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British EU exit better than status quo: London report

A report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EUA report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EU. Johnson is likely to give his backing to the report in a speech this week to launch the document, The Sunday Telegraph and The Sunday Times newspapers said. The report, by banker Gerard Lyons, contains eight demands for reform that go beyond the ambitions set out by Prime Minister David Cameron. If the Conservative leader remains in Downing Street after the May general election, he intends to renegotiate London’s relationship with Brussels then hold a referendum by the end of 2017 on whether Britain should remain in the EU.

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