Claims that a vote to leave the European Union would leave British households £4,300 worse off in 15 years time are "wrong".
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".
Chancellor George Osborne has defended the so-called 'scare tactics' employed by the Remain camp to convince Britain to vote to stay in the European Union.
Speaking to ITV News Mr Osborne said that "the British people want the facts" adding: "There is an overwhelming view from those around the world...which is we would be worse off outside the EU and stronger, better off inside the EU."
Chancellor unveils crackdown on international tax dodging in what he describes as a bid to 'lift the veil of secrecy' criminals hide behind.Read the full story ›
It has been a day of revelations, with some of the UK's most high-profile politicians offering the public a glimpse into their tax affairs.
Chancellor George Osborne released his figures from last year, showing that he earned a taxable income of £198,738 and paid £72,210 in tax.
London Mayor Boris Johnson published four years of records, revealing a total taxable income of £612,583. He paid £260,621 in tax.
Labour leader Jeremy Corbyn revealed that he earned a total taxable income of £72,645 and earned an extra £1,850 from other income sources. He paid £18,912 in tax.
ITV News' Julie Etchingham reports:
The prime minister nor the chancellor have published their full tax return but just a summary that leaves more questions, the shadow chancellor said.
Chancellor George Osborne published his tax return after the prime minister urged him too amid a row over his personal finances.
This has been a distraction not a true disclosure. Neither the Prime Minister nor the Chancellor has published their full tax return like myself or the Leader of the Labour Party.
Instead they have provided a summary that leaves more questions than answers, which strikes me as an odd approach and is as transparent as dish water.
Chancellor George Osborne has released his tax return after the prime minister urged him to publish the records.Read the full story ›
Around 20 disability campaigners have unfurled banners and shouted slogans in the lobby of the House of Commons over the Government's cuts to benefits.
The protest took place as MPs were in the main Chamber for Prime Minister's Questions.
The demonstrators chanted "No more death from benefit cuts" and brandished a banner asking "Is this how 2 treat disabled people?"
Police officers lined up to prevent any attempt by the protesters to gain access to the Commons chamber but there was no immediate attempt to remove them.
Chancellor George Osborne's Budget has clearer is first parliamentary hurdle, despite a more than £4 billion hole left following his U-turn on disability benefit cuts.
Despite the highly charged debate over the Budget that has developed in recent days, the government won today's main vote on Budget resolutions by 310 votes to 275.
A series of specific budget resolutions, including the cut in capital gains tax, were also passed.
Mr Osborne admitted the now-scrapped disability payment cuts were a "mistake", but stressed that public finances had to be brought under control.