Campaigners on effect of Brexit on house prices

Описание: (21 May 2016) UK Foreign Secretary Philip Hammond has reaffirmed Chancellor George Osborne's claims that a vote to leave the European Union on 23 June would cause a significant fall in British house prices.
Osborne revealed the forecast on the short-term implications of Brexit earlier on Saturday.
The full report is due for publication next week and states that people's homes will lose up to 18 percent of their value if Britain leaves the EU compared to what they would be worth if the UK remains part of the 28-member bloc.
Speaking in south London on Saturday, Hammond said inflation and interest rates would rise in tandem with a price drop and that he thought the UK would struggle to manage so soon after a "very difficult" recession.
In contrast, former UK Work and Pensions Secretary Iain Duncan Smith - a senior campaigner to leave the EU - compared Osborne's claims to "Pinocchio."
Duncan Smith said that Treasury forecasts should not be trusted as they are often "manipulated" - something he claimed Osborne previously warned of himself.


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