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Britain leaving EU 'poses significant business risks'

27 April 2014 Last updated at 08:17 BST

Quitting the EU would pose "very significant risks" to Britain, the body which represents major UK-based banks and insurance firms has said.

The City UK commissioned a report to examine Britain's relationship with the EU from a financial and professional services perspective.

It found that exiting the EU could harm investment in Britain and raise unemployment and prices. Business correspondent Joe Lynam reports.