Britain faces the loss of more than half a million jobs if it votes to leave the EU, according to a bleak analysis of the short-term economic shock of a Brexit vote to be published on Monday by the Treasury.
Ahead of the release of the report, Sajid Javid, the business secretary, said there would be a “immediate and profound economic shock” and warned the economy would contract by 3.6 per cent after two years and house prices would be 10 per cent lower than they would have been otherwise.
But speaking on the BBC Today programme, Mr Javid said “most worryingly of all [the Treasury predicts] a loss of over 500,000 jobs”.
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