Tens of thousands of jobs could be lost in the City if the UK votes to leave the European Union, George Osborne claimed last night. It follows warnings by Xavier Rolet, the French boss of the London Stock Exchange, that leaving would put 100,000 jobs at risk. The Chancellor said that there were 285,000 British jobs in the finance sector with European links – a claim based on taxpayer-funded Treasury analysis. It follows claims by Osborne at the weekend that Brexit would cause house prices to fall and the cost of mortgages to rise. Speaking at a Financial Times conference, Osborne said firms must speak up to avoid ‘a catastrophe for business, investment, jobs and incomes’.

Source: The Star May 10, 2016 00:52 UTC