Woodford: UK faces crunch time over EU

 
Ollie Gordon
RESPECTED fund manager Neil Woodford yesterday warned that the UK’s relationship with the EU is at a critical point.

In a blog post on the website of his investment firm, CF Woodford Equity Income, the star investor said: “I believe the UK is fast approaching the point at which it has to decide whether it is fully in or fully out of Europe... Britain is, by choice, on the sidelines of this debate. We are not properly ‘in’ Europe – we haven’t even accepted the monetary union, let alone the fiscal union – nor are we properly ‘out’. As the debate in Europe intensifies, however, this stance seems increasingly unsustainable.”

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