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.

The best option is t...