UK Treasury chief warns of tax rises in case of EU exit

Sterling has suffered since the end of past year from a steady pricing in of risks from a Brexit – seen largely related to shocks to growth and the financing of Britain’s huge current account deficit.

There have been numerous opinion polls regarding the outcome of the EU-UK referendum with the main finding so far to be that the Brexit side has raised its percentage to a great extent reaching the Remain one.

Achleitner also lamented the growing populism in the US and Europe and regulatory pressures, which he said are preventing many European banks from making loans and stimulating economic activity. The EU in its original form was founded in order to prevent a repeat of the horrors of the Second World War (suffered by both Britain and Malta in their common endeavour against evil).

If Britain voted to leave the European Union, it would be the first country to do so in the bloc’s six-decade history. A vote to “Leave” would create a rift in Europe’s solidarity over many of its shared problems with respect to immigration and counterterrorism.

“For Vote Leave to suggest anything else is deliberately misleading”.

But each of the 28-nation members are in it together, working under a single market ideal, where policies and laws are enacted for the good of all countries and do not give a distinct advantage to one more than any other another.

Speaking in St. Petersburg, Russia, Juncker said a British withdrawal would spark “a period of major uncertainty” for both Britain and the European Union.

There was border free travel between Northern Ireland and Ireland before we joined the European Union and it is expected that that would continue in the case of a British exit from the EU.

“Which I think takes us to a crucial point”.

What is more, Martin Schulz, the president of the European Parliament, mentioned that problems such as financial crisis, climate change, refugee crisis must be dealt at a European level “with more and better Europe” showing his clear support for the Remain campaign.

Meanwhile, in a letter seen by The Independent, Unilever – along with Airbus and General Electric – have accused the Vote Leave campaign of being “highly misleading to British voters” after it used their company logos on a taxpayer-funded leaflet.

“This is disgraceful behaviour by the leave campaign”, said the Energy Secretary Amber Rudd.

“Vote Leave have resorted to lying about British businesses because they know they can not get their support honestly”.

“They seem to be converging around a picture where Leave probably now have a narrow position of around 52 to 53 percent of the vote”.

European Union foreign policy chief Federica Mogherini had so far declined to comment on the referendum. “Britain got a lot and many others hold a grudge for that; we were more than generous”.