EU referendum: Poll shows massive lead for Remain camp

The "remain" camp held a 15-point lead over its "leave" rivals in Britain's EU referendum campaign, according to the latest poll from ORB for the Telegraph newspaper, published on Monday.

The poll found that among all respondents, support for remaining in the union stood at 55 per cent, while that for the so-called Brexit option was at 40 per cent.

Britons will vote on June 23 on whether their country should remain in or leave the 28-member bloc.

The "remain" camp held an eight-point lead over its "leave" rivals in a separate ICM poll for the Guardian newspaper, also published on Monday.

The poll was reported as some US banks said a Brexit could result in them giving up parts of their business in the EU altogether.

The option is an extreme scenario under consideration by some Wall Street firms if the terms of an exit, currently a matter of speculation, leave financial services companies in Britain unable under their current set-ups to do business inside the EU, according to discussions Reuters had with several US banks and their lawyers.

The scenarios being studied by taskforces at US banks underscore the extent to which the London operations of non-European banks are linked to business on the continent.

In particular focus are the banks' market operations, as trading of most European securities is regulated at the EU level but conducted by many investment banks mainly out of London.

The five largest US banks employ 40,000 people in London, more than in the rest of Europe combined, taking advantage of the EU "passporting" regime that allows them to offer services across the bloc out of their British hubs.

Having to reorganise business in order to set up new continental European outposts – which US banks say is a worst-case scenario that they are being forced to consider – would be so costly that it would make some rethink their commitment to the bloc altogether.

"The costs may lead some banking groups to reassess how important Europe is in the context of their global business and what sort of presence they wish to maintain post-Brexit," said Edward Chan, a partner at the law firm Linklaters, which has been advising banks on contingency arrangements.

related articles
Obama warns post-Brexit Britain: \'You\'d be at the back of the queue for US trade deal\'
Obama warns post-Brexit Britain: 'You'd be at the back of the queue for US trade deal'

Obama warns post-Brexit Britain: 'You'd be at the back of the queue for US trade deal'

Obama tells British youth: Reject cynicism, don\'t pull back from the world
Obama tells British youth: Reject cynicism, don't pull back from the world

Obama tells British youth: Reject cynicism, don't pull back from the world

Peace in our time? Warnings exchanged over EU Referendum
Peace in our time? Warnings exchanged over EU Referendum

Peace in our time? Warnings exchanged over EU Referendum

\'Remain\' Christians to Brexiteers: \'You are wrong politically, historically and theologically\'
'Remain' Christians to Brexiteers: 'You are wrong politically, historically and theologically'

'Remain' Christians to Brexiteers: 'You are wrong politically, historically and theologically'

News
Danny Kruger: Britain should be 'confidently Christian'
Danny Kruger: Britain should be 'confidently Christian'

Reform MP Danny Kruger has spoken of the need for Britain to once more assert itself as a  country with a long and rich Christian Heritage.

400 girls 'missing' thanks to sex-selective abortions
400 girls 'missing' thanks to sex-selective abortions

Sex selective abortions appear to be taking place within the Indian community, data suggests.

Community pantries mark a million visits as new research highlights impact on food insecurity
Community pantries mark a million visits as new research highlights impact on food insecurity

Community pantries across the UK have recorded their one millionth visit, as new research suggests the membership-based food model is helping thousands of households reduce food insecurity, cut costs and prevent them from falling into extreme hardship.

Christmas was a mix of joy and hostility for Christians in India
Christmas was a mix of joy and hostility for Christians in India

India has witnessed a blend of joyful Christmas celebrations in many parts of the country, alongside reports of hate, hostility, and attacks on Christians this season, particularly in northern and central regions.