ITV

Image source, Gett

Leave's Chris Grayling has reacted to the chancellor's warning as well this morning.

The leader of the Commons told ITV's Good Morning Britain he took the figure of £30bn - the "black hole" George Osborne says would have to be filled in the public finances after Brexit - with a "pinch of salt", and it was no coincidence that the warning came after the Leave campaign had edged ahead in some polls. 

"It assumes the worst - that we don't carry on trading with the EU," he said of Mr Osborne's calculation.

 Mr Grayling said EU countries would continue to trade as the UK is the bloc's "biggest customer".

Image source, Getty Images

George Osborne will stand alongside his Labour predecessor Alistair Darling when he makes his warning today about the need for spending cuts and tax rises in the event of a Leave vote.

Lord Darling will say he is "more worried" now than he was when the financial crisis hit in 2008.

However, Liam Fox - senior Conservative, former defence secretary, and prominent Leave campaigner - accused Mr Osborne of devising "a punishment Budget" that "would be rejected by both sides of the House of Commons".

“It would damage the chancellor’s credibility and would be putting his own position in jeopardy," he said.

“I think the British public would react adversely to such a threat based on the chancellor being afraid they will vote the wrong way in his opinion."

David Cameron is taking the Remain message across the country, but what are the views in his own constituency? The BBC News website has been to Witney, in Oxfordshire, to find out.

On Tuesday night, 80 young people aged between 16 and 25 argued for and against leaving the EU in a special Newsbeat debate in Birmingham. Immigration, the economy and Britain's place in the world were the main talking points.

Read more about what they had to say.

Gavin Lee speaks to people in Gibraltar about their EU referendum destiny

In other matters related and unrelated to the EU this morning:

- Sir Philip Green is due to appear before MPs this morning to answer questions about his sale and the subsequent collapse of retailer BHS

- Engineering firm Rolls Royce is warning its employees about the risks of Brexit, saying it would "limit any company's ability to plan and budget for the future"

- The late broadcaster and MP Sir Clement Freud has been accused of abusing two girls between the late 1940s and 1970s

Image source, Reuters

We've all heard of Project Fear, but what about "Project McFear"? Well, that's the phrase being used by Scottish Vote Leave in response to the latest warning from Nicola Sturgeon.

The pro-Remain first minister says a UK vote to leave the EU could "leave Scotland at the mercy" of "the most right-wing Tory government in modern history".

Ms Sturgeon said the Leave campaign was being driven by elements on the right wing of the Conservative Party, who would take a vote to leave the EU as "their signal to make their power grab complete".  

But as mentioned, Scottish Vote Leave has dismissed the comments as a "desperate bid to scare voters".

Read more

Norman Smith
Assistant political editor

You can already hear the cries that this is Project Fear on steroids from George Osborne. But he would say it's Project Reality, and in campaign terms, Remain take the view that despite the squalls around immigration, the economy will win through in the end because history would suggest it always does when people in Britain go to the polls.

One point about today's warnings. Most of the economic forecasts so far have been rather distant - talking about the UK being x amount poorer in 15 years time - but this latest warning is of a Budget within weeks that would result in a real hit for family finances.

On the Leave side today, we've almost got a mini Queen's Speech with six bills, including measures like ending the jurisdiction of the European Court. They're certainly sounding increasingly like a Brexit government in waiting.

Image source, Getty Images

That's George Osborne's view of what would happen in the event of Brexit, but Leave campaigners are today setting out a very different vision.

Often accused of having no plan for what would happen after a Leave vote, they have now set out a "roadmap" of action the UK should take to "take back control" if the country votes to leave the EU.

Parliament should act to end free movement and curb the power of EU courts, while a new settlement with the European Union - including a UK-EU free trade deal - could be reached by 2020, they say.

The Stronger In campaign said Vote Leave wanted "to quit Europe with no idea about what comes next".

Read more

Image source, AFP

Our lead story first thing this morning is a dramatic warning from Chancellor George Osborne, who says he would have to slash public spending and increase taxes in an emergency Budget if the UK votes to leave the European Union.

Mr Osborne will say today that the drastic action would be necessary to tackle a £30bn "black hole" in the public finances caused by a Brexit hit.

This could include raising income and inheritance taxes and cutting the NHS budget, he'll say.

But leading Brexit-backing Conservative Steve Baker said he was "shocked" the government was threatening to break manifesto pledges.

And Vote Leave criticised Remain's "hysterical prophecies of doom".

Read more

Hello once again from Westminster and your EU referendum campaign live coverage. There's just over a week to go until polling day now, but no sign of fatigue in these quarters. So stick with us and we'll bring you all the news and analysis throughout the day.

A look back at today's main stories:

• Deputy Labour leader Tom Watson has said EU immigration rules may have to be revisited, saying "woe betide" the party if it ignores public concerns
• It comes amid concern in the Remain camp that Labour voters who feel strongly about immigration are leaning towards voting Leave on 23 June
• Labour MP and Leave campaigner John Mann said the party was finally "admitting defeat" over backing for open borders
• But Buzzfeed News reports that Jeremy Corbyn has pledged to defend EU free movement rules, saying they are "intrinsic" to the European Union.
• Jeremy Corbyn urged the Labour movement to unite to stay in the EU, warning that Brexit would be bad for the NHS
• Ministers campaigning to leave the EU say recipients of EU funding would get the same money if the UK votes to leave on 23 June
• A challenge to the UK's right to deny some EU migrants child benefit and child tax credits was rejected by European judges
• The UK's inflation rate, as measured by the Consumer Prices Index, was unchanged in May at 0.3%, figures show.

BuzzFeed
BuzzFeed

Labour deputy leader Tom Watson has suggested that Labour should pursue reforms to EU free movement rules amid concerns that Labour voters who feel strongly about immigration are leaning towards supporting Brexit.

But Buzzfeed News reports this evening that party leader Jeremy Corbyn has said he would defend the right of EU workers to migrate to the UK.

“It’s intrinsic to the European Union that there has to be free movement of people," he told Buzzfeed News.

The Sun

Sun political editor Tom Newton Dunn claims Theresa May could be removed as home secretary in a post-EU referendum reshuffle, if the UK votes to stay on 23 June.

He writes that David Cameron is "furious" with Mrs May, external for not campaigning harder for a Remain vote. "His close allies have also accused her of keeping a low profile to boost her Tory leadership hopes," Newton Dunn says.