British finance minister George Osborne is warning of massive spending cuts and tax increases if the UK votes to leave the European Union.
He says he would be forced to put in place an emergency budget to tackle a massive 'black hole' in public finances in the event of a Brexit.
However, many of his own MPs accuse him of scare-mongering, as well as suggesting they wouldn't back such a budget, and moreover that Mr Osborne may no longer be in his job if a Brexit does take place.
Britain votes next Thursday on whether to stay in the European Union.
Political reporter Theo Usherwood says Mr Osborne's warning is stark.
IN: "Cuts…
OUT: …Brexit."
DUR: 34 seconds
http://www.fsnradionews.com/feeds/0615brexit-usherwood1.mp3
He says he would be forced to put in place an emergency budget to tackle a massive 'black hole' in public finances in the event of a Brexit.
However, many of his own MPs accuse him of scare-mongering, as well as suggesting they wouldn't back such a budget, and moreover that Mr Osborne may no longer be in his job if a Brexit does take place.
Britain votes next Thursday on whether to stay in the European Union.
Political reporter Theo Usherwood says Mr Osborne's warning is stark.
IN: "Cuts…
OUT: …Brexit."
DUR: 34 seconds
http://www.fsnradionews.com/feeds/0615brexit-usherwood1.mp3