UK exit better than staying in unreformed EU, says report

Author (Person)
Series Title
Series Details 04.08.14
Publication Date 04/08/2014
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Report of a study ('The Europe Report: A win-win situation') commissioned by the high profile Mayor of London Boris Johnson and published on the 6 August 2014, which looked at how the City of London economy could develop in the next twenty years under four different scenarios in terms of the United Kingdom's relations with the EU.

At the meeting launching the report on the 6 August 2014 Boris Johnson told an audience of leading business and financial experts in the City of London that the European Union was suffering from a crisis of economic under performance and a collapse of political trust. However he believed that a reformed EU, minus crippling regulations and directives, but with increased focus on completing the single market for the benefit of every Londoner and all Europeans, would be the single best option for London, the UK and Europe.

According to Open Europe the key reforms proposed in the report were: addressing the relationship between euro ins and outs, liberalising the single market in services, safeguards on the single market in financial services and the position of the City of London, EU budget reform, reducing the burden of social and employment law, and halting over-regulation.

At the same meeting launching the report, Boris Johnson ended months of speculation by saying he would seek to become an Member of Parliament (MP) again at the 2015 General Election. Commentators speculated that the charismatic politician hoped to eventually replace David Cameron as leader of the Conservative Party.

Source Link http://euobserver.com/political/125179
Related Links
ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/
ESO: Background information: Bundesbank boss urges Britain to stay in EU http://www.europeansources.info/record/bundesbank-boss-urges-britain-to-stay-in-eu/
ESO: Background information: The consequences of Brexit for the City of London http://www.europeansources.info/record/the-consequences-of-brexit-for-the-city-of-london/
ESO: Background information: Goldman Sachs exec warns European banks will quit London if UK leaves EU http://www.europeansources.info/record/goldman-sachs-exec-warns-european-banks-will-quit-london-if-uk-leaves-eu/
Sunday Telegraph, 02.08.14: Boris to raise questions over Britain's EU membership http://www.telegraph.co.uk/finance/economics/11008167/Boris-to-raise-questions-over-Britains-EU-membership.html
UK: Greater London Authority: London.Gov.UK: Mayor of London: Working in Europe https://www.london.gov.uk/mayor-assembly/mayor/working-in-europe
UK: Greater London Authority: London.Gov.UK: Mayor of London: Press Release, 06.08.14: Mayor of London focuses on a win-win future for London, the UK and Europe http://www.london.gov.uk/media/mayor-press-releases/2014/08/mayor-of-london-focuses-on-a-win-win-future-for-london-the-uk
UK: Greater London Authority: London.Gov.UK: Priorities: Business & economy: Vision and strategy: The Europe Report: A win-win situation, August 2014 http://www.london.gov.uk/priorities/business-economy/vision-and-strategy/the-europe-report
Blog: Open Europe, 06.08.14: Boris: EU reform the best option, but Brexit should not scare us http://www.openeuropeblog.blogspot.co.uk/2014/08/boris-eu-reform-best-option-but-brexit.html
BBC News, 06.08.14: Don't fear European Union exit, says Boris Johnson http://www.bbc.co.uk/news/uk-politics-28672286
BBC News, 06.08.14: Boris Johnson to seek 2015 Commons return http://www.bbc.co.uk/news/uk-politics-28673113
The Guardian, 06.08.14: Boris Johnson's EU reform list for Cameron to stop him voting for exit http://www.theguardian.com/politics/2014/aug/06/boris-johnson-david-cameron-eu-reform-list-stop-vote-exit
Blog: Open Europe, 08.08.14: Boris is right to set out an ambitious EU reform agenda http://www.openeuropeblog.blogspot.co.uk/2014/08/boris-is-right-to-set-out-ambitious-eu.html
EurActiv, 18.08.14: Financial Times: Britain's EU exit could lead to banking exodus http://www.euractiv.com/sections/uk-europe/financial-times-britains-eu-exit-could-lead-banking-exodus-307801
EurActiv, 26.08.14: Cameron mulls fresh Brexit threat http://www.euractiv.com/sections/uk-europe/cameron-mulls-fresh-brexit-threat-307961

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