Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

Britain To Vote On Europe

International Outlook: GLOBAL WRAPUP


-- Now that Norway has voted 52% to 48% against joining the European Union, pressure is building to give the British a say on whether to stay in. The government has resisted such a test, but now, Prime Minister John Major may yield. One possibility: a referendum on the next phase of European political and monetary union.

Why the about-face? Major's popularity is the lowest of his career. He trails the opposition Labor Party by 30 points in polls. Technically, he leads a minority government, having just excommunicated eight Euroskeptics from the Conservative Party for failing to back his bill upping Britain's payments to the EU. So he will have to rely on fringe parties such as the Ulster Unionists to pass legislation.

Major sees dangling a Europe vote as a way to unify his party and boost his ratings. He must call elections by 1997--if he can survive that long.EDITED BY STANLEY REED

The Aging of Abercrombie & Fitch
blog comments powered by Disqus