Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a finance ministry report warning of recession, a tumble in the pound, and half a million job losses.
Cameron and finance minister George Osborne, who are campaigning for Britain to stay in the EU in the June 23 referendum, have warned that households would be hurt by a fall in the value of their homes and face costlier foreign holidays if they voted "Out".
"It would be a DIY recession," Cameron said in a speech at the offices of the B&Q retail chain, a popular center for do-it-yourself home improvement, in Eastleigh in southern England.
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