Britain leaving the EU is now a serious possibility

Last December UK Prime Minister, David Cameron, refused to sign the UK up to the EU’s Fiscal Compact Treaty, in a move, at least in part, aimed at assuaging the Conservative party’s Eurosceptic wing. Tim Bale argues that the Conservatives may find it very difficult to avoid promising an in/out referendum at the next election, and that the Labour Party may well follow suit. With that referendum comes the serious possibility that Britain will cease to be a member of the Union.