Cameron was in an awkward position. He was struggling to square a groundswell of popular sentiment fanned by the propagandists of his own party with a broader agenda of business-driven globalism. Since the 1970s EU membership had shaped the competitive modernization of the UK economy. The Tories, as much as any party, had participated in that drive. The City of London in its twenty-first-century form had emerged as one of the most important strands of the UK-EU relationship. Its offshore relationship to the eurozone had defined both Britain’s and Europe’s places in the networks of financial
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