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London accounts for over a fifth of the UK's economy (Photo: Adolfo PM)

UK exit better than staying in unreformed EU, says report

A UK exit is better than remaning in an un-reformed EU, according to an upcoming report commissioned by London mayor Boris Johnson.

But the report, drafted by Johnson’s chief economic adviser Gerard Lyons, also warns an exit could cost London over a million jobs if the City fails to set up new trade policies.

The report set for publication on Wednesday looks at how the City’s economy could develop in the next twenty years under four different scenarios.

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

London accounts for over a fifth of the UK's economy (Photo: Adolfo PM)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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