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UK EU exit would be global economy 'shock' - G20 leaders | UK EU exit would be global economy 'shock' - G20 leaders |
(about 1 hour later) | |
Finance ministers from the world's leading economies have warned of a "shock" to the global economy if the UK leaves the EU. | |
The ministers gave their verdict in a statement released at the end of a two-day meeting of G20 nations in China. | |
Chancellor George Osborne, who is at the event, told the BBC the issue was "deadly serious". | |
But UKIP's Nigel Farage said the G20 announcement was "mates helping each other out". | |
"I'm not surprised that big government gets together to support David Cameron," he added. | |
"This is big banks, big business, big government all scratching each other's backs, I don't think that impresses voters." | |
UK, Chinese and American officials and the head of the International Monetary Fund (IMF), Christine Lagarde, have been discussing key issues for the global economy during the G20 summit in Shanghai. | |
'Adventurous journey' | 'Adventurous journey' |
The outcome of the UK's in-out EU referendum has been mentioned among global risks to the world economy and is set to appear in the final communique, according to a draft seen by BBC News. | |
BBC Shanghai correspondent Robin Brant said the draft was not expected to change. | |
Officials travelling with Mr Osborne say this prominent mention of the UK's referendum in the final communique is unusual, but he has denied that he pushed for it. | |
The chancellor told the BBC: "The financial leaders of the world's biggest countries have given their unanimous verdict and they say that a British exit from the EU would be a shock to the world economy - and if it's a shock to the world economy imagine what it would do to Britain." | The chancellor told the BBC: "The financial leaders of the world's biggest countries have given their unanimous verdict and they say that a British exit from the EU would be a shock to the world economy - and if it's a shock to the world economy imagine what it would do to Britain." |
He added: "This isn't some adventurous journey into the unknown, with all the humour attached to it, this is deadly serious." | He added: "This isn't some adventurous journey into the unknown, with all the humour attached to it, this is deadly serious." |
Analysis | |
By BBC Shanghai correspondent Robin Brant | |
With the gleaming early spring sunshine behind him, as he stood on the bank of Shanghai's Huangpu river, the chancellor said he was "deadly serious". | |
He's not the only one. It seems the other 19 nations at the G20 agree about the "shock", as they've called it if the UK walked out of the EU. | |
It's not a big surprise. The president of hosts China made it clear last year during his Chequers stay that he wants Britain 'In'. | |
But then again China doesn't really do intervention in domestic politics. | |
George Osborne will be pleased to have this significant and very public diplomatic backing as he sits on the plane back home tonight. | |
There's a whiff of the Scottish referendum campaign about it though, when various foreign leaders lined up behind the government position. | |
Asked if he or his officials had asked for the warning to be included in the statement, the chancellor said: "We've got countries around the table like the United States of America, like the IMF, like the Chinese who frankly don't do what anyone tells them to do and they." | |
A senior official from the Treasury told the BBC the chancellor's US counterpart had raised the issue during the meeting, as did others, including senior Chinese officials and Ms Lagarde. | |
Ms Lagarde was said to have been "forceful" when she mentioned it over a dinner meeting on Friday, our correspondent said. | |
Meanwhile, London Mayor Boris Johnson has clarified his position on the idea that a vote to leave the EU could force Brussels to give Britain a better deal and trigger a second referendum. | Meanwhile, London Mayor Boris Johnson has clarified his position on the idea that a vote to leave the EU could force Brussels to give Britain a better deal and trigger a second referendum. |
'Out is out' | |
Mr Johnson had previously suggested that only by voting to leave would the UK "get the change we need". | Mr Johnson had previously suggested that only by voting to leave would the UK "get the change we need". |
But in The Times, Mr Johnson stated categorically: "Out is out". | But in The Times, Mr Johnson stated categorically: "Out is out". |
Elsewhere, Prime Minister David Cameron has arrived in Northern Ireland as part of his UK tour to persuade voters that membership of a reformed EU is in their best interests. | Elsewhere, Prime Minister David Cameron has arrived in Northern Ireland as part of his UK tour to persuade voters that membership of a reformed EU is in their best interests. |
Mr Cameron is visiting two businesses in County Antrim. | Mr Cameron is visiting two businesses in County Antrim. |
The UK will vote on whether to leave or remain in the EU on 23 June. |