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UK’s Cameron to take EU case to Parliament for referendum UK’s Cameron to take EU case to Parliament for referendum
(35 minutes later)
LONDON — British Prime Minister David Cameron is preparing to formally present his plan for a June 23 referendum on Britain’s European Union membership to Parliament. LONDON — The British pound plunged against other major currencies Monday as Prime Minister David Cameron tried to shore up support for remaining in the European Union when the U.K. holds a referendum in June.
Cameron, who wants Britain to remain part of the 28-nation bloc, will go to Parliament Monday after a weekend that saw London Mayor Boris Johnson announce he is in favor of leaving the union. The pound fell 1.7 percent to $1.4166, and also sagged against the euro, as bookmakers shortened the odds on a vote to leave — though betting markets still favor a “remain” victory.
The British pound sterling fell in early currency trading Monday on concern that the vote could be closer than expected. Cameron was due to make his case in the House of Commons Monday, arguing that a deal he struck Friday with the bloc gives Britain “special status” within the 28-nation EU, exempting Britain from ever-closer political bonds with the bloc and protecting the status of the pound against the euro single currency used by 19 EU countries.
Johnson wrote in The Daily Telegraph that the referendum offers a “once-in-a-lifetime” chance for real change. He says remaining in the bloc would mean more federalism and less democracy. Cameron’s governing Conservative Party is deeply split on the issue, with as many as half of Tory legislators in favor of leaving the EU — a prospect known as Brexit. They include London Mayor Boris Johnson, who on Sunday declared his support for a “leave” vote.
Johnson is joined by other Conservative Party figures although Cameron enjoys the support of key Cabinet ministers. In a column for Monday’s Daily Telegraph newspaper, Johnson — one of Britain’s few nationally known and popular politicians — wrote that the referendum offered a “once-in-a-lifetime” chance for real change. Unlike some dyed-in-the-wool Euroskeptics, who want Britain to leave the bloc entirely, Johnson suggested his goal is to renegotiate a new relationship with the EU after a Brexit vote.
“There is only one way to get the change we need — and that is to vote to go; because all EU history shows that they only really listen to a population when it says ‘no,’” he wrote.
Six of the 23 members of Cameron’s Cabinet also have announced they will campaign for an exit, though most of the senior figures say they will support the prime minister.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.