United Kingdom election could lead to vote on leaving European Union

Global Business

The U.K. general election is six weeks away and the results could lead to a referendum on leaving the European Union. A leading European think tank has warned of potentially huge economic consequences. Richard Bestic filed this report from London.

CORRECTION: Earlier story said UK would vote on leaving European Union.

United Kingdom election could lead to vote on leaving European Union

United Kingdom election could lead to vote on leaving European Union

The U.K. general election is six weeks away and the results could lead to a referendum on leaving the European Union. A leading European think tank has warned of potentially huge economic consequences. Richard Bestic filed this report from London.

Highlights:

  • British Prime Minister David Cameron has reluctantly promised a referendum after the General Election now just over six weeks away.
  • 60% of UK trade is with the EU, so according to the organization Open Europe, the price of leaving the EU could be as high as $85 billion a year.
  • That would see the UK economy shrink by 2.2%.

Brian Beary of Europolitics on the UK leaving the EU
For more on the implications of UK leaving the EU, CCTV spoke to Brian Beary, the Washington Correspondent for Europolitics, the Brussels-based European affairs newspaper

Brian Beary from Europolitics on possibility of UK leaving the EU

Brian Beary from Europolitics on possibility of UK leaving the EU

For more on the implications of UK leaving the EU, CCTV spoke to Brian Beary, the Washington Correspondent for Europolitics, the Brussels-based European affairs newspaper

CORRECTION: Earlier story said UK would vote on leaving European Union.

  • SITS Industries

    Ummmm…… it’s a general election to elect the next government, not a referendum on EU membership.

    • The headline and text has been corrected. Thank-you for bringing it to our attention.

  • The headline and text has been corrected. We regret the error. Thank-you for bringing it to our attention.

  • That Headline sure did take me by surprise.

  • The headline and text has been corrected. We regret the error. Thank-you for bringing it to our attention.