EU exit would leave Britain with 'zero influence'

clock

The UK would have "zero" influence if it voted to leave the EU, the outgoing president of the European Commission has said.

Jose Manuel Barroso said Britain could not negotiate with the US and China "on an equal footing" on its own, the BBC reports. He also said free movement of people within the EU was an "essential" principle that could not be changed. Conservative Party chairman Grant Shapps said Barroso was "out of touch" and an "unelected bureaucrat". Barroso was asked about Prime Minister David Cameron's stated intention to negotiate a better deal for the UK in Europe, ahead of an in/out referendum. Cameron has said he will "not take no for an answer" and "get what Britain needs" on the questio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot