Cameron warns of recession if Britain leaves EU

2016-05-23 13:48
British Prime Minister David Cameron delivers a statement in Germany. (Peter Kneffel, AP)

British Prime Minister David Cameron delivers a statement in Germany. (Peter Kneffel, AP)

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London - British Prime Minister David Cameron has warned that Britain would be plunged into a "do-it-yourself" recession if it votes to leave the EU in the June 23 referendum.

He said on Monday that choosing to leave the 28-nation bloc would be a "self-destruct option" for Britain.

The referendum is one month away and both sides have ramped up campaigning in recent days.

Cameron spoke after Britain's Treasury published an analysis warning of a lengthy recession and the loss of up to 820 000 jobs if the country votes to leave.

The analysis said leaving the EU would also cut house prices by between 10% and 18% and lead to more public borrowing.

Iain Duncan Smith, a leader of the "Leave" campaign, said the analysis was "deeply biased."

Read more on:    eu  |  david cameron  |  britain

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