Claims that a vote to leave the European Union would leave British households £4,300 worse off in 15 years time are "wrong", according to a prominent Brexit campaigner.

Chancellor George Osborne said on Sunday night that each household in the UK would suffer financially if Britain votes in favour of Brexit on June 23.

The claims are part of a wider piece of work by the Treasury on the cost of leaving the EU.

But Leave campaigner John Redwood MP said the Treasury's judgement on the EU "should not be trusted".

"The Prime Minister was one of the senior advisers working in the Treasury while John Major's Government tried to keep this country in the EU's disastrous Exchange Rate Mechanism", he said.

'The ERM destroyed jobs and caused misery for families across the country.

'The Remainers were wrong then, and they are wrong now - people should not trust their judgement on the EU".