With a month to go until Britain holds its European Union membership referendum, Osborne said workers` earnings, when adjusted for inflation, would be almost 3 percent lower in two years` time, equivalent to a pay cut worth almost 800 pounds a year for someone working full time on the average wage.
Osborne was speaking as the finance ministry published a new report on the short-term implications of an "Out" vote.
UK would lose at least 500,000 jobs after Brexit vote - Osborne
23 May 2016
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Britain would lose at least half a million jobs within two years of a vote to leave the European Union and a fall in the value of the pound would push up inflation sharply, finance minister George Osborne said on Monday.
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