British Prime Minister David Cameron leaves 10 Downing Street in London on 18 June, 2014 preparing to meet Estonian Prime Minister Taavi Roivas.AFP PHOTO / JUSTIN TALLIS
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LONDON: When Britain elects a new government in May next year, business faces a difficult choice: Conservatives who could pull the country out of the European Union, or Labour waving the threat of tougher regulation.If the Conservatives are elected, major exporters and banks fret that Britain's EU membership could be in danger, posing major risks to their role in Britain's $2.5 trillion economy, the world's sixth largest.Many businesses fear that British voters could end up slamming the door on access to the $17.7 trillion EU economy.City lobbyists say that in the wake of that speech, more businesses want to meet with senior Labour lawmakers to make their concerns heard and find out more about the direction Labour would take under Miliband if it won the election.Miliband has denied his party is anti-business, but his approach is more traditionally interventionist than Blair, who courted business and preferred to occupy what he said was the center ground of British politics.
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