SOUTH Somerset MP Marcus Fysh sparked controversy today after slamming speech about the dangers of leaving the EU as "severe specious b******s".

Tory MP Mr Fysh made the damning statement on Twitter after Chancellor George Osborne and Prime Minister David Cameron made a speech outlining the possible dangers if Britain left the EU at the headquarters of B&Q in Eastleigh.

As part of the speech, the Treasury, which Mr Osborne is the head of, released a report that had two sections, called "shock" and "severe shock".

The report said that if Britain left the EU, around 820,000 people would lose their jobs and wages would sink by four per cent per year, between £800 and £1,040.

The report also stated that chaos and market uncertainty following a Brexit could see the Government's borrowing surge by £39 billion, and the value of the pound plummet by 15 per cent. It also stated that house prices would tumble by up to 20 per cent, and that a Brexit would see Britain plunge into a recession.

At the speech in Eastleigh, Mr Cameron said that a Leave vote was a "self destruct option" and added: “The stakes couldn’t be higher, the risks couldn’t be greater."

However, South Somerset MP disagreed with the statement, tweeting a picture of the report and saying: "Severe b******s and severe specious b******s."

His tweet made national news, with many saying that the Conservative party, which Mr Fysh is a member of, had been divided by the EU referendum.