George Osborne says UK would lose £36bn in tax receipts if it left EU
George Osborne has said the British government would lose £36bn in net tax receipts, equivalent to 8p on the basic rate of income tax or 7p on VAT, if the UK leaves the EU and negotiates a bilateral trade agreement with the bloc. The chancellor said a 200-page Treasury analysis of the impact of Brexit showed it would make British families poorer, and he accused leave campaigners of believing that was a price worth paying.
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