UK's Osborne: Brexit hit to economy could be worse than forecast

English account clergyman George Osborne said he trusted that the hit to the nation's economy from a vote to leave the European Union on Thursday could be more serious than the in all probability situation estimate by the legislature.

"The focal appraisal is that our GDP would be 5 to 6 percent littler. By and by, I believe it's conceivable that it could be a considerable amount more regrettable than that," Osborne said in a meeting with ITV TV on Sunday.

The account service evaluated in May that a vote to leave the EU would mean the economy would be 6 percent littler inside two years than if Britain voted to stay in, expansion would rise all the more strongly and house costs would be 18 percent lower.

"Individuals are doing this as of now. They are not purchasing houses, they are not purchasing autos. They are postponing speculation. This is before the vote. This is an essence of things to come," Osborne said.

(Reporting by William James, composing by William Schomberg)

Britain's Chancellor of the Exchequer George Osborne speaks at a Remain in the EU campaign event at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016.

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