British Prime Minister David Cameron.(Photo: Leon Neal, AFP/Getty)
LONDON -- Top U.K. executives are warning Prime Minister David
Cameron that he could damage the country's economy by inadvertently
taking the country out of the European Union.
In a letter
published Wednesday in the Financial Times, Virgin Group's Richard
Branson, London Stock Exchange head Chris Gibson-Smith and eight other
business leaders are challenging Cameron's plan to renegotiate the
U.K.'s membership terms of the 27-country EU and put the matter to a
referendum. The executives warn that such a plan could fail, pushing the
U.K. out of the EU and hitting business.
Tough economic times are
forcing the 17 EU countries that use the euro to move ever closer -
creating a more powerful union that could affect how much non-euro
members spend - something Britain's leaders are against.
Associated Press