The Treasury 'grossly exaggerated' the impact of leaving the EU on Britain's finances, according to an academic review published today.
Most economic modelling has found that a Brexit vote in the June 23 referendum would make little difference to Britain's economy, the study by the influential Cass Business School concluded.
It said the Government had ignored waves of research in favour of publishing 'highly prejudiced' reports warning the UK would be poorer by £4,300 per household by 2030 and be hit by an immediate recession.
And in a damning verdict on George Osborne's approach to the referendum campaign, author Dr David Blake, a professor of Pension Economics at Cass Business School at City University London, accused the Treasury of becoming a 'propoganda machine' for the EU.
brexit impact, page-96
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