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British EU exit better than status quo: London report

Published on Aug 3, 2014 10:41 AM
Pedestrians walk past luxury stores on New Bond Street in London, UK on Wednesday, on Feb 29, 2012. -- PHOTO: BLOOMBERG

LONDON (AFP) - A report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EU.

Johnson is likely to give his backing to the report in a speech this week to launch the document, The Sunday Telegraph and The Sunday Times newspapers said.

The Conservative mayor is to address a business audience on Wednesday.

The report, by banker Gerard Lyons, contains eight demands for reform which go beyond the ambitions which Prime Minister David Cameron has set out.

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