How ministers had to change tack in the EU referendum campaign
George Osborne harnesses the might of the Treasury machine today in the EU referendum campaign, publishing a weighty tome that tweaks 200 pages to warn of the consequences of Britain leaving the EU. He also warns of a ‘profound consequences for our economy, for the living standards of every family, and for Britain’s role in the world’. Those profound consequences include every family being £4,300 a year worse off as a result of Brexit, the Chancellor argues. John Redwood has already dismissed the document – which hasn’t yet been published – as ‘absurd’. But what it does tell us is that the government has accepted that the security argument alone