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You can find the current article at its original source at https://www.theguardian.com/politics/live/2016/jun/15/eu-referendum-live-osborne-punishment-budget-farage-flotilla-thames

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Version 6 Version 7
EU referendum live: 57 Tory MPs 'would vote against' Osborne's Brexit budget EU referendum live: 57 Tory MPs 'would vote against' Osborne's Brexit budget
(35 minutes later)
11.59am BST
11:59
And this.
Earliest I've ever seen Cameron come in for #PMQs, before 11.45am
11.59am BST
11:59
This is from the Labour MP Tom Blenkinsop.
The body language of Cameron and Grayling on the front bench at the moment can only be described as both fascinating and awkward #pmqs
11.58am BST
11:58
So many MPs wearing IN or OUT badges in the commons chamber for #pmqs - it's becoming more of a question why someone ISN'T wearing one!
11.57am BST
11:57
#PMQs @ 12 -q Remainy order paper, tho Speaker calling outers: My panel: @GiselaStuart @andreajenkyns @joannaccherry pic.twitter.com/MzaHJFGSJy
11.56am BST
11:56
Cameron's already in the chamber for #PMQs, glasses on, scrawling on his notes
11.56am BST
11:56
Cameron at PMQs
PMQs starts in five minutes.
There is no PMQs next week, so it is quite possible - given the rise in support for Leave in the polls - that David Cameron may have announced his resignation by the time he next faces Jeremy Corbyn across the despatch box in the Commons.
11.53am BST
11:53
Nigel Farage has tweeted this about Bob Geldof.
Multimillionaire Bob Geldof on the Thames mocking our declining fishing industry and families who have had their lives destroyed by the EU.
11.49am BST
11:49
Robert Booth
Bob Geldof has pulled alongside Farage’s boat and blasted “I’m In With The In Crowd” over a rig of four ear bleedingly loud speakers before taking the mic and declaring: “Nigel, you are a fraud.”
The Leave campaigners tried to shout back: “shame on you” but were drowned out.
Geldof attacked him as “no fishermans’ friend” as Farage stood at the prow of his boat facing the other way talking to Kate Hoey, the Labour leave campaigner.
Geldof’s sonic assault successfully drowned out Farage’s broadcast interviews.
11.46am BST
11:46
Q: 57 Tory MPs have effectively expressed no confidence in you. Would you be around to pass these measures?
Osborne says measures like this would have to be passed. He says the only thing worse than not taking action would be not taking action. People need to know this, he says.
Q: Would Labour MPs back plans like this?
Darling says one of the reasons Labour MPs are fighting for Remain so far is that they precisely want to avoid having to take choices like this.
And that’s it. The Osborne/Darling press event is over.
11.44am BST
11:44
Osborne announces his proposed Brexit budget
The Osborne/Darling event is now on BBC News.
Q: Are you sacrificing your job to win the referendum?
Osborne says this is not about one politician and his career. This is about the future of our country. What is the point of getting involved in public life if you do not fight for what you believe in?
Darling says the impact of a Brexit vote would last for years. The government would have to face up to the consequences of this and take some “pretty unpleasant action”.
Q: How quickly would you have to introduce these measures?
Within the next couple of months, says Osborne.
He says the government would have to show the world it had a serious plan for addressing these problems.
Q: Would Labour support these measures?
Darling says MPs would have to take difficult choices.
The exact choices would be a matter for the chancellor of the day.
But there is no one who could avoid the consequences of this.
If you create a mess, you have to clear it up. Far better not to create a mess in the first place.
11.40am BST
11:40
Robert Booth
The Brexit debate has taken to the waves. As we wait for Nigel Farage to join a flotilla of fishing vessels campaigning for Brexit by sailing upstream to the Palace of Westminster, a smaller fleet of Remain campaigners have embarked on vessels to come alongside, I think that’s the nautical term, and shout them down. Farage’s flotilla of about six vessels tethered near the north bank of the Thames near London Bridge l were just buzzed by the Sarpedon pleasure cruiser stuffed with black flag waving and jeering In campaigners and followed by more on a couple of inflatable ribs.
11.37am BST
11:37
This is what Alistair Darling, the Labour former chancellor, has been saying at the Brexit budget event with George Osborne.
Darling says conventional party politics is "on hold" until next Thurs, saying the vote will determine Britain for a generation
Economic security and social justice go hand in hand, Darling says, that's why Labour is backing this
(Darling clearly has not seen what John McDonnell has said this morning - see 10.36am.)
Beyond doubt that Brexit would tip UK back into recession, Darling says. Look at what is happening in the real world.
Once you light a blue touch paper on the economy, you can't be sure where it will end up, but an explosion will follow, says Darling
I'm even more worried now, much more worried than in 2008, says Darling pic.twitter.com/FTCkCoGxYB
This would not be the only emergency budget, Darling says, says he suspects it would be first of many after #Brexit
11.33am BST
11:33
Rolls-Royce has written to its staff saying it wants Britain to stay in the EU.
Here’s the Guardian’s story.
Related: Rolls-Royce backs remain in EU vote
And here is Angela Eagle, the shadow business secretary, commenting on it.
This is yet further evidence of the benefits membership of the largest single market brings to British workers and businesses. Nine out of ten economists agree that Britain is better off in and that a vote to leave the EU is a threat to jobs and the economy.
Rolls-Royce is a world-leading engineering company and employs 23,000 staff in the UK. This letter to staff makes clear that the uncertainty of a vote to leave the EU would be unsettling for the company.
11.28am BST
11:28
And back to the Osborne/Darling announcement.
Of Brexit and Black Holes. @George_Osborne at Hitachi pic.twitter.com/JV7JaLfG70
11.27am BST
11:27
More from the flotilla wars. This is the scene from Bob Geldof’s boat.
@CharKrol @AndrewSparrow pic.twitter.com/nOzQhPfhoH
11.23am BST11.23am BST
11:2311:23
And here is Steven Woolfe, Ukip’s financial affairs spokesman, on George Osborne’s proposed pro-Brexit budget.And here is Steven Woolfe, Ukip’s financial affairs spokesman, on George Osborne’s proposed pro-Brexit budget.
If George Osborne thinks he will still be chancellor in the event of a Brexit, he is living in cloud cuckoo land.If George Osborne thinks he will still be chancellor in the event of a Brexit, he is living in cloud cuckoo land.
His conduct during this campaign – culminating in Project Fear’s nuclear bomb today – has been nothing short of disgraceful. Given this fact, his threat to hold a punishment emergency budget which promises tax rises and extra austerity should be treated with the contempt it deserves.His conduct during this campaign – culminating in Project Fear’s nuclear bomb today – has been nothing short of disgraceful. Given this fact, his threat to hold a punishment emergency budget which promises tax rises and extra austerity should be treated with the contempt it deserves.
11.21am BST11.21am BST
11:2111:21
As George Osborne announces his hyphothetical Brexit budget, Tory MPs continue to criticise him.As George Osborne announces his hyphothetical Brexit budget, Tory MPs continue to criticise him.
This is from Owen Paterson, the former environment secretary, who is one of the 57 Tory MPs who has said they would vote against Osborne’s plans.This is from Owen Paterson, the former environment secretary, who is one of the 57 Tory MPs who has said they would vote against Osborne’s plans.
The Remain campaign have reached panic stations. They have lost all the major arguments and have now resorted to scaring the British people. They are taking us for fools.The Remain campaign have reached panic stations. They have lost all the major arguments and have now resorted to scaring the British people. They are taking us for fools.
If the Chancellor thinks he could pass such a punishment budget through the House of Commons he is utterly delusional. I wouldn’t hesitate about voting against it.If the Chancellor thinks he could pass such a punishment budget through the House of Commons he is utterly delusional. I wouldn’t hesitate about voting against it.
11.18am BST11.18am BST
11:1811:18
Here’s another extract from the Brexit budget.Here’s another extract from the Brexit budget.
Osborne's Brexit budget says Britain would not be able to 'grow its way out of this problem' pic.twitter.com/AzIbWkFWE9Osborne's Brexit budget says Britain would not be able to 'grow its way out of this problem' pic.twitter.com/AzIbWkFWE9
11.16am BST
11:16
Alistair Darling and @George_Osborne join together to warn of the economic impact of a vote to leave #strongerin pic.twitter.com/XPZpvobq00
11.12am BST
11:12
Here is the key chart from the document.
.@George_Osborne and Darling leak their post Brexit emergency budget. Hmmm pic.twitter.com/6Q9ry7yByr
11.11am BST
11:11
Journalists have been handed the Brexit budget.
Osborne's Brexit Budget has a very Brown look about it... pic.twitter.com/W8CkBL7lqd
11.07am BST
11:07
George Osborne is about to make his announcement about his proposed post-Brexit emergency budget shortly.
Waiting for Osborne's emergency #Brexit budget pic.twitter.com/89L2vDyWiy
11.02am BST
11:02
David Cameron is trying to arrange a joint pro-EU appearance with his predecessors Gordon Brown, Tony Blair and Sir John Major, Christian Today reports. The story by James Macintyre (who used to be the New Statesman’s political correspondent) says: “Plans are well developed for the prime minister to appear on a platform next week alongside Gordon Brown, Tony Blair and Sir John Major.”
10.57am BST
10:57
But the Mirror’s Mikey Smith is with Bob Geldof on a rival Remain flottila.
So I’m on a Remain boat with Bob Geldof and Rachel Johnson. They’re heading off Nigel Farage’s Thames flotilla. pic.twitter.com/JU3vpuwWtK
General consensus is Farage has more boats, but Sir Bob has a better sound system. pic.twitter.com/ILjTpUuSKJ
SHOTS FIRED! A Leave vessel just hit Remain supporters with a hose
Putin also here. #BattleOfTheThames pic.twitter.com/MhTGORVMZt
10.54am BST
10:54
Here are some pictures from the Brexit flotilla coming up the Thames.
And here is a statement from Nigel Farage, the Ukip leader, about the flotilla.
The governing principle of the common fisheries policy is that of “equal access to a common resource”. Fish stock is that should be within the UK’s internationally recognised territorial waters are now shared our European Partners. This has led to a 60% drop in oversized landings and the loss of tens of thousands of jobs in our industry.
There are now many harbours without a single commercial vessel, not satisfied with that the EU is now regulating our recreational sea anglers. Under and EU regulation issued in December no anglers may take a single bass for tea.This is now leading to a loss of jobs in our charter angling fleet.
Compare and contrast all of this with Norway who control all fishing stocks up to two hundred miles within the North Sea and has a booming commercial and angling tourism industry. EU membership has destroyed our industry.
Today’s flotilla is not a celebration or a party but a full throttled protest. We want our waters back!
10.48am BST
10:48
It is an opposition day in the Commons, which means the afternoon has been set aside for a debate on a motion tabled by Labour. Their motion, tabled by Jeremy Corbyn and others, is about the economic benefits of membership of the EU. This is what it says:
That this House believes that the UK needs to stay in the EU because it offers the best framework for trade, manufacturing, employment rights and cooperation to meet the challenges the UK faces in the world in the twenty-first century; and notes that tens of billions of pounds worth of investment and millions of jobs are linked to the UK’s membership of the EU, the biggest market in the world.
10.36am BST
10:36
McDonnell says Labour would never support Osborne's proposed post-Brexit emergency budget
Rowena Mason
John McDonnell, the shadow chancellor, said the party would never support such an emergency budget and disowned Alistair Darling’s backing for the approach.
This maybe a natural Tory approach but no Labour chancellor would respond to an economic shock in this manner. And neither did Alistair Darling in 2008. Any credible economist would tell you that raising taxes or cutting spending or both in response to an economic shock is the wrong thing to do.
It’s deeply worryingly that this suggests the current Tory chancellor thinks this is a sensible response. But it highlights what is on offer under a Tory Brexit as George Osborne is only saying what those Tories campaigning for a Tory Brexit truly believe deep down.
10.31am BST
10:31
Sturgeon warns Brexit will lead to 'rightwing Tory takeover' of UK
Severin Carrell
Nicola Sturgeon has warned that a Brexit vote next week will lead to “a rightwing Tory takeover” of the UK, allowing a “power grab” by Conservatives who believe David Cameron and George Osborne are moderates.
Urging remain supporters to “vote in big numbers” next week, the first minister has said a Brexit vote would leave Scotland “vulnerable to the most rightwing Tory government in modern history.”
Her message also appeared aimed at the third of Scottish National party voters thought to back the leave campaign, which is now seeing a clear lead in the latest UK opinion polls.
“If we leave Europe, they will take it as a green light to scrap workers’ rights and employment protection, slash public spending as part of their ideologically driven austerity obsession – and would target Scotland for extra cuts,” she added.
“Scotland needs to send as strong a message as possible that we reject this right-wing Tory agenda entirely – and the only way to do that is for people to vote in big numbers to stay in Europe. In doing so, we can also help the progressive case across the UK.”