UK PM Cameron unable to call for EU Referendum

The Prime Minister said that his Coalition deal with the pro-European Liberal Democrats means the Government cannot introduce legislation paving the way for a vote on Europe after the next election.

Mr Cameron’s comments on legislation, in a private letter to Conservative MPs, come only days after he dropped a pre-election hint that he was prepared to consider the option.

The admission came as the Conservative debate about Europe intensified over a suggestion from Lord Lawson of Blaby, a former Chancellor, that Britain should now leave the EU.

Mr Cameron has promised to hold a referendum on the UK relationship with the EU in the next Parliament, if he is re-elected.

That promise has not curbed the rise of the UK Independence Party, and some Conservative MPs say that is because voters do not believe Mr Cameron’s pledge.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu