Money digest: need-to-know financial news

The Times reports this morning that Britain will be poorer by the equivalent of £4,300 a year per household if there is a vote to leave the European Union. In an article for the paper, George Osborne says that a Canadian-style post-Brexit deal with Europe, an approach advocated by Boris Johnson, would cause Britain’s economy to shrink by 6 per cent by 2030. He asks whether this is a ‘price worth paying’. The Chancellor added: ‘The conclusion is clear: for Britain’s economy and for families, leaving the EU would be the most extraordinary self-inflicted wound.’ A Treasury analysis on the cost of an EU exit will be published today. A story about saving makes it to the front page of The Telegraph. According to the paper, millions of savers are missing out on top savings rates while others are being overcharged by the taxman amid chaos created by the Government’s new rules on savings interest taxation.