British Chancellor George Osborne warns of armed forces privitisation after Brexit.

The British Chancellor of the Exchequer, George Osborne, has warned that the British Armed Forces may have to be privitised should the UK vote to leave the European Union on 23 June. In a speech to be delivered later today, he will say, "It is inevitable that changes will have to be made to our armed forces after Brexit. An option open to us is to privitise them, and to that end we are holding talks with a number of interested parties. It is not a step I want to take, but I can tell you that a G4S Air Force and a Serco Army are already on the cards."