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Osborne, Darling Slam Brexit Proposals as Unworkable, Dangerous

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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

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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