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George Osborne, the Chancellor, said that if Britain left the European Union, households would be on average £4,300 a year worse off. He quoted a Treasury analysis that said the British economy would be 6 per cent smaller outside the EU by 2030 than it would have been. ‘Remain’ campaigners were treating voters ‘like children who can be frightened into obedience’, Michael Gove, the Justice Secretary, said, and declared that Britain could be part of the European free trade zone but ‘free from EU regulation which costs us billions of pounds a year’.
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