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    Nothing at all and the Treasury would lose vast amounts of tax revenues, inward investment into the UK would dry up and talent would disappear abroad, unemployment would soar and massive public spending cuts would need to be initiated that are far, far deeper than anything I have ever suggested. Inflation would rise significantly and the government would have to default on debt, insurance companies going bust with pensioners losing their annuity income. That is only the start of the problem. Our children would inherit a bankrupt third world country.

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