Cameron and Osborne warn of 'DIY recession'

New Treasury report sets out list of ‘Brexit' risks

clock • 1 min read

A vote to leave the European Union in the ‘Brexit' referendum that will take place one month today would see thousands lose their jobs, the value of the pound slump and GDP drop by up to 6%.

These are among the conclusions of a significant piece of analysis due to be published by the Treasury today and trailed in a joint article for the Telegraph by David Cameron and George Osborne. Warning of the risks of a "DIY recession", the UK's two most senior politicians write: "The analysis produced by the Treasury today shows that a vote to leave will push our economy into a recession that would knock 3.6 per cent off GDP and, over two years, put hundreds of thousands of people out of work right across the country, compared to the forecast for continued growth if we vote to remain i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read