Prepare for UK exit from EU, Asian bank warns

The prospect of Britain leaving the European Union is increasingly likely according to a leaked strategy paper by banking giant Nomura.

The Asian bank, which is drawing up contingency plans for a "Brexit," said that "a referendum on EU membership without first securing significant concessions from EU partners would result in the UK leaving the European Union."

The paper, written by Alastair Newton, a one-time British diplomat and advisor to former prime minister Tony Blair, added...