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Report Finds Financial Benefit from U.K. Exit from EU
October 01, 2014
A report from the U.S.-based Heritage Foundation finds that a British exit from the EU and signing of a trade deal with the U.S. would boost the U.K. economy by £10 billion.
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EU Countries Warn U.K. over Payment of Unemployment Benefits
October 01, 2014
A group of fellow EU member states have accused the British Government of refusing to pay unemployment benefits to people who had worked in the U.K. but had returned to their home countries after losing their jobs, raising the possibility that these countries may seek action on the issue by the European Commission.
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Cameron Raises Possibility of Leaving EU
October 01, 2014
The Telegraph reports that in an interview at the beginning of the Conservative Party Conference, British Prime Minister David Cameron stated that he would not campaign for the U.K. to remain in the EU in a proposed referendum in 2017 if, at that time, he finds it is not in the interest of the country to do so.
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EU Will Punish Avoidance of Banker Bonus Caps
October 01, 2014
As it begins enforcement of EU caps on bonuses to banking executives, the European Banking Authority has indicated that it will take a stricter stance than the U.K. and other EU member states on what constitutes fixed pay, thus clamping down on attempts by banks to "sidestep" the rule.
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EU Rejects U.K. Calls for Independent Assessments of Proposals
October 01, 2014
EurActiv reports that the incoming European Commission has rejected a proposal, among others circulated by the British Government among EU officials, calling for an independent body to review the impact of Commission proposals on the competitiveness of European businesses and on consumers.
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