Jim Mellon: PM's "key error" in EU negotiation

British Investor Jim Mellon, worth an estimated £850 million, believes Britain leaving the European Union is the best decision for business.

Mr Mellon also believes David Cameron has made a “key error” in his negotiations with the European Union.

Mellon told Today: “He (Cameron) has already indicated he wants to stay in Europe… no matter what terms are negotiated he’ll be backing the pro-European course.”

He added: “I think they (the government) are going to come out and support remaining in the European Union and they’ll get very few concessions from the EU.”