on the economic impact of the UK leaving the European Union, at a B&Q Store Support Office in Chandler's Ford, Britain, May 23, 2016. REUTERS/Daniel Leal Olivas/Pool
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Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said Monday, presenting a Finance Ministry report warning of recession, a tumble in the pound and half a million job losses.A new analysis of short-term risks from the referendum published by the Finance Ministry Monday said the economy could be as much as 6 percent smaller two years after a Brexit vote than if it the country decides to stay in the EU. Osborne said Britain would lose at least half a million jobs within two years of a vote to leave and a fall in the value of the pound of between 12 and 15 percent would push up inflation sharply.
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