Lloyds boss seen to back exit from EU
Published 15/10/2015 | 02:30
The chairman of Lloyds Banking Group has said that there was no "compelling economic argument" for Britain to stay in the European Union without a significant change in its relationship with the bloc.
The comments by Norman Blackwell, who was addressing the UK parliament's House of Lords in a personal capacity, are being seen as a boost to those campaigning for Britain to quit the EU in a referendum due by the end of 2017.
Prime Minister David Cameron is trying to renegotiate the terms of Britain's membership and has promised that once he has obtained a new settlement he will hold an "in or out" referendum.