LONDON: Britain's exit from the European Union could see its economy shrink by six percent by 2030 and cause "permanent" economic damage, the country's finance ministry will say in an analysis due out on Monday, according to media reports.

"The conclusion is clear: for Britain's economy and for families, leaving the EU would be the most extraordinary self-inflicted wound," Chancellor of the Exchequer George Osborne wrote in The Times newspaper.

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