Brexit Campaigners Spar With Treasury Over Economy

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Euro mosaic

Jason Douglas – May 23, 2016

LONDON—The opposing camps in the debate over the U.K.’s membership of the European Union traded blows over the economy Monday, with anti-EU campaigners criticizing an official analysis suggesting Britain could be plunged into a yearlong recession if Britons vote to leave the bloc in a referendum next month.

The U.K. treasury said in a new analysis that the British economy would likely experience “a profound shock” if voters decide to quit the 28-member EU, potentially causing “a marked deterioration in economic prosperity and security.”

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