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‘Leave’ leader: UK could keep EU free trade after Brexit

The campaign is also aware that a line-by-line blueprint would invite a line-by-line rebuttal from David Cameron, his fellow Remain campaigners and colleagues across the EU.

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The Cabinet Minister said in London speech: “Yes there will be “contagion” if Britain leaves the European Union – but what will be catching is democracy”.

“Those of us who want to leave believe that Britain’s best days lie ahead, that our country has tremendous untapped potential which independence would unleash”.

“After we vote to leave we will remain in this zone”.

Over 100 members of Britain’s parliament have reportedly written to the American ambassador in London to make their displeasure known.

More than 200 entrepreneurs have thrown their weight behind the campaign for Britain to stay in the European Union, warning that the economic shock of Brexit would be “hugely damaging” to the prospects of start-up businesses.

Eight former US Treasury secretaries have written a letter claiming that a Brexit could trigger the rise of “populist anti-EU movements” in other countries and open Pandora’s box.

“He alleged that the Prime Minister’s Brussels agreement wasn’t worth the paper it’s written on, and no global lawyer has agreed with him. And too many domains where the member states are better placed to take action and pass legislation”.

London accounts for 41% of global foreign exchange turnover, for example – more than double of its nearest rival NY – but Mr Boleat said that a non-EU Britain would have no say over rules that would apply to institutions seeking to operate in the EU.

The EU had plans for greater power over tax and the financial system and the European Court of Justice could “erode even more of our independence” in future.

“If we vote to stay, we’re not settling for a secure status quo”, Gove said on BBC Radio 4’s “Today” program before his speech.

“Deleting the phrase “ever closer union” offers no protection”, he said.

“From the US perspective, this doesn’t serve anyone’s interest”, he said.

One journalist in the audience asked whether Mr Gove was offended by Mr Osborne describing some Brexit campaigners as economically illiterate.

“Wages would be lower and prices would be higher”, Osborne added.

And they warned: “The economic shock of a vote to leave the European Union would…be hugely damaging to our businesses”.

After Brexit t he United Kingdom would be represented by a Briton at the World Trade Organisation, rather than “an ex-sociology lecturer from Sweden”, and would also be free to adopt a points-based system to control immigration.

“So a Canada deal is not the right deal for us”, he said. We often found that our collective efforts benefited from having a strong Britain within Europe.

“Michael Gove wants to wish away reality, but the truth is every credible independent forecaster says Brexit will hurt our economy”, said Labour Party lawmaker Alan Johnson.

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Polling is inconclusive, with some indicating the vote will be tight, and others showing a lead for the “remain” side. “The core of this campaign is about prosperity and economics, and the more it is about these issues the more leave loses”.

UK unemployment rises for first time since mid-2015 as EU vote nears