'Brexit' would be bad for business -Lloyd's of London CEO

May 27, 2015 11:14 AM

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LUXEMBOURG May 27 A British referendum decision to leave the European Union would damage the country's business prospects, Lloyd's of London Chief Executive Inga Beale said in Luxembourg on Wednesday.

Britain's Conservative government, elected this month, has promised a referendum on the country's membership of the European Union by the end of 2017, though expectations are growing that the referendum will take place next year.

Also read: Hollande Reiterates Support for Post-Brexit European Union

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