Britain鈥檚 Prime Minister David Cameron (right) leaves after delivering a speech on the European Union with former foreign minister of the last Labour government David Miliband, at the British Museum in central London on May 9. Raising the stakes in Britain鈥檚 European Union membership debate, Prime Minister David Cameron said Monday that leaving the bloc would increase the risk of war in Europe. AP
LONDON鈥擝ritain鈥檚 Treasury says house prices could fall by up to 18 percent if the country leaves the European Union鈥攁 claim dismissed as scaremongering by campaigners for a UK exit from the bloc.
Treasury chief George Osborne says leaving the EU would be a 鈥減rofound economic shock.鈥�
Treasury analysis estimates property prices will be worth between 10 and 18 percent less by 2018 if Britain leaves than if it stays.
Osborne says Britain and its people 鈥渁re going to be poorer outside the EU.鈥�
Energy minister Andrea Leadsom, who backs a 鈥渓eave鈥� vote in Britain鈥檚 June 23 referendum, said Saturday that 鈥渢he greatest threat to the economy is the perilous state of the euro鈥� currency used by 19 EU states, and Britain should 鈥渢ake back control鈥� of its finances.