Tuesday, May 28, 2013

Britain could miss out on billions of pounds of U.S. investment if it leaves the EU, Obama officials warn...Nothing like a bit of blackmail to get the day started

Britain risks losing out on £10billion a year in trade deals if the UK withdraws from the European Union, the Obama administration has warned.

US officials have told their British counterparts that a vote to leave would exclude the UK from a transatlantic free trade deal which leaders hope to thrash out later this year.

American diplomats believe it will be very difficult to get the so-called Transatlantic Trade and Investment Partnership – which could generate hundreds of billions of pounds worth of trade – through the US Senate.