Osborne, Darling Slam Brexit Proposals as Unworkable, Dangerous

The Chancellor and his predecessor have teamed up to accuse those campaigning to leave the European Union of having dangerous plans with no proper economic basis, homing back in on the economics of an increasingly bitter EU referendum campaign.

An open letter from Conservative George Osborne and former Labour Party Chancellor Alastair Darling, printed by the Daily Telegraph in Wednesday’s edition, said those leading the campaign to leave the EU after the June 23 vote were “making it up as (they) go along.”

In the last few days the focus has been clearly on immigration, with two polls on Tuesday showing voters have moved towards backing a “Brexit”, or a vote to leave, after official figures last week put net migration in 2015 at the second highest level on record.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.