London Mayor Says U.K. Has Nothing to Fear From EU Exit

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London Mayor Boris Johnson said the U.K. could thrive outside the European Union and should be prepared to leave the bloc if Prime Minister David Cameron fails to win sufficient changes to the way it functions.

The best option for Britain, where Cameron has pledged a referendum on membership by the end of 2017, would be to stay within a “reformed” EU, Johnson said today, according to extracts of a speech e-mailed by his office, and the U.K. should be able to achieve that.