Clegg: UK must stay in EU

<p>Deputy prime minister Nick Clegg has called for the UK to stay in the EU.</p>

Liberal Democrat leader and deputy prime minister Nick Clegg says the UK must remain in the European Union (EU), as it would be "economic suicide" to pull out.

Speaking at the London headquarters of Swiss technology firm Buhler Group today (October 8th), Mr Clegg called for the UK to form a new "coalition in the national interest" to make the case for staying in the EU.

"The day I dread – the day I hope never comes – is a time when it is all too late: Britain has stumbled out of the EU and we look back to these days and say we should have done more," said Mr Clegg.

He added the case for staying in the EU cannot wait until the eve of a referendum on the matter.

Business for Britain chief executive Matthew Elliott accused the Liberal Democrat MP of being "out of touch" with the country's mood on the EU issue.

The UK's place in the EU looks set to be a key battleground for all four main parties ahead of the next general election, which is due to be held in 2015.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.