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Cameron’s ‘Brexit’ diplomacy revives 2011 banking spat

Bloomberg When British Prime Minister David Cameron rushed to Paris late on Monday to lobby the French leader over safeguards for London’s banks, the latest in a long line of disputes between the two countries had been five years in the making. French President Francois Hollande is leading a group of euro-area countries unhappy with U.K. demands to shield its ...

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EU’s Juncker rules out Brexit, says no ‘plan B’

Brussels / Bloomberg European Commission chief Jean-Claude Juncker refused on Tuesday to entertain the idea of a British exit from the European Union, saying there is no “plan B” ahead of talks with British Prime Minister David Cameron. Juncker, head of the EU executive, said he expected Britain to stay in 28-nation bloc as “a constructive and active member.” “If ...

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‘Brexit’ to put $670bn of UK trade at risk

Alex Morales / Bloomberg A British departure from the European Union would put at risk 466 billion pounds ($670 billion) of U.K. trade with nations in Europe and beyond, according to a report published on Tuesday by the Centre for Economic and Business Research. Britain’s membership of the bloc gives it “easy” access to trade with the other 27 member ...

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