Day: February 22, 2016

Boris Johnson is now bookies' favourite to succeed David Cameron as leader of the Conservative Party after he announced he would vote for Britain to leave the EU. Despite grovelling David Cameron spending weeks trying to woo Boris Johnson in the EU referendum battle, BoJo will be fighting against the Prime Minister in the campaign. Mr Johnson not only announced he will vote for Britain to leave the EU but he piled humiliation on the PM by breaking the news to him in a text message just nine minutes before going public. Ambitious BoJo’s decision to back the Out campaign has been slammed as a cynical bid for the leadership of the party. A spokesman for the Remain campaign said: “This is the most nakedly self-serving piece of political positioning in years. “Everybody in Westminster knows ...

    David Cameron and Boris Johnson are set to clash in the Commons as the Prime Minister lays out his case for staying in the European Union. As the referendum battle gets under way for real, Mr Cameron is due to give MPs details of the new membership deal he struck with EU counterparts following marathon talks in Brussels. The premier has insisted he managed to win "special status" for the UK, with restrictions on benefits for migrants and an exemption from "ever closer" union. But Mr Cameron is likely to get a rough ride from Tory backbenchers and half-a-dozen Cabinet ministers who have already declared they will be voting for Brexit in the national poll on June 23. Sources close to Mr Johnson - who has effectively put himself at the head of the Out campaign by announcing h...

    Belgian soldiers patrol along the EU Commission headquarters as a Union Jack flag flutters next to European Union flags ahead of a visit from Britain's Prime Minister David Cameron in Brussels The pound has fallen sharply after a series of political heavyweights threw their weight behind a UK exit from the European Union. Sterling dropped by three cents to a one-month low against the US dollar. The fall of nearly 2% left the pound heading for its steepest one-day decline versus the US currency in almost seven years. It was also down by a cent against the euro after London mayor Boris Johnson and a number of Cabinet ministers said they wanted to leave Europe. What Cameron's EU reform deal really means A weaker pound against the single currency makes breaks to European desti...