Business World

Friday 21 October 2016

Lloyds boss seen to back exit from EU

Estelle Shirbon

Published 15/10/2015 | 02:30

The Lloyds building in London
The Lloyds building in London

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.

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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.


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