David Cameron US visit: Staying in EU could benefit Britain by £10 billion annually, says PM, as he holds talks with US President Barack Obama


David Cameron will today confront his Tory critics by making the positive case for continuing European Union membership as he holds talks with President Barack Obama over a giant US-EU trade deal that could provide a £10bn annual boost to the British economy.

With his party in renewed turmoil over Europe, the Prime Minister will also seek to reassure the White House that Britain – which senior figures in the Obama administration have insisted they regard as a crucial member of union – is not heading for the exit door of the EU.

The planned agreement would establish a free trade area between the world’s two largest trading blocs, creating a transatlantic market of 800 million consumers.

The White House talks are designed to pave the way for next month’s meeting of G8 leaders in Lough Erne, Northern Ireland, where Mr Cameron hopes negotiations will begin on the planned agreement.

Writing in today’s Wall Street Journal, Mr Cameron says: “This deal could add as much as £10bn to the British economy and £63bn to US GDP. But the rest of the world would benefit too, with gains that could generate €100bn worldwide.”

The Government last night released research suggesting a US-EU compact sweeping away trade barriers would particularly benefit the automotive, financial and chemical sectors. It claimed the deal could be worth £380 a year for each British family.

Karel de Gucht, the European Commissioner for Trade, has cited the deal as a prime reason for why Britain should stay in the EU, telling The Independent last week that it would be “clear madness” for the UK to leave in light of such a deal.

Today’s talks will also focus on the crisis in Syria, with Mr Cameron pressing for an intensification of diplomatic efforts to force President Bashar al-Assad’s regime to relinquish power.

The Prime Minister and President Obama will be joined by US Secretary of State John Kerry to discuss ways of supporting the emergence of moderate, credible opposition forces.

Mr Cameron will visit the FBI headquarters today for a briefing on last month’s Boston marathon bombings   and to see whether Britain can learn any lessons for handling terrorist attacks. He will be accompanied by the new Director of MI5, Andrew Parker, and will fly on to Boston later today for meetings with the city authorities.

The Prime Minister’s visit is part of a diplomatic tour ahead of the G8 meeting at which world leaders will also discuss practical ways of stopping major corporations switching their profits to low-tax jurisdictions. Mr Cameron will urge the President to sign up to global rules to clamp down on aggressive tax avoidance.

As he flew out, a coalition of nearly 200 churches, charities and aid groups said it was essential for Britain to force crown dependencies – including the Channel Islands and the Isle of Man, as well as overseas territories such as the Cayman Islands and Bermuda – to be more open and transparent over their role as tax havens to encourage other countries to follow suit.

Signatories include a range of organisations such as the Church of England, the Church of Scotland, Oxfam, the Salvation Army, Save the Children and the Mo Farah Foundation.

Warning also of the danger that next month’s G8 meeting could fail to reach a significant agreement on tackling levels of hunger in the developing world, they said: “Getting the UK’s own house in order ahead of the G8 Leaders’ Summit is an essential step towards this ... We remain confident this G8 can secure a real breakthrough in the fight against hunger and tax transparency but your personal leadership and international diplomacy over the next few weeks will be critical to reaching this ambition.”

Arts and Entertainment
Lena Dunham
booksLena Dunham's memoirs - written at the age of 28 - are honest to the point of making you squirm
Arts and Entertainment
A bit rich: Maggie Smith in Downton Abbey
tvDownton Abbey review: It's six months since we last caught up with the Crawley clan
Frank Lampard and his non-celebration
premier leagueManchester City vs Chelsea match report from the Etihad Stadium
Have you tried new the Independent Digital Edition apps?
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
A new app has been launched that enables people to have a cuddle from a stranger
techNew app offers 'PG alternative' to dating services like Tinder
Jacqueline Bisset has claimed that young women today are obsessed with being 'hot', rather than 'charming', 'romantic' or 'beautiful'
Arts and Entertainment
Jake Quickenden sings his heart out in his second audition
tvX Factor: How did the Jakes - and Charlie Martinez - fare?
premier league
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave crime series
Mario Balotelli celebrates his first Liverpool goal
premier leagueLiverpool striker expressed his opinion about the 5-3 thriller with Leicester - then this happened
Britain's shadow chancellor Ed Balls (L) challenges reporter Rob Merrick for the ball during the Labour Party versus the media soccer match,
peopleReporter left bleeding after tackle from shadow Chancellor in annual political football match
Arts and Entertainment
Female fans want more explicit male sex in Game of Thrones, George R R Martin says
tvSpoiler warning: Star of George RR Martin's hit series says viewers have 'not seen the last' of him/her
Plenty to ponder: Amir Khan has had repeated problems with US immigration because of his Muslim faith and now American television may shun him
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Head of Marketing and Communications - London - up to £80,000

£70000 - £80000 per annum: Ashdown Group: Group Head of Marketing and Communic...

Nursery Nurse

Negotiable: Randstad Education Manchester: Level 3 Nursery Nurse required for ...

Nursery Nurse

Negotiable: Randstad Education Manchester: L3 Nursery Nurses urgently required...

SEN Teaching Assistant

Negotiable: Randstad Education Manchester: We have a number of schools based S...

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments