Cameron, Osborne on Brexit

(23 May 2016) British Prime Minister David Cameron warned on Monday that leaving the EU would "tip the country into recession." Speaking at the DIY store B&Q's headquarters in Hampshire along British Chancellor George Osborne, the Prime Minister said the Leave vote would cause an economic shock which would create the world's first "DIY recession". Camerons said Britain has worked hard to recover from the recession and argued that "the economic case is the moral case." The Treasury published an analysis warning that Brexit would cause a year-long recession and cost hundreds of thousands of jobs to be lost across the United Kingdom. British Chancellor George Osborne said within two years at least half a million jobs would be lost, describing the figures as "the lower end of the estimate." "Across Britain as many as 820,000 jobs could be lost," Osborne said. He stressed the country has got one month to "avoid a DIY recession." Britain is holding a referendum on its membership of the EU on 23 June. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...